World Trade Organization chief on the wires from New Delhi 20 March
- action of US can escalate trade tensions
Not sure if Mr T's team is listening but G20 meeting currently taking place in Buenos Aires and trade wars definitely on the agenda.
Also from New Delhi this from the Indian trade min:
- WTO members concerned about serious threats posed by recent unilateral trade actions
- WTO members suggested counter measures to respond to unilateral trade actions
Meanwhile USDJPY going nowhere in a hurry again around 106.50 with USD buying being countered by JPY demand again.
GBPJPY down to 149.00 with GBPUSD breaking down through 1.4000. EURJPY down to 130.63 session lows as EURUSD tests 1.2270
