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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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Washington DC, United States.- Developing countries should seek trade agreements with the United States as quickly as possible to limit the effects of tariffs imposed by Donald Trump, World Bank President Ajay Banga told AFP on Friday. "They need to negotiate trading systems with the United States as soon as possible," Banga said during an interview in Washington. "If they delay, this hurts everyone." Ajay Banga was interviewed outside the sprin…

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www.diariolibre.com broke the news in on Friday, April 25, 2025.
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