WTO chief warns U.S.–China trade war could cut global GDP by 7%
WTO Director-General Ngozi Okonjo-Iweala urged the U.S. and China to de-escalate their trade tensions, warning that prolonged conflict could shrink global output by as much as 7%. She pointed to recent rare-earth export curbs and tit-for-tat tariffs as signs of mounting economic risk. The WTO also cut its 2026 trade growth forecast sharply, underscoring the urgency for diplomatic intervention. Her remarks added to pressure on policymakers globally.
neutral-negative
2 days ago
WTO chief warns U.S.–China trade war could cut global GDP by 7%
WTO Director-General Ngozi Okonjo-Iweala urged the U.S. and China to de-escalate their trade tensions, warning that prolonged conflict could shrink global output by as much as 7%. She pointed to recent rare-earth export curbs and tit-for-tat tariffs as signs of mounting economic risk. The WTO also cut its 2026 trade growth forecast sharply, underscoring the urgency for diplomatic intervention. Her remarks added to pressure on policymakers globally.
neutral-negative
WTO chief warns U.S.–China trade war could cut global GDP by 7%
2 days ago
1 min read
67 words
WTO chief warns U.S.–China standoff may shave 7% off global GDP if unresolved.
WTO Director-General Ngozi Okonjo-Iweala urged the U.S. and China to de-escalate their trade tensions, warning that prolonged conflict could shrink global output by as much as 7%. She pointed to recent rare-earth export curbs and tit-for-tat tariffs as signs of mounting economic risk. The WTO also cut its 2026 trade growth forecast sharply, underscoring the urgency for diplomatic intervention. Her remarks added to pressure on policymakers globally.
WTO Director-General Ngozi Okonjo-Iweala urged the U.S. and China to de-escalate their trade tensions, warning that prolonged conflict could shrink global output by as much as 7%. She pointed to recent rare-earth export curbs and tit-for-tat tariffs as signs of mounting economic risk. The WTO also cut its 2026 trade growth forecast sharply, underscoring the urgency for diplomatic intervention. Her remarks added to pressure on policymakers globally.