The head of the World Trade Organization had a suggestion for the audience in Davos, Switzerland, gathered to hear her speak about a word that’s been raising anxiety in boardrooms, government capitals and trading floors all week: tariffs.
The broader context was President Donald Trump’s belief that higher import taxes are a cure-all for the US’s economic, societal and fiscal woes.
“Please let’s not hyperventilate,” WTO Director-General Ngozi Okonjo-Iweala said Thursday. “Could we chill?”
In her opening remarks for a town hall session, she went on to explain that the value of world trade has surpassed its pre-pandemic peak, demonstrating ...
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