India, April 11 -- The executive director of the International Trade Centre stated that the 'tit-for-tat' tariffs between US and China could have a devastating impact on developing countries.

Pamela Coke Hamilton, who is the head of the joint agency of the United Nations and World Trade Organisations, stated that the ongoing trade war and escalation of tariffs could spell trouble even worse the cuts to foreign aid.

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"It is huge. If this escalation between China and the U.S. continues it will result in an 80 per cent reduction in trade between the countries, and the ripple effect of that across the board can be catastrophic," she said.

"Tariffs could have a much more harmful impact tha...