The World Trade Organization (WTO) warned that the tariffs of USA They caused one “unprecedented” alteration of world commercial standards. The entity announced that the proportion fell more than 70% but will not stay there.
The magnitude of world trade that is carried out in WTO conditions fell to 72% and could descend even more, in a context of a greater disturbance of the international commercial system of the last 80 years.
Tariffs cause an “unprecedented” alteration
“We are experiencing the greatest alteration of world trade standards, unprecedented in the last 80 years,” were the officials of the official in an interview at the beginning of her second term at the head of the trade surveillance agency based in Geneva.
In that line, he continued: “So it is not surprising that some question the world trade system (…) and its predictability.”
Since the introduction of the tariffs of US President Donald Trump, the proportion of world trade conducted under the most favored Nation terms of the WTO was reduced around 80%. This principle requires WTO members to treat everyone else in the same way.
Brazil already analyzes the US in response to tariffs of 50% imposed by Donald Trump
Brazil evaluates implementing a commercial response against the United Statesin retaliation for tariffs of 50% imposed by Donald Trump’s administration to Brazilian imports. For the first time, the government of Luiz Inacio Lula da Silva He began the analysis to respond with tariffs or other sanctions to the US, marking a turning point in bilateral commercial relations.
As confirmed by sources from the Ministry of Foreign Affairs (Itamaraty) To the international press, the chancellor ordered the Foreign Chamber of Commerce (CAMEX) Start a study that evaluates the feasibility of implementing a local law of reciprocity against the United States.
Source: Ambito
