World Government Summit Discusses AI

The opening session of the World Government Summit (WGS) in Dubai (Asharq Al-Awsat)
The opening session of the World Government Summit (WGS) in Dubai (Asharq Al-Awsat)
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World Government Summit Discusses AI

The opening session of the World Government Summit (WGS) in Dubai (Asharq Al-Awsat)
The opening session of the World Government Summit (WGS) in Dubai (Asharq Al-Awsat)

The governments' adoption of Artificial Intelligence (AI) technologies has become inevitable, which is no longer an option, according to the UAE Minister of Cabinet Affairs and Chairman of the World Government Summit (WGS) Organization, Mohammad al-Gergawi.

Gergawi is expected to witness an upcoming biological revolution surpassing the technological revolution, and 90 percent of media production would be through AI without human intervention.

During his opening session, "A Decade of Change," on the first day of the 10th WGS, Gergawi touched on the refugee crisis, noting that on November 15, 2022, the world crossed the threshold of eight billion people.

The world will witness a radical change in illiteracy and skills, saying illiterates would be those who can't deal with AI technologies.

The Minister indicated that natural disasters cost humanity about $3 trillion, noting that climate change, which could displace more than 1 billion refugees by 2050, costs a $23 trillion loss for the world.

In his keynote speech at the Summit, the Founder and President of the World Economic Forum (WEF) (Davos), Klaus Schwab, stressed the urgency to develop new mechanisms that strengthen international cooperation in today's multipower world.

Schwab also stressed the need for concerted efforts to implement structural transformations within various strategic sectors, including the economy, technology, and politics, in light of the humanitarian crisis the world is witnessing.

He said technological transformation and the Fourth Industrial Revolution would impact the world for years.

"Governments in different parts of the world should play leading roles in keeping pace with changes," Schwab said.

Regarding structural transformations to be witnessed in various vital economic sectors, Schwab said there will be about 10 billion people in need of energy by 2050. He stressed the need to achieve the goals of the Paris Agreement and reach zero carbon emissions.

Schwab pointed to the political changes taking place in the world, which are transforming the globe from a unipolar world to a multipolar world.

Schwab said: "A few years ago, we considered some technologies a science fiction that was difficult to implement, but today it has become a reality that we live through artificial intelligence, new space technology, and industrial biology, which heralds a major change coming during the next ten years, and requires governments to be ambitious in their decisions."

For her part, the director general of the World Trade Organisation, Ngozi Okonjo-Iweala, urged member states to accelerate the delivery of humanitarian aid to crisis-stricken countries and disaster zones to speed the recovery of impacted countries.

Okonjo-Iweala explained that the organization highlighted the importance of accelerating support operations for countries affected by disasters and attributed the decline in trade to global economic shocks.

Concerning trade disputes between member states, Okonjo-Iweala said that 99 percent of the organization's members want to reform the dispute system, which will be accomplished in the future.



China Hits Back at US and Will Raise Tariffs on American Goods from 84% to 125%

An electronic board shows Shanghai and Shenzhen stock indices as people walk on a pedestrian bridge at the Lujiazui financial district in Shanghai, China April 11, 2025. REUTERS/Go Nakamura
An electronic board shows Shanghai and Shenzhen stock indices as people walk on a pedestrian bridge at the Lujiazui financial district in Shanghai, China April 11, 2025. REUTERS/Go Nakamura
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China Hits Back at US and Will Raise Tariffs on American Goods from 84% to 125%

An electronic board shows Shanghai and Shenzhen stock indices as people walk on a pedestrian bridge at the Lujiazui financial district in Shanghai, China April 11, 2025. REUTERS/Go Nakamura
An electronic board shows Shanghai and Shenzhen stock indices as people walk on a pedestrian bridge at the Lujiazui financial district in Shanghai, China April 11, 2025. REUTERS/Go Nakamura

China announced Friday that it will raise tariffs on US goods from 84% to 125% — the latest salvo in an escalating trade war between the world's two largest economies that has rattled markets and raised fears of a global slowdown.

While US President Donald Trump paused import taxes this week for other countries, he raised tariffs on China and they now total 145%. China has denounced the policy as “economic bullying" and promised countermeasures. The new tariffs begin Saturday.

Washington's repeated raising of tariffs “will become a joke in the history of the world economy,” a Chinese Finance Ministry spokesman said in a statement announcing the new tariffs. “However, if the US insists on continuing to substantially infringe on China’s interests, China will resolutely counter and fight to the end.”

China’s Commerce Ministry said it would file another lawsuit with the World Trade Organization against the US tariffs.

“There are no winners in a tariff war,” Chinese leader Xi Jinping said during a meeting with the Spanish Prime Minister Pedro Sanchez, according to a readout from state broadcaster CCTV. “For more than 70 years, China has always relied on itself ... and hard work for development, never relying on favors from anyone, and not fearing any unreasonable suppression.”

Chinese Foreign Minister Wang Yi on Friday said China stands firm against Trump’s tariffs not only to defend its own rights and interests but also to “safeguard the common interests of the international community to ensure that humanity is not dragged back into a jungle world where might makes right.”

Wang made the remarks when he met Rafael Mariano Grossi, director general of the International Atomic Energy Agency in Beijing. Wang said China will “work together with other countries to jointly resist all retrogressive actions in the world.”

Trump's on-again, off-again measures have caused alarm in stock and bond markets and led some to warn that the US could be headed for a recession. There was some relief when Trump paused the tariffs for most countries — but concerns remain since the US and China are the world's No. 1 and No. 2 economies, respectively.

“The risk that this escalating trade war tips the world into a recession is rising as the two largest and most powerful countries in the world continue to punch back with higher and higher tariffs,” Jennifer Lee, a senior economist at BMO Capital markets, wrote Friday. “No one truly knows when this will end.”

Chinese tariffs will affect goods like soybeans, aircrafts and their parts and drugs — all among the country's major imports from the US Beijing, meanwhile, suspended sorghum, poultry and bonemeal imports from some American companies last week, and put more export controls on rare earth minerals, critical for various technologies.

The United States' top imports from China, meanwhile, include electronics, like computers and cell phones, industrial equipment and toys — and consumers and businesses are likely to see prices rise on those products, with tariffs now at 145%.

Trump announced on Wednesday that China would face 125% tariffs, but he did not include a 20% tariff on China tied to its role in fentanyl production.

White House officials hope the import taxes will create more manufacturing jobs by bringing production back to the United States — a politically risky trade-off that could take years to materialize, if at all.