NGOZI OKONJO-IWEALA CAUTIONS TRUMP, THERE WILL BE REPERCUSSIONS....

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On Thursday, January 23, Ngozi Okonjo-Iweala, The Director General Of The World Trade Organization (WTO), Issued A Warning Against Any Retaliatory Trade Wars That May Be Sparked By The US And President Donald Trump's Tariff Threats Against Various Nations.

Okonjo-Iweala Urged Other States To Avoid Retaliating In Kind Against Trump, Describing The Possible Outcome As "Catastrophic."

Speaking At The Annual World Economic Forum Gathering In The Swiss Town Of Davos.

Okonjo-Iweala Stated:

 “If we have tit-for-tat retaliation, whether it’s 25% tariff (or) 60% and we go to where we were in the 1930s we’re going to see double-digit global GDP losses. That’s catastrophic. 

Everyone will pay.” “We’ve seen this movie, as I said, elsewhere in the 1930s with the Smoot-Hawley Act. It made it worse,” she said.

 

“We’re very much saying to our members at the WTO, you have other avenues, even if a tariff is levied, please keep calm.”

 

 

Read also👉 US President, Donald Trump has said he will put tariffs on all goods entering into the US