Core Points - The dialogue in Geneva highlighted the negative impact of U.S. tariffs on developing countries, emphasizing the need for solidarity and cooperation among these nations to address trade barriers imposed by the U.S. [1] - The WTO Secretary-General noted that current trade frictions could lead to a long-term decline in global GDP by nearly 7%, with particularly severe effects on developing and least developed countries [2] - Economic experts criticized the U.S. tariff policy as detrimental, arguing that it reflects a zero-sum mentality and could exacerbate economic uncertainty rather than resolve manufacturing challenges [3] Group 1 - The dialogue emphasized that U.S. tariffs undermine sustainable development agendas and violate the principles of a rules-based multilateral trading system [1] - Representatives from various countries called for global cooperation and dialogue as the only viable solution to address global challenges [1] - The meeting's extension indicated the urgency and importance of the discussions surrounding U.S. trade practices [1] Group 2 - The WTO's report stressed that if all economies pursue benefits at the expense of others, the outcome will be detrimental to all parties involved, highlighting the necessity of cooperative trade policies [2] - Chinese officials urged the U.S. to show sincerity in negotiations by preparing to correct its unilateral tariff actions [2] - Investors expressed relief regarding the high-level talks between the U.S. and China, as trade between the two major economies has nearly stagnated, raising concerns about potential shortages in the U.S. [2] Group 3 - Experts in Switzerland argued that the U.S. approach to tariffs is economically illogical and could disrupt resource allocation, leading to increased unemployment and rising prices [3] - The significance of the U.S.-China talks was underscored as a means to ease global trade tensions, which is a positive development for the world [3] - The Swiss perspective reflects a broader concern about the crisis facing the global multilateral trading system due to U.S. tariff actions [3]