The trade dispute between the United States and China could well expand into other areas given the significant “ammunition” the two countries have, the director-general of the World Trade Organization (WTO) said on Wednesday.3 comments
The EU's chief Brexit negotiator Michel Barnier has said he is “strongly” opposed to key parts of Theresa May's proposals for a future trade deal. On Sunday morning the prime minister said she would not compromise on the UK government's Chequers plan.
President Donald Trump has threatened to withdraw the US from the World Trade Organization (WTO) if the body fails to change the way it treats America. “If they don't shape up, I would withdraw from the WTO,” Mr. Trump said in an interview with Bloomberg News.
The United States launched five separate World Trade Organization dispute actions on Monday challenging retaliatory tariffs imposed by China, the European Union, Canada, Mexico and Turkey following U.S. duties on steel and aluminum. The retaliatory tariffs on up to a combined US$28.5 billion worth of U.S. exports are illegal under WTO rules, U.S. Trade Representative Robert Lighthizer said in a statement.
A World Trade Organization (WTO) Panel has ruled against complaints brought by several countries concerning Australia’s tobacco packaging law, which implements the WHO Framework Convention on Tobacco Control and its Guidelines. The panel decided that Australia’s policy on plain packaging is consistent with WTO law.
The World Trade Organization (WTO) has ruled that the European Union (EU) failed to comply with requests to end subsidies for Airbus. US Trade Representative (USTR) said the ruling in the dispute opens the way for placing tariffs on EU goods.
Brazil is pushing for the establishment of rules around Internet data flows and has presented a document on the subject to the World Trade Organization (WTO) to stress the urgency of starting a more objective debate. Amid concerns over Facebook's use of tracking users with pixels, Brazil joins the Netherlands, France, and EC in legal moves.
Major Asian nations reacted sharply to U.S. President Donald Trump's decision to impose tariffs on steel and aluminum imports on Friday, warning of damage to relations amid industry calls for retaliation.
The United States President Donald Trump’s trade chief said on Monday that the World Trade Organization (WTO) is losing its focus on trade negotiations in favor of litigation, and was going too easy on wealthier developing countries such as China.
Australia has criticized UK's post-Brexit trade plans to split quotas of food imports from around the world. EU rules allow for a certain amount of goods to be brought in from countries outside of the Union without charging full tariffs, but after Brexit, the UK and EU want to split these quotas, based on where the goods are mostly consumed.