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Azevêdo warns WTO members against increasingly volatile trade rhetoric

April 13, 2018 at 3:22 PM
World Trade Organization Director General Roberto Azevêdo this week warned against increasing trade tensions because, he said, the threat of retaliatory measures alone can have harmful economic effects. “The possibility of further escalation remains hypothetical at this stage, but a reality nonetheless,” Azevêdo said during a press conference on Thursday. “However, it seems that even the threat of further escalation may already be having an effect. In March, Purchasing Managers Indices indicated a slowdown in export orders. At the same...

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