Asia

IMF and World Bank leaders pledge at UN climate summit to work with Donald Trump

Trump, who shuns multilateralism, has promised massive tariff increases on Chinese goods and other imports as part of his “America First” agenda.

The conservative Republican “Project 2025” agenda, from which Trump has distanced himself, calls for U.S. withdrawal from the IMF and World Bank to pursue only bilateral development and financial aid in line with U.S. interests.

Mohamed Jameel Al Ramahi, CEO of UAE green energy group Masdar, said the United States remained a key market, despite changes in political leadership, and the company would continue expanding its footprint there.

“A lot of red states in the US … deploy a lot of renewables. They are very supportive of energy, so we don’t really see any impact, honestly,” he said, referring to Republican-controlled states.

Source: CNA

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