WTO chief: World at risk of trade war

[DonViejo]

Source: The Hill




BY JULIA MANCHESTER - 03/05/18 02:56 PM EST

The World Trade Organization (WTO) Director-General Roberto Azevêdo on Monday said the world is at risk of a trade war in the wake of President Trump's announced tariffs of 25 percent on steel imports and 10 percent on aluminum.

"In light of recent announcements on trade policy measures, it is clear that we now see a much higher and real risk of triggering an escalation of trade barriers across the globe. We cannot ignore this risk and I urge all parties to consider and reflect on this situation very carefully," Azevêdo said.

"Once we start down this path, it will be very difficult to reverse direction. An eye for an eye will leave us all blind and the world in deep recession. We must make every effort to avoid the fall of the first dominoes. There is still time," he continued.

While Azevêdo did not mention Trump in his most recent statement, he said on Friday the organization was concerned about the administration's announcement.

Read more: http://thehill.com/blogs/blog-briefing-room/news/376806-wto-chief-world-at-risk-of-trade-war

[pangaia]

1. Dear Director-General Roberto Azevdo ,

You need to come out and say what the fuck is really going on ! NOW !!!!! The Russians are running the American government with the assistance of complicit republicans. They are trying to do the same in the UK, france, germany, Italy, turkey, and elsewhere..

You know all of this and are in a position to perhaps have some effect....

[flibbitygiblets]

2. +1

[keithbvadu2]

3. It will be a short war... Donald says they are easy to win.

[samnsara]

4. they need to sanction us

[Mosby]

5. the globalists are winning.

Last edited Mon Mar 5, 2018, 06:40 PM - Edit history (1)

It's a shame.

You’ve globalized the rights of big corporations to do business anywhere in the country, but what we now need to do is globalize the rights of workers, labor unions, environmentalists and human rights. If you do that, you raise the standard of living in other countries. And what happens is our jobs stop going away because the cost of production goes up.

Free trade must equal fair trade. We are subsidizing the sometimes awful environmental practices of our trading partners, and we are subsidizing the profits of multinational corporations by not having international labor standards. If free trade allows General Motors to set up a plant in Mexico, free trade should allow the UAW to organize that plant under conditions similar to those in the US. This isn’t wage parity; I am asking for shared ground rules.
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Howard Dean, 2004.