'China-US Trade War Will Have Intense Impact on World Economy' :)

Head of World Trade Organization said that China and the United States' overall trade war will have a great impact on the world economy.

World Trade Organization chief Ezvedo has expressed the danger that the global growth could drop rapidly. After the announcement of US and China to impose taxes on each other's products, Ezevievedi commented on this.

Last week, US President Donald Trump announced a $ 60 billion tax on China's goods. In response Beijing said that they are not afraid of trade war. But the discussion needs to be continued.

The United States said that these two large powers can reach an agreement on the hopeful trade issue. Earlier this month, the United States increased tariffs on aluminum and steel imports which affected several countries including China. In response, China also increased the duty on US products.

Ezvedo said the loss of world trade depends on the scope of this trade war. He said, if this fight was limited to steel and aluminum, then one thing, and if it is hundreds of products then another matter. Both of these effects are of two types. But there is little doubt that trade war is a big problem, little is there. I do not think any of the US administration thinks this is a simple matter. I think many people understand how bad this trade war can have a great impact on the world economy.

The United States has already accused the World Trade Organization of breaking the patent rights against China. Trump calls it a disaster for America. Ezvedo said that due to this war, the World Trade Organization has to go through the most difficult situation in the last 23 years. The World Trade Organization is trying to negotiate. The head of the World Trade Organization said, "We do not want to take any side in this war." We want to avoid this war.