US-China trade war could slash bilateral trade by 80%, split global economy
The Director-General of the World Trade Organization, Ngozi Okonjo-Iweala, has warned that escalating trade tensions between the United States and China could lead to an 80 per cent collapse in merchandise trade between the two countries and a long-term split in the global economy. In a statement issued on Wednesday, Mrs Okonjo-Iweala described the ongoing…
