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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: pocotrader who wrote (420868)	10/16/2019 9:16:28 PM
From: Sam	Read Replies (1) \| Respond to of 541743

Thanks, Donald. What an idiot this guy is. A US trade war with EU puts world ‘straight into a recession,’ ITC chief says Published Wed, Oct 16 2019 12:14 PM EDT Updated Wed, Oct 16 2019 12:55 PM EDT Willem Marx Key Points Arancha Gonzalez, the Executive Director of the International Trade Centre, predicts a global recession if the EU and the U.S. enter into a trade war. A tariff battle would particularly hurt small agricultural producers and manufacturing businesses, says Gonzalez. The head of the UN agency responsible for promoting trade across the developed world has warned that a tariff war between the EU and U.S. would drag the global economy backwards. “It means straight into a recession,” Arancha Gonzalez, the Executive Director of the International Trade Centre (ITC), said in an interview with CNBC Wednesday after meeting with European Commission officials in Brussels. “All of this is pointing in one direction. If we keep digging into that same hole, we will be looking into a major recession.” U.S. tariffs on $7.5 billion worth of European products are currently scheduled to take effect on Friday Oct. 18, after World Trade Organisation (WTO) arbitrators authorized the U.S. to take countermeasures against the EU to remedy decades of illegal government subsidies to the aircraft manufacturer Airbus. continues at cnbc.com