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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.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
Kuwait says oil prices will likely stay below $72 per barrel as OPEC monitors global supply trends and U.S. policy signals. The remarks come during market uncertainty fueled by new U.S. tariffs on India and possible sanctions on Russia.
Microsoft has dismissed four employees for protesting against its ties to Israel, including two who staged a sit-in at the office of company president Brad Smith this week.
Indian Prime Minister Narendra Modi arrived in Tokyo on Friday for a two-day summit, aiming to strengthen strategic and economic ties with Japan during growing U.S. trade pressures.
Ukrainian President Volodymyr Zelenskyy urged European leaders to define clear security guarantees for Ukraine during a virtual meeting, stressing the need for unity and stronger pressure on Russia amid ongoing war.
Venezuelan President Nicolas Maduro on Thursday (August 28) praised Colombian President Gustavo Petro for deploying 25,000 troops to strengthen security in the Catatumbo region, a key area along the shared border between the two countries.
Protesters in Jakarta again confronted police on 28 August, expressing outrage over lawmakers’ high salaries and perks. The unrest turned tragic when a motorcyclist was killed by a police vehicle, leading President Prabowo Subianto to call for calm and launch an investigation.
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