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The World Trade Organization has lowered its growth forecasts for global trade, blaming the slowing economy and ongoing tensions between the US and China.
Chinese President Xi Jinping said on Tuesday in a speech commemorating the 70th anniversary of the Chinese Communist Party’s rule that no force can stop the Chinese people and the nation from developing.
Trade tariffs between the EU and the US could trigger a “snowball effect” that would soon take the world into “very precarious waters”, said the head of the UN agency for workers and employers.
