UN Secretary-General reiterates: There are no winners in a trade war
UN Secretary-General Antonio Guterres reiterated on April 8 that there are no winners in a trade war. On the same day, Guterres answered questions at a press conference at the UN headquarters in New York, saying that a trade war is extremely negative, no one can win from it, and everyone will suffer losses. He is particularly worried about the most vulnerable developing countries because they will be hit harder. Guterres said he does not want an economic recession because it will have serious consequences, especially for the world’s poorest people.
