Dr. Ngozi Okonjo-Iweala, Director-General of the World Trade Organization (WTO), has issued a stern warning to former U.S. President Donald Trump and Russian President Vladimir Putin regarding the potential fallout of escalating trade wars.
Speaking on the global implications, Okonjo-Iweala cautioned that such economic conflicts could have severe consequences for international trade and economic stability. She emphasized that retaliatory policies, tariffs, and restrictions could disrupt supply chains, harm global markets, and exacerbate economic inequality.
“The world cannot afford another wave of trade conflicts that undermine the multilateral trading system,” she stated, urging global leaders to prioritize cooperation and dialogue over confrontation.
The warning comes amid rising tensions in global trade, with reports of strained relations between major economic powers. Okonjo-Iweala reiterated the WTO’s commitment to fostering collaboration among member nations to address trade disputes and promote equitable growth.
Observers are now closely monitoring developments to assess how the parties involved will respond to the WTO chief’s cautionary remarks.
