Global trade is under threat and whether or not the current situation is a trade war, the first shots have been fired and this calls for action, Director General of the World Trade Organization (WTO) Roberto Azevedo has said. WTO data showed a marked escalation of trade restrictive measures over the last six months, he wrote in an opinion piece released Tuesday by Swissinfo, the website of the Swiss national broadcaster. "A continued escalation would risk a major economic impact, threatening jobs and growth in all countries, hitting the poorest the hardest," Azevedo said. "A number of ... (full story)