The World Trade Organization held talks in Geneva, where six countries discussed U.S. tariff hikes, with China criticizing them as "tariff shocks" that could destabilize global trade.
The World Trade Organization and six countries have found talks in Geneva on Wednesday about recent trade tensions. The main topic of discussion was about the recent tariff hikes by the United States.
China has sharply criticized the recent U.S. tax hikes, describing them as "tariff shocks" that could destabilize the global trading system.
The comments come as U.S. President Donald Trump announced 25 percent tax hikes on imports of aluminium and steel, and autos to the U.S which begin next month.
The World Trade Organization met with other countries in Geneva on Wednesday, to discuss their concerns over Trump's tariff policies.
The WTO says the talks were 'constructive'.
U.S. dismissed China’s criticism, referring to the country’s economic system as a "predatory non-market economic system."
Trade tensions between Washington and Beijing at the WTO existed before Trump took office. However, less than a month after returning to the White House, Trump imposed 10% tariffs on all Chinese imports, prompting China to retaliate with new levies on key U.S. exports.
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Russia has said it is ready to act as a mediator between Iran and the United States as tensions escalate over protests in Iran and warnings of possible military action.
Iran reopened its airspace late on Wednesday after a near five-hour closure that disrupted airline traffic, amid heightened concerns over possible military escalation involving the United States.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 15th of January, covering the latest developments you need to know.
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Saudi Arabia has informed Iran that it will not allow its territory or airspace to be used for any military action against Tehran, according to two sources close to the kingdom’s government cited by AFP.
Sweden is sending a group of military officers to Greenland at Denmark’s request, Prime Minister Ulf Kristersson said on Wednesday, as Nordic countries and NATO allies step up coordination around the Arctic territory.
Israel and Arab States have urged the U.S. to delay any potential military action against Iran, warning that such a move could undermine ongoing protests inside the country, according to NBC News.
Romania has reiterated its openness to discussions on a potential unification with neighbouring Republic of Moldova, following recent remarks by Moldova’s president.
Canada and China have signalled a reset in bilateral relations during Prime Minister Mark Carney’s first official visit to Beijing, with both sides highlighting progress toward closer cooperation after years of strained ties.
A SpaceX capsule carrying a four-member crew home from orbit in an emergency return to earth necessitated by an undisclosed serious medical condition afflicting one of the astronauts splashed down safely early on Thursday (15 January) in the Pacific Ocean off California.
The foreign ministers of Iran and India have held high-level talks by telephone, discussing bilateral ties as well as a range of regional and international issues, against the backdrop of continuing tensions in the Middle East.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 15th of January, covering the latest developments you need to know.
A crane collapse at a construction site near Bangkok has killed two people and injured five others on Thursday, Thai police said, a day after a separate crane accident derailed a train in northeastern Thailand, killing dozens.
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