New York: UN Secretary-General Ant³nio Guterres warned that “no one wins in a trade war,” according to his Spokesman, Stephane Dujarric. Amid widespread opposition, US President Donald Trump signed an executive order on Wednesday on so-called “reciprocal tariffs,” imposing a “minimum base tariff” of 10 percent and higher rates on trading partners.

According to National Iraqi News Agency, in response to a question about Guterres’ comments on the White House’s recent tariff policy, the UN Secretary-General’s spokesman said, “In a trade war, no one wins.” He noted that the UN’s Sustainable Development Goals would be affected by the outbreak of a global trade war.

The UN Conference on Trade and Development (UNCTAD) warned in a statement on Friday that the tariffs imposed by the United States would harm vulnerable countries. He added, “The global trade system is entering a critical phase, threatening growth, investment, and development progress, especially in the most vulnerable economies,” as major economies prepare to impose sweeping new tariffs.