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.
Iran’s army said it targeted U.S. military facilities in Bahrain and Kuwait with drone attacks. Tehran said the operations were carried out in retal...
Pakistan has joined a Saudi-led multinational maritime coalition to help protect key shipping routes through the Red Sea and Gulf of Aden, as attacks ...
Thousands of people spent the night on beaches, waiting by fences or wading through the sea in the hope of reaching Europe, as an estimated 49,000 mig...
Saudi Arabia said its overnight strikes on Iran-backed group targets in Iraq were carried out in self-defence and warned it would take further military action if the groups launched new attacks against the kingdom.
The U.S. military said it completed its latest wave of strikes on Iran, a two-hour operation that hit dozens of targets. Washington described the strikes as a "powerful response" to Iranian missile attacks targeting U.S. forces in the Middle East a day earlier.
Thousands of migrants have crossed into the Spanish exclave of Ceuta from Morocco, overwhelming border security and prompting local authorities to call for a national emergency and military deployment.
A fire involving two gas vessels at Egypt's Damietta port has prompted conflicting reports over whether the incident was caused by a drone strike or an onboard technical fault. Egyptian authorities said there were no casualties.
The death toll from the powerful earthquake that struck Japan’s southwestern Kumamoto prefecture has risen to 30, Prime Minister Sanae Takaichi said on Thursday, as water and power shortages left survivors exposed to extreme summer heat.
Thousands of people spent the night on beaches, waiting by fences or wading through the sea in the hope of reaching Europe, as an estimated 49,000 migrants crossed into Spain's enclave of Ceuta in just 24 hours.
Carlos Cordeiro, senior adviser to FIFA president Gianni Infantino, has resigned with immediate effect in protest over proposals to sell a stake in the FIFA World Cup, calling the plan "a bad deal for football."
Ukraine targeted a warehouse belonging to Russia’s largest retailer, Wildberries, and an oil refinery overnight, while Moscow said its forces struck a ship carrying military cargo in the Black Sea.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 31st of July, covering the latest developments.
At least 18 coal miners have been killed and 14 others remain trapped after a powerful methane gas explosion caused part of a mining complex to collapse in Pakistan's southwestern Balochistan province, officials said on Thursday.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment