WTO: ‘Sharp Rise’ in Tariffs Has Led to More Tensions, Volatility

WTO: ‘Sharp rise’ in tariffs has led to more tensions, volatility

A “sharp rise” in tariffs and escalating geopolitical tensions since October 2024 have contributed to a more volatile trading environment as well as a slew of new talks to negotiate solutions, the World Trade Organization said last week. In its latest Trade Monitoring Update, the WTO assessed the trade policy trends from October 2024 through May, a stretch “characterized by increased trade policy activity and escalating tensions among major trad…

'No winners' in trade, tariff wars, says China as US imposes unilateral tariffs on 14 nations

‘Protectionism hurts interest of all,’ says Chinese Foreign Ministry spokesperson - Anadolu Ajansı

China reaffirms support for WTO, global economic recovery

Chinese Premier Li Qiang stated on Monday that China is willing to collaborate with the global community to help restore the world economy as soon as possible. He made these comments during a meeting with WTO Director-General Ngozi Okonjo-Iweala, held on the sidelines of the 17th BRICS Summit. Li highlighted that global trade is currently facing significant challenges due to increasing unilateralism and protectionism, which have disrupted the in…

Intensified unilateralism, protectionism severely impact int'l economic, trade order, says Premier Li

The global trade landscape has undergone significant changes due to intensified unilateralism and protectionism, which have severely impacted the international economic and trade order, Chinese Premier Li Qiang said on Monday.