World Bank President Ajay Banga urged developing nations to strike trade agreements with the United States “at the earliest possible” opportunity, warning that delays could harm global economic stability amid President Donald Trump’s new tariff policies, according to Breitbart.
“You need to negotiate trade systems with the US at the earliest possible (opportunity),” Banga told AFP during the World Bank and International Monetary Fund Spring Meetings in Washington. “If you delay, it hurts everyone.”
Banga’s comments come as Trump’s administration implements a “baseline”10 percent tariff on most countries, with higher rates on China and sector-specific duties of 25 percent on steel, aluminum, and automobiles not manufactured in the United States. Trump, who returned to office in January, has also imposed higher tariffs on dozens of countries, although some increases have been temporarily suspended.
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