Your father, a group of 21 economies, warns against slowing growth on commercial tensions

An international government group of 21 economists, including the United States and China, warned on Thursday that its collective growth risks a sharp slowdown, as the tariff tensions and uncertainty in politics raises investment and trade.

the Asia and the Economic Pacific Cooperation Growth predictions to decline to 2.6 % in 2025, from 3.6 % in the previous year.

“Carlos Corama, general manager APEC Policy Support UnitIn a meeting in South Korea.

Kuriyama also said that uncertainty was weighing on business confidence, as many companies lead to delaying investments and launching new products until the situation turns into a “predictable”.

This gathering comes at a time when it called on the trade position of US President Donald Trump and the huge “mutual” definitions of reprisals from the partners. While “mutual” definitions were suspended, the environment remains fraught with uncertainty.

Koreama noted that restoring trust in trade requires relief of tensions, but also requires measures such as enhancing supply chain flexibility and improving the transparency of trade rules and procedures.

CNBC’s former and current commercial officials’ comments have been chanted, while emphasizing the importance of the ability to predict global trade.

Former Canadian Trade Minister Mary Ng toldSquawk box asia“What companies, businessmen and countries are looking for for commercial agreements provides commercial partners with a specific ability to do business with each other.

NG was Minister of Trade when Trump imposed 25 % on steel and aluminum-United States is the largest market in Canada-and has sought an official consultation with the United States to address tariff issues.

“I think we are all owe our economies, and our people, to our business, to better do our level, to create the appropriate conditions environments, so that there is the ability to predict, so that the rules are present, so that work can rely on it and they can plan for that. This is what they look to governments to do.”

The Malaysian Minister of Trade and Investment TAFRUL AZIZ, who welcomed the ridicule of recent trade tensions between the United States and China, stressed the importance of dialogue between countries.

“Malaysia and other Asian countries believe in a bases -based trading system,” CNBC told CNBC.

The Director General of the World Trade Organization also attended Naguzi Occo Euila the event and urged that “there must be a dialogue with the United States to find out why we have reached what we are and what we can do about that.”

She warned of American -Chinese tensions, saying that “if the world is divided into two global trade blocs, we might lose 7 % in the long -term global gross domestic product.”