[ad_1] US President Donald Trump’s worldwide tariff salvo could lead to an overall contraction of around 1 percent in global merchandise trade volumes this year, the WTO chief warned Thursday. After Trump on Wednesday unveiled a blitz of harsher-than-expected levies aimed at countries around the globe, Ngozi Okonjo-Iweala warned the measures would “have substantial implications…
[ad_1] White Press Secretary after press briefing on Tariffs. Berlin: Germany warned Wednesday that trade wars hurt “both sides” as Europe’s biggest economy braces for US President Donald Trump to announce wide-ranging new “Liberation Day” tariffs. “The costs of a trade war do not fall on one side but can become expensive for both sides,”…
[ad_1] Canadian PM Mark Carney also highlighted his plan to fight unjustified trade actions against Canada. Ottawa: Canadian Prime Minister Mark Carney spoke with Mexican President Claudia Sheinbaum on Tuesday about Canada’s plan to “fight unjustified trade actions” by the United States, the prime minister’s office said. “With challenging times ahead, Prime Minister Carney and…
