World Trade Organization warns that Trump risks trade war - News Summed Up

World Trade Organization warns that Trump risks trade war


GENEVA — The World Trade Organization warned Friday that U.S. President Donald Trump is risking an economically damaging trade war if he goes ahead with plans to impose steep tariffs on steel and aluminum imports. His more muscular language follows a flurry of worries from key U.S. trading partners in Europe over Trump’s tariff plans. “I don’t like using the word trade war, but I can’t see how this isn’t part of war-like behaviour,” Juncker told German media ahead of a planned speech late Friday in Hamburg. Trump didn’t appear too concerned about the prospect of a trade war, even with a key partner such as the EU. “Unlike possibly other countries, there’s no unfair competition or dumping prices from German or European firms,” German Foreign Minister Sigmar Gabriel said.


Source: National Post March 02, 2018 09:38 UTC



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