Okonjo-Iweala urges restraint on national security, potential Trump tariffs

World Trade Organization members must “be very careful” in invoking the national security exception to prevent a race to the bottom, Director-General Ngozi Okonjo-Iweala said on Tuesday, urging similar restraint if former President Donald Trump wins re-election and imposes his proposed 10 percent across-the-board tariff. Okonjo-Iweala, speaking at the Peterson Institute for International Economics , argued that the WTO is an important cornerstone of a stable and predictable trading system and advocated for a “vibrant” organization that can contribute to...