The World Trade Organization (WTO) reported 'constructive' discussions this week after China slammed former U.S. President Donald Trump's 'tariff shocks,' warning they could destabilize global trade. The rare public confrontation at a Geneva meeting has tech titans, investors, and economists glued to their screens. 💻📉
'Economic Earthquake' Warning 🌐
China's WTO ambassador, Li Chenggang, accused the U.S. of risking a 'global recession' through unilateral tariffs. 'These shocks distort markets and threaten the rules-based system we built together,' he said in closed-door talks. Meanwhile, U.S. envoy David Bisbee fired back, labeling China's economy 'predatory' and claiming it skirts WTO rules. 🎯
Global Allies Urge Restraint 🤝
Six WTO members, including Malaysia, Russia, and Trinidad and Tobago, joined the talks. Most stressed the need to uphold WTO principles, though no concrete resolutions emerged. This marks the first time the WTO’s top council formally addressed escalating trade tensions—a sign of how high the stakes are. 📈🌪️
What’s Next? 🚀
With new U.S. Trade Representative Jamieson Greer calling the WTO 'deeply flawed,' the institution’s future hangs in the balance. For now, all eyes are on whether these talks can prevent a full-blown trade war 2.0.
