Global Trade System Under Siege Amid Rising Tariffs

U.N. Secretary General Antonio Guterres highlighted the critical challenges faced by the global trade system due to increasing tariffs, especially impacting developing countries. At the U.N. Trade and Development conference, he warned about the risks of trade wars and the potential dismantling of a rules-based trading system.

The global trade system is grappling with significant obstacles arising from increased tariffs, according to U.N. Secretary General Antonio Guterres.

Addressing the U.N. Trade and Development conference in Geneva, Guterres expressed concerns over developing countries bearing the brunt of these challenges.

He cautioned delegates about possible trade wars and the endangerment of the rules-based trading system.

(With inputs from agencies.)