Possible US China trade war threatens global growth
The World Trade Organisation warns the battle between China and the US over tariffs is threatening global growth.
Figures show global trade grew at its fastest for six years in 2017. And the outlook is good but only if a full blown trade war is avoided.
“These forecasts do not, and I repeat, they do not factor in the possibility of a dramatic escalation of trade restrictions,” emphasised WTO Director General, Roberto Azevedo.
Figures just released show China is the world’s largest exporter of goods followed by the United States. But these positions are reversed when it come to which country imports the largest number of goods with the US here topping the table.
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