MURDER, POLITICS, AND THE END OF THE JAZZ AGE
by Michael Wolraich
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WTO warns tariff wars threaten jobs and global living standards
By artappraiser on Wed, 10/02/2019 - 3:59am |Organisation slashes forecast for 2019 trade growth amid US-China dispute and Brexit fears
By Larry Elliot @ TheGuardian.com, Oct. 1
The World Trade Organization has warned that the outbreak of tariff wars pose a threat to jobs and living standards as it slashed its forecast for trade growth during 2019.
The Geneva-based WTO said it had more than halved its growth forecast for trade in goods this year from 2.6% to 1.2% after a summer of escalating US-China protectionism, a slowdown in global growth and fears of the impact of a no-deal Brexit.
With the WTO’s ability to resolve trade disputes between its member states under threat, the organisation’s director general, Roberto Azevêdo, said the hostile environment was discouraging firms from spending on new capital [....]
URL:
https://www.theguardian.com/world/2019/oct/01/wto-warns-tariff-wars-threaten-jobs-and-global-living-standards
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Comments
Also saw this but can't access full article because I am out of freebies @ The Telegraph. So here is the google snip:
by artappraiser on Wed, 10/02/2019 - 4:08am
Putin's getting his money's worth.
by PeraclesPlease on Wed, 10/02/2019 - 4:40am
by artappraiser on Wed, 10/02/2019 - 4:12am
This story with Pompeo and the Italian PM was actually on topic:
by artappraiser on Wed, 10/02/2019 - 4:22am
Strikes me on seeing this "breaking": how can an industry even prepare for this happening to them?
They can't. Who in the U.S. gets the upside? American advertising agencies get more business, I suppose, the imported products just have to advertise to influence that they are worth the premium prices over local product, that are actually due to tariffs, shipping and then advertising...in the meantime, though, they are dealing with falling volume.
by artappraiser on Wed, 10/02/2019 - 5:57pm