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WTO Chief: Trump’s Trade Disputes Causing ‘Global Downturn’

“But in 2018, higher U.S. interest rates and trade policy uncertainty has added headwinds, along with concerns that the global market cycle is aging.”” writes Taylor Nicole Rogers for thestreet.com. President Trump’s public quarrels with other world leaders over trade has “absolutely” put the global economy at risk, Director-General of the World Trade Organization Roberto Azevedo said in an interview Wednesday.Even if the United States does come to a peaceful resolution of its trade disputes, economic pain may be unavoidable.”In the last couple of weeks, uncertainty about trade policy has reinforced some thematic risks to emerging markets and emerging market currencies to sell off against the dollar,” Adams said.
 
Source: thestreet.com



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