UN Secretary-General Antonio Guterres issued a stark warning about escalating global trade tensions during a Tuesday press conference, declaring that "nobody wins in a trade war." His comments came in response to recent U.S. tariffs imposing a minimum 10% levy on imports from nearly every country.
Ripple Effects on Vulnerable Economies
Guterres expressed particular concern for developing nations, stating rising tariffs could have "devastating" consequences. "I sincerely hope we will have no recession," he emphasized, noting economic downturns disproportionately affect the world's poorest populations.
A Call for Collaborative Solutions
While not naming specific countries, the UN chief reinforced the organization's stance that protectionist policies undermine multilateral cooperation. Analysts suggest his remarks reflect growing unease about trade policies fragmenting global economic stability.
