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