China-led WTO seminar formulating response to unilateral tariffs
2025-09-20 10:47:50 source：CGTN
September 20, 2025
A seminar focused on global trade readjustment amid the current trade turmoil was held in Geneva, Switzerland on Thursday as part of the World Trade Organization (WTO) Public Forum 2025.
Organized by China's Shanghai University of International Business and Economics, the seminar discussed the impact of the U.S. unilateral tariff measures on the multilateral trading system and trade among WTO members. It also focused on how the legitimate rights and interests of developing members can be safeguarded by strengthening the multilateral trading system.
Ju Jiandong, a professor with China's Tsinghua University, presented the main results of a quantitative analysis done by his team of the effects of the U.S. tariffs on global trade structures. The analysis predicts that the U.S. "reciprocal tariffs" would lead to a 3.4 percent decline in global trade by the end of 2025, with U.S. imports and exports falling by 19 percent and 12 percent, respectively.
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