Continuous Tariff War destroys the global economy-oconjo-leala-led World Trade Organization Warns Donald Trump, other leaders

She said the WTO Secretariat is monitoring the developments carefully and is in active communication with various member states. The Director General of the World Trade Organization (WTO), dr. Ngozi Okonjo-Iweala, has issued a strong warning to world leaders, including US President Donald Trump and requested to stop the rising tariff war that ruins the global economy. In a press release she personally released, Okonjo-Iweala expressed deep concern about the series of trade measures recently announced by the United States, especially those revealed on April 2. She said the WTO Secretariat is monitoring the development carefully and is in active communication with various member states. “Many members have reached out and we are actively working on them in response to their questions about the potential impact on their economies and the global trading system,” she said. She noted that according to the preliminary WTO estimates, the latest round of rates, combined with protectionist measures introduced earlier this year can result in a contraction of 1% in 2025. “This decline is alarming,” Okonjo-Iweala said. “There is a real risk for a full -fledged tariff war, powered by cycles of retaliation that can further suppress worldwide trade.” Despite the recent measures, the WTO chief emphasized that a significant part of international trade, currently about 74%, is still working under the conditions of the organization (MFN) of the organization. However, this figure dropped from 80% at the beginning of the year, indicating a disturbing tendency towards protectionism. “WTO members must stand together to protect these profits,” she insists. According to her, “trade measures of this magnitude have the potential to create significant effects of trading disorder.” WTO members must stand together to protect these profits. “” I call on members to manage the resulting pressure on a responsibility to prevent trading tension from spreading. ” Okonjo-Iweala highlights the WTO’s role as a global trade dialog forum and dispute resolution. Use this forum to get constructively involved and seek collaborative solutions, “she said. Okonjo-Iweala’s warning comes amid an increasing tariff war between the US, China, Canada and other economically powerful countries. Saharan Porters reported earlier that China had a 34% rate on all goods. Donald Trump.