WTO warns rival trade blocs could shave 7% off global GDP

T1Covered by 1 source · first reported by Semafor (filter tech) at 23 Sept, 20:08 UTC

WTO Director-General Ngozi Okonjo-Iweala cited WTO modeling showing that allowing the multilateral rules-based system to erode further under retaliatory tariffs could trigger a 20% collapse in global trade.

Sources

• T1WTO warns rival trade blocs could shave 7% off global GDPSemafor (filter tech)23 Sept, 20:08