WTO crucial for resolving global trade tensions, says Italian economist ...Middle East

Speaking to Xinhua, Tirelli, a professor of economics at the University of Roma Tre, warned that the US-initiated trade disputes now impact nearly all major economies, including the European Union (EU), creating significant market uncertainty.

Tirelli criticised the Trump administration’s unilateral trade policies, calling them a rejection of multilateralism.

With the US disengaging from global trade bodies, he urged the EU, China, and other nations to collaborate in upholding the multilateral system, potentially pressuring Washington to rejoin constructive talks.

He also emphasised the strategic value of EU-China cooperation, particularly as the two mark 50 years of diplomatic relations.

Trade with China, he noted, offers the EU competitive advantages in green energy sectors like electric vehicles, while China could benefit from EU expertise in aerospace and fintech.

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