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Developing countries should fast-track US trade deals: World Bank president

  • World Bank President Ajay Banga advised developing countries to swiftly negotiate trade systems with the United States.
  • This counsel follows the US leader imposing tariffs since returning to office in January, which disrupted markets.
  • The US applied a 10 percent baseline tariff on most countries and significantly higher duties on China.
  • Banga emphasized that "delay hurts everyone" concerning these trade negotiations.
  • The Bank president also works to lower China's borrowing from the IBRD, agreeing its developing status faces questions.
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www.diariolibre.com broke the news in on Friday, April 25, 2025.
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