Trump's new tariffs on Europe? The head of the WTO warns against the escalation of the trade war
Okonjo-Iweala's appeal on the sidelines of the World Economic Forum in Davos comes at a time of growing transatlantic dispute. On Saturday, January 17, US President Donald Trump announced the possibility of imposing additional 10% tariffs on eight European countries that opposed the United States taking control of Greenland from February 1.
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The head of the WTO in Davos warns against a trade war. “Let's have a dialogue”
— We need to find a way to make sure that this does not lead to a trade war, because a trade war will not only harm those involved in it, but will have negative effects on others as well Okonjo-Iweala said.
The head of the WTO emphasized that the signals coming from Davos indicate readiness to reduce tensions. — I think what we see and hear in Davos is a kind of silencing. Let's talk, let's dialogue – she added.
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The threat of new tariffs from Donald Trump. There is a reaction of the European Parliament towards the USA
Tensions around Greenland and the US president's threats have already been reflected in the actions of EU institutions. On Tuesday, the European Parliament decided to suspend the ratification of the trade agreement concluded last year between the European Union and the United States.
Under the agreement, a 15 percent tariff would be imposed on most EU exports to the United States.
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