GENEVA (AN) — A panel of independent experts warned that the World Trade Organization could become irrelevant if U.S. President Donald Trump's trade wars cause "backsliding" among major economies towards trade protectionism.
The report, prepared for WTO's Director-General Roberto Azevêdo by the German private foundation Bertelsmann Stiftung, said the trade tensions pose a serious threat to global trade governance. And without a major shakeup at WTO, it warned, the international organization faces a "gradual demise."
