Kimmel returns to ABC, six days after suspension
After a six-day suspension, Jimmy Kimmel Live! is set to return to ABC on Tuesday....
The share of global trade conducted under WTO rules has fallen to 72%, the lowest since the start of the year, as tariffs and geopolitical tensions disrupt international commerce, WTO Director-General Ngozi Okonjo-Iweala says.
The World Trade Organization is facing its “largest disruption to global trade rules, unprecedented in the past 80 years,” Ngozi Okonjo-Iweala said on Tuesday, 2 September.
“Our latest calculations show that about 72% of world trade is still taking place on WTO, most-favoured nation (MFN) tariff terms. That’s amazing,” she said, noting that the figure has fallen from around 80% at the start of the year following higher U.S. import tariffs on most trading partners.
Okonjo-Iweala highlighted the resilience of the system despite tensions.
“The resilience has come about because members have avoided debilitating tit-for-tat retaliatory trade wars,” she said.
The WTO chief warned that tariffs applied for geopolitical or geostrategic purposes could further erode global trade under MFN terms.
“Well, if tariffs are used in a geopolitical and geostrategic manner, there’s nothing we can do about it. But then it will have an impact. That creates a lot of uncertainty,” she said.
While she did not set a target for trade under WTO rules, she urged a balanced perspective.
“I cannot have a target because it depends on what members do. But as long as the majority of trade is taking place on MFN terms, I think we should celebrate that,” Okonjo-Iweala said.
She also addressed U.S. contributions to the WTO, which have recently raised concerns.
“Of course, the announcement is concerning, but we’re working with United States Trade Representative (USTR). The United States remains a valued member. Let’s give it a bit of time and see how we manage,” she said.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
Bill Nye, renowned science educator and television personality, was honored with the 2,821st star on the Hollywood Walk of Fame on Monday, recognising his significant contributions to science education and television.
New Zealand's government has announced two new residency pathways for skilled workers, tradespeople, and technicians, aiming to fill critical workforce gaps and stimulate economic growth.
Uzbekistan Airways has finalized a historic $8.5 billion deal with Boeing to acquire up to 22 Boeing 787 Dreamliners, marking the airline's largest-ever purchase.
After a six-day suspension, Jimmy Kimmel Live! is set to return to ABC on Tuesday.
Several global leaders announced their countries’ recognition of the State of Palestine on Monday during a high-level international conference held on the sidelines of the UN General Assembly.
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