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WTO Head Warns of Anti-Trade ‘Catastrophe’ After U.S. Election

Posted November 03, 2016

Under Economic Issues, International Trade Issues

(Ed Conway – Sky News)

In his strongest intervention yet in the US presidential race, Roberto Azevedo said that the candidates should be wary of promising to pull down free trade agreements and slap tariffs on cheap imports from overseas.

“That would be the wrong policy,” he said. “You begin with the wrong diagnosis and then prescribe the wrong medicine.

“If a country like the United States disconnects from the global economy it’s a disaster. It’s a catastrophe for the economy. So that is not going to happen.

“Many of those policies that are being proposed [by the candidates]; if implemented, actually you’re out of power in four years because they will only hurt the economy.” Click here to read more.