Asian economies are projected to remain the largest positive driver of world merchandise trade volume growth in 2025.
GENEVA (AN) — The average U.S. tariff rate has soared to 20.1%, the highest level since the early 1910s, according to new data from the World Trade Organization (WTO) and the International Monetary Fund.
The new figure, calculated by applying the latest tariffs to 2024 trade volumes, prompted a stark warning from WTO on Friday about a potential slowdown in global commerce.
The twin moves reflect an attempt to navigate intense competition between the U.S., China, and the E.U.
A 15% U.S. tariff rate on most European goods is a key point, with specifics on the auto tariffs tied to E.U. lawmaking.
The U.S. tariffs for about 90 countries further undermine the global trade system led by the World Trade Organization.
The declaration underscored that complex global problems demand unified responses and strong political will.
Each U.N. member nation is obliged to have its human rights record examined approximately every four and a half years.
Discussions on broader access for IAEA inspectors are underway, but an agreement has not yet been reached.
The twin moves reflect an attempt to navigate intense competition between the U.S., China, and the E.U.
A vessel chartered by humanitarian groups had 87 rescued people on board when a Libyan patrol boat approached.
