WTO warns of economic damage from escalation in trade tensions

The head of the WTO warned of the fallout from a trade war, urging nations to step back from the brink and avoid ratcheting up tension.
 

It’s a “very delicate” moment in trade relations between some of the world’s large economies, World Trade Organization Director-General Roberto Azevedo said Tuesday at a conference in Lisbon.

The world is struggling with how to respond to U.S. President Donald Trump, who imposed steel and aluminum tariffs on allies and adversaries alike last month, granting temporary waivers to some amid further security and trade negotiations. China, which is being threatened with additional levies on $50