US President Donald Trump on Wednesday announced a 90-day pause in reciprocal tariffs for trading partner countries that have not retaliated with higher levies on American goods — such as India — and further hiked the levy on China to 125 per cent for hitting back.
Brazilian President Luiz Inacio Lula da Silva criticised the new tariff regime of the United States, saying Washington's attempt to reshape global trade under US President Donald Trump "won't work" and violates the principles of multilateralism.
With displacements and civilian casualties continuing in Gaza, UN humanitarians pleaded for lifting of the aid blockade and access to the few remaining stocks of food supplies.
Amid warnings of the risks of a recession from the trade war, UN Secretary-General Antonio Guterres says he “sincerely hopes” there won’t be one because of the effects it would have on the poorest.
Iranian Foreign Minister Seyed Abbas Araghchi arrived in Algiers for an official visit, holding talks with senior Algerian officials to discuss bilateral relations and regional developments, including the ongoing conflict in the Gaza Strip.
Foreign ministers from over 25 countries, the African Union, the World Health Organization and World Bank took part in the ministerial meeting.
While the government’s inclination for importation has been blamed for the lackluster performance, there are other major factors at play that have influenced agricultural production.
A joint statement led by the World Bank was issued recently to call for urgent action to address the global food security crisis.
The agreement came at the 9th High-Level Economic and Trade Dialogue held via video link on Tuesday. Chinese Vice-Premier Liu He and Valdis Dombrovskis, executive vice president of the European Commission, co-chaired the doialogue.
Myanmar is not a signatory to the United Nations convention that prohibits the use, stockpiling or development of anti-personnel mines.
