Chinese Commerce Minister Wang Wentao held urgent video discussions with World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala on Friday, emphasizing the need for international solidarity in trade policy. 🌐 The talks focused on addressing concerns over U.S.-proposed 'reciprocal tariffs,' which Wang warned could 'trigger humanitarian crises' and disproportionately impact developing nations.
💼 'WTO members must resolve differences through mutual respect and equal treatment,' Wang stated, advocating for diplomatic solutions over economic brinkmanship. He highlighted how escalating tariffs could disrupt supply chains like dominos 🎲, affecting everything from smartphone production to food security.
Okonjo-Iweala echoed the call for cooperation, noting the WTO’s commitment to 'inclusive dialogue.' The conversation comes as global markets face increased volatility, with young entrepreneurs and startups particularly vulnerable to trade policy shifts.
For students tracking international economics 📚 and professionals eyeing Asian markets, this high-stakes dialogue reveals both challenges and opportunities in maintaining a balanced global economy.
