WTO warns against escalation of trade tensions; says will impact growth

A full-blown global trade war would have serious effects on global growth and there would be no winners of such a scenario, the director-general of the World Trade Organization (WTO) Roberto Azevedo said on Tuesday.

Speaking at a Berlin industry event against the backdrop of growing trade tensions between China and the United States, Azevedo said: "The warning lights are flashing. A continued escalation of tensions would pose an increased threat to stability, to jobs and to the kind of growth that we are seeing today."