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WTO head warns of retaliation risk after U.S. trade tariffs

Reuters  |  BRASILIA 

BRASILIA (Reuters) - U.S. President Donald Trump's decision to slap tariffs on imported steel and aluminium could spark retaliation from other countries and lead to unforeseen consequences, the head of the World Trade Organization said on Monday."You know when it starts but not how it will turn out" when countries engage in mutual retaliation, WTO Director-General Roberto Azevêdo said in remarks to reporters after a meeting with Brazilian President Michel Temer.Brazil has said it will seek exemption from the newly imposed tariffs."This process of tit-for-tat can induce at times trade wars ...

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First Published: Tue, March 13 2018. 03:40 IST