DUBAI: Kuwait’s Prime Minister Sheikh Ahmad Abdullah Al-Ahmed Al-Sabah has warned that US President Donald Trump’s economic decisions would have “repercussions” for the entire world.
Speaking at the World Governments Summit in Dubai on Tuesday, in a departure from his planned speech, the prime minister said listening to Kristalina Georgieva, managing director of the IMF, about the direction of the global economy and AI “was a joy.”
He added: “But I need to ask you all to be very attentive to Trump’s decisions.
“He seems to be only looking for his own benefits which will affect the whole world and there will be repercussions.”
On Monday, Trump increased tariffs on steel and aluminum imports to a flat 25 percent, with no exceptions or exemptions.
Trump said his decision was aimed at supporting struggling American industries. But the action risks triggering a global trade war.
While signing the order at the White House, Trump announced plans to follow Monday’s action with reciprocal tariffs on all countries that levy duties on US goods within the next two days.
He also mentioned considering tariffs on cars, semiconductors and pharmaceuticals.
(Additional reporting from Reuters)
