Topics

World Trade Organization

WTO chief: global trade not main culprit for lost US jobs

Global trade is not the main cause for the loss of manufacturing jobs in places like the United States and needs to be defended from its critics, the chief of the World Trade Organization said Wednesday.

Director-General Roberto Azevedo rebuffed arguments made by some politicians around the world, such as U.S. presidential candidate Donald Trump, that global trade deals are destroying jobs or causing them to move to lower-cost countries.

He pointed to recent studies showing that as much as 90 percent of the U.S. manufacturing jobs recently lost were due to new technologies, innovation or improvements in efficiency.

"It had nothing to do with imports, it had...

72°