UN Chief Stresses Need to Prevent Trade Wars
(MENAFN) UN Secretary-General Antonio Guterres emphasized that all trade wars are destructive and must be prevented, his spokesperson declared on Thursday.
“This is disheartening news,” said Farhan Haq, deputy spokesperson for the UN chief, during a daily briefing in response to questions about the new U.S. tariffs that took effect Thursday.
The secretary-general aims to ensure that all governments understand the necessity of implementing safeguards for the poorest and most vulnerable segments of society during trade wars, as they will undoubtedly bear the brunt of rising prices, the spokesperson said.
The recently imposed U.S. tariffs, affecting dozens of trading partners, became effective Thursday, sparking widespread fears that the increased duties—ranging from 10 percent to 41 percent—could severely disrupt the global trade system.
“This is disheartening news,” said Farhan Haq, deputy spokesperson for the UN chief, during a daily briefing in response to questions about the new U.S. tariffs that took effect Thursday.
The secretary-general aims to ensure that all governments understand the necessity of implementing safeguards for the poorest and most vulnerable segments of society during trade wars, as they will undoubtedly bear the brunt of rising prices, the spokesperson said.
The recently imposed U.S. tariffs, affecting dozens of trading partners, became effective Thursday, sparking widespread fears that the increased duties—ranging from 10 percent to 41 percent—could severely disrupt the global trade system.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research
- What Does The Europe Cryptocurrency Market Report Reveal For 2025?
- Japan Smart City Platform Market To Grow Worth USD 4.8 Billion By 2033 Exhibiting CAGR Of 11.7%
- Bitcoin Adoption On Sui Accelerates As Threshold Network And Sui Launch Phase 2 Of Tbtc Integration
- Japan Ultrasound Devices Market Size Worth USD 887.0 Million By 2033 CAGR Of 5.4%
- Primexbt Launches Empowering Traders To Succeed Campaign, Leading A New Era Of Trading
- Next Generation Management Corp. (OTC: NGMC) Announces Strategic Shift Toward Digital Commerce Acquisitions
More Story
Comments
No comment