Tariffs tend to hit the poor harder, WTO says
Brussels, Belgium Reuters Import tariffs tend to disproportionately hit low-income households, the World Trade Organization said in a report on Monday, countering what it sees as backlash against open markets and rising protectionism. WTO Director-General Ngozi Okonjo-Iweala said the 2024 World Trade Report reaffirmed trade’s role in reducing poverty and sharing prosperity “contrary to the […]
Food crisis fuels fears of protectionism compounding shortages
Davos, Switzerland Reuters A growing world food crisis is precipitating protectionist moves by countries which are likely to compound the problem and could lead to a wider trade war, business leaders and policymakers at the World Economic Forum said. In a sign of the escalating squeeze on food supplies and rising prices, a government source […]