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Seoul, South Korea – 04/04/2025: A large -scale Apec 2025 video and King Sejung’s statue is large in Guvanowmun Square in Central Seoul.
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The 21 economy intergovernmental group, including the United States and China, has warned that their collective growth risked a sharp slowdown because the tariff tension and uncertainty policy weigh investment and trade.
A Asian -Tsocan Economic Cooperation The growth forecast will decrease to 2.6% in 2025, with 3.6% in the previous year.
“From hiking tariffs and retaliation to suspension procedures for promoting trade and distribution of unverified barriers, we see an environment that does not contribute to trade,” said Carlos Kurima, director of the firm APEC Policy Support DivisionAt a meeting in South Korea.
Curia also stated that uncertainty was weighed by business confidence, which led to many firms to delay investment and launching a new product until the situation was “more predictable”.
The collection takes place during the aggressive trade position of US President Donald Trump and massive “mutual” tariffs, offered retaliation to partners. Although the “mutual” tariffs were suspended, the environment remains rich in uncertainty.
Kurim noted that the restoration of confidence in trade requires not only the softening of tensions, but also actions such as strengthening the supply chain stability and increasing transparency of trade rules and procedures.
The comments of former and current trade officials in CNBC also repeated this opinion, emphasizing the importance of predictability in world trade.
Former Canadian Trade Minister Mary NG told “A boxed box as Asia“The fact that companies, entrepreneurs and countries are looking for trade agreements that offer trading partners a certain predictability for doing business with each other.
The NG was the Minister of Trade when Trump introduced 25% of the steel and aluminum aluminum leaves in Canada-and appealed to official advice from the United States to address the tariffs.
“I think we all owe it to our economies, our people, our business, to make their level, to create the right conditions, to predict the rules there, that the business can count on it and they can plan it. That’s what they are looking for by the government.”
Minister of Trade and Investment of Malaysia Tengk Zafrul Aziz, who welcomes the recent de -escalation of trade tensions between the US and China, emphasized the importance of dialogue between the countries.
Malaysia and other ASEAN countries believe in a multilateral trading system based on the rules, he said CNBC.
The CEO of the NGOZI Okonjo-Iwela World Trade Organization also participated
She warned of US-Chita tensions, saying that “if the world is broken into two global trading blocks, we could lose 7% in the global GDP in the long run.”
