Tag: Okonjo-Iweala Cautions Global Leaders Against Escalating Trade Wars

Ngozi Okonjo-Iweala, the head of the World Trade Organization (WTO), urged countries on Thursday to maintain composure regarding tariffs, warning that a tit-for-tat trade war would be “catastrophic” for the global economy. Her remarks came during a panel discussion on tariffs at the World Economic Forum in Davos, Switzerland, amidst rising tensions as US President…