{
Ngozi Okonjo-Iweala

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}
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001122334455554433221100

wto warns us china trade war could reduce global gdp by 7 percent

The World Trade Organization warns that an escalating US-China trade war could reduce global GDP by 7% and divide the economy into rival blocs. With tariffs on Chinese goods reaching 125%, the WTO emphasizes the need for dialogue to avoid severe economic fallout, particularly for developing nations. The situation poses risks to the fragile post-pandemic recovery, highlighting the importance of a cooperative approach to trade disputes.
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13:23 10.04.2025
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