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I was reminded of the time at the IMF in 2022 when developing country finance ministers asked me if everything was OK in Britain during the mini budget crisis of Liz Truss' government.

WhatsApp also has more than 2 billion users globally, roping in people not only in the United States but across developing countries.

Any money raised from the penalties will be put into a "Net Zero" fund, with money spent on scaling up greener fuels and supporting developing countries.

“We will not get to the kinds of temperature stabilization needed to protect Americans against the worst climate impacts unless we get the cooperation of developing countries,” Light said.

That's something of a relief for these nations, especially developing countries that rely heavily on manufactured goods exports to America.