The U.N. chief says "no winners" emerge from rising trade tensions, which over time amount to a "major setback" to efforts to keep the world on a path to economic prosperity while preserving the environment.
Secretary-General Antonio Guterres made no reference to a spike in U.S.-China trade tensions during his long-planned speech at the World Trade Organization.
Instead, Guterres offers general comments about "growing discontent with globalization" and says the escalating trade tensions over the last year could threaten "the very foundation of the rules-based multilateral trading system."
He says that "when trade tensions rise, there are no winners, only losers, especially among developing countries."
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