China’s She Slam ‘Bulling’ Host Latum Leaders as Beijing | world News
Tokyo: Global free trade is in crisis, the head of the World Trade Organization Head said on Tuesday meeting Japanese Prime Minister Shigru Ishiba. The Director General of the World Trade Organization, NGOZI Okonjo-Iwela told ISIBA that he had high expectations for Japan as the champion of the open markets as US President Donald Trump has interrupted world commerce along with his rapidly changing tariffs and other policies. “Business is now facing a very challenging time and it’s quite difficult,” he said. “We should try to use the crisis that we have the opportunity to resolve the challenges we have and take advantage of new trends in business.” Japan, as a “champion of the multilateral trading system”, should help maintain, strengthen and improve the WTO, quoted him by the Japanese Foreign Foreign Foreign Foreign Foreign Foreign. They met the United States and China a day later and said that they have agreed to slash the recent sky-high tariffs for 90 days to allow time for talks. Japan is one of the many countries, yet to reach a deal for the American tariff with the Trump administration, including auto, steel and aluminum. The WTO played an important role in the last decades as the US and other major economies made trade liberalization champions, which facilitated the development of global supply chains, many of which are anchored in China. By eliminating several conservationist obstacles to trade, it has assisted Japan and China as an export manufacturing hub to the climb and many other countries. Since taking over second time, Trump has preferred high tariffs to reduce American imports and forces companies to detect factories in the United States, doubled on a business war, which he launched during his first term. The two leaders agreed that the WTO member countries should unite to restore the organization’s ability to face challenges. Japanese officials said that Okonzo-Ivala was visiting Japan to strengthen cooperation between Japan and WTO to strengthen the multilateral trade system. She was also going to meet Foreign Minister Takeshi Evea, Finance Minister Katsunobu Kato and Economy, Trade and Industry Minister Yoji Muto.
