BAKU (Bernama): While the threat of war still looms despite the end of the Cold War, trade disputes which are fast turning into trade wars are causing havoc on the world's economies, says Tun Dr Mahathir Mohamad. A trade war between the world’s largest economies, he said, is bound to fracture the world trading system. But tariffs, counter-tariffs and other impediments to free trade may now become the ‘new normal’, ” he said. Pointing to the ongoing US-China mega-trade war, Dr Mahathir said it may be a symptom of something far worse: growing rivalry between the world’s two biggest powers, lasting indefinitely. "In the dangerous world we currently live in, we must defend and champion the 10 principles of the 1955 Bandung Conference.

Source: The Star October 25, 2019 12:56 UTC