U.S. steel tariffs meet barrage of criticism at WTO | WHAT REALLY HAPPENED

U.S. steel tariffs meet barrage of criticism at WTO

- U.S. President Donald Trump’s steel and aluminum tariffs met a barrage of criticism at a World Trade Organization meeting on Friday, as the European Union, Japan, Australia and others joined a debate started by China and Russia.

The EU representative dismissed U.S. assertions that the steps were needed to protect national security, saying Washington was just trying to support its industry, a Geneva trade official said.

WTO Director-General Roberto Azevedo said it was positive to see the discussion happening within the WTO’s walls, since taking disputes outside greatly increased “the risk of escalation in a confrontation that will have no winners”.

“Disrupting trade flows will jeopardize the global economy at a time when economic recovery, though fragile, has been increasingly evident around the world,” he said in a statement.

Webmaster's Commentary: 

What concerns me deeply here is the ability of trade wars to escalate into actual shooting wars; I am hoping like heck that this doesn't happen wit either Russia or China.

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