What impact will US unilateral tariffs cause?
1 month, 1 week ago

What impact will US unilateral tariffs cause?

China Daily  

WTO Photo:Xinhua China's Ambassador to the WTO Li Chenggang voiced strong concern at the first 2025 meeting of the WTO's General Council over the US' unilateral imposition of tariffs and their harmful effects on Tuesday, according to the Xinhua News Agency. At the meeting, Li called on the US to remove these measures and urged all parties to take meaningful action to uphold the rules-based multilateral trading system, which resonated deeply with the audience. Li highlighted that such actions blatantly violate WTO rules, heighten economic uncertainty, disrupt global trade, and could even undermine the multilateral trading system built on rules. WTO Director-General Ngozi Okonjo-Iweala urged WTO members to use the WTO as a platform for dialogue and to engage on the issues that are contributing to current global trade tensions, according to the WTO website.

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History of this topic

As global tariff tensions rise, here's the latest on U.S. trade with top partners
2 weeks, 3 days ago

As global tariff tensions rise, here's the latest on U.S. trade with top partners

NPR  

As global tariff tensions rise, here's the latest on U.S. trade with top partners toggle caption Cole Burston/AFP via Getty Images In less than two weeks, President Trump has upended global markets by imposing tariffs on imports from several of America's top trading partners. The United Kingdom Unlike the EU, the U.K. has taken what British Prime Minister Keir Starmer …

World Trade Organization chief says US concerns on tariffs need to be heard
3 weeks, 1 day ago

World Trade Organization chief says US concerns on tariffs need to be heard

Associated Press  

GENEVA — The World Trade Organization chief urged America’s global trading partners on Friday to listen to U.S. concerns about tariffs and engage in dialogue with Washington rather than embrace tit-for-tat measures on tariffs. WTO Director General Ngozi Okonjo-Iweala said it’s important for trade partners not to panic but to embrace dialogue in reaction to President Donald Trump’s threats in …

Trade war heats up: China strikes back at US after Trump's tariffs
3 weeks, 5 days ago

Trade war heats up: China strikes back at US after Trump's tariffs

India Today  

China has responded to the latest round of US tariffs by imposing new duties on American agricultural and food products, reported news agency Reuters. China's commerce ministry said the US tariffs violate World Trade Organization rules and undermine trade relations between the two nations. The US has accused China of allowing chemicals used in fentanyl production to flow into America, …

Donald Trump's tariff strategy leaves WTO powerless amid global trade tensions
1 month, 1 week ago

Donald Trump's tariff strategy leaves WTO powerless amid global trade tensions

Hindustan Times  

The World Trade Organization's entire mission is overseeing global trade, but US President Donald Trump's tariff offensive has left it adrift. The fundamental purpose of the World Trade Organisation is to regulate international trade, but it has become disoriented due to US President Donald Trump's tariff assault. Cedric Dupont of the Geneva Graduate Institute, an international relations professor and an …

‘Vile, unilateralist’: China furious over Trump tariffs, says move aggravated global trade tension
Trending News
1 month, 3 weeks ago

‘Vile, unilateralist’: China furious over Trump tariffs, says move aggravated global trade tension

Firstpost  

The Chinese commerce ministry said on Thursday US tariffs were “vile”, “unilateralist” and exacerbated global trade tensions, after President Donald Trump threatened to heap import duties on major US trading partners A general view of the container terminals at Kwai Chung district in Hong Kong, China on November 28, 2024. Reuters File The Chinese commerce ministry said on Thursday US …

DC Edit | Trump wields tariffs like a geopolitical weapon
Trending News
1 month, 3 weeks ago

DC Edit | Trump wields tariffs like a geopolitical weapon

Deccan Chronicle  

The tariff regime that Donald Trump invoked using his emergency economic powers has the potential to start a trade war which will have consequences for global trade that may be worse than the one that the Covid pandemic wrought five years ago. The US economy itself could suffer a downturn if these tariff bullets being fired from the presidential weapon …

DC Edit | Trump wields tariffs like a geopolitical weapon
Trending News
1 month, 3 weeks ago

DC Edit | Trump wields tariffs like a geopolitical weapon

Deccan Chronicle  

The tariff regime that Donald Trump invoked using his emergency economic powers has the potential to start a trade war which will have consequences for global trade that may be worse than the one that the Covid pandemic wrought five years ago. The US economy itself could suffer a downturn if these tariff bullets being fired from the presidential weapon …

China threatens US with a lawsuit in WTO over Trump tariff
1 month, 3 weeks ago

China threatens US with a lawsuit in WTO over Trump tariff

Firstpost  

The US President on Saturday announced sweeping measures against major trade partners, with goods from China facing an additional 10 percent tariff on top of the duties they already endure. China’s commerce ministry condemned the US move, saying that it “seriously violates” WTO regulations and called for “frank dialogue and stronger cooperation.” The measures, as per a statement from the …

US tariffs 'for fentanyl' violate WTO rules
1 month, 4 weeks ago

US tariffs 'for fentanyl' violate WTO rules

China Daily  

The US Capitol is seen in Washington, DC, the United States, Feb 6, 2024. In order to successfully invoke the exception clauses under the General Agreement on Tariffs and Trade, particularly its Article XX and Article XXI, the US must demonstrate that its tariff measures are necessary and do not constitute arbitrary or unjustifiable discrimination on international trade. Given the …

Trump’s shake-up of world trade: Much ado about nothing?
2 months, 1 week ago

Trump’s shake-up of world trade: Much ado about nothing?

Live Mint  

As Donald Trump prepares to be sworn in as US president on 20 January, an issue uppermost on the minds of policymakers around the world is how to respond to his policies. If he carries out his tariff threats—particularly vis-a-vis America’s largest trade partners Mexico, Canada and China—will we be back to the doomsday scenario of the 1930s, when world …

The GATT-ification of the World Trade Organization
3 months ago

The GATT-ification of the World Trade Organization

The Hindu  

The Geneva-based World Trade Organization, which serves as a multilateral trade referee, is set to miss yet another crucial target of revitalising “a full and well-functioning dispute settlement system” by the end of 2024. The WTO established a comprehensive system of rules governing trade in goods, services, and intellectual property, along with a binding two-tier dispute settlement system featuring an …

The power struggle between MNCs and nation-States
8 months ago

The power struggle between MNCs and nation-States

Hindustan Times  

Multinational corporations have generated significant strength to influence the international political economy, anchored by the nation-state. After the Trump administration’s rolling back on globalisation in favour of protectionism, President Biden has tightened its anti-Chinese trade practices by threatening to ban TikTok or biotech companies like Wuxi AppTec, among others, while at the same time warning McKinsey & Company, which conducts …

US tariff war on China subverts WTO rules
9 months, 1 week ago

US tariff war on China subverts WTO rules

New Indian Express  

This May, the Biden administration unilaterally increased tariffs on 14 Chinese products, including electric vehicles, lithium-ion batteries, semiconductors, solar cells, select medical products, minerals, steel and aluminium, valued at $18 billion. US Trade Representative Katherine Tai argued the action was due to China’s “unfair technology transfer-related policies and practices that continue to burden US commerce and harm workers and businesses.” …

Global governance needs reform for full recovery of world trade
9 months, 2 weeks ago

Global governance needs reform for full recovery of world trade

China Daily  

This file photo shows the World Trade Organization logo in front of its headquarters in Geneva, Switzerland, Oct 28, 2020. Despite improvements in the recovery of global trade in recent months, a slew of factors, including uncertain growth prospects in developed economies such as the United States, rising unilateralism and protectionism, and disruptions to international supply chains, are still posing …

Global governance needs reform for full recovery of world trade
9 months, 2 weeks ago

Global governance needs reform for full recovery of world trade

China Daily  

This file photo shows the World Trade Organization logo in front of its headquarters in Geneva, Switzerland, Oct 28, 2020. Despite improvements in the recovery of global trade in recent months, a slew of factors, including uncertain growth prospects in developed economies such as the United States, rising unilateralism and protectionism, and disruptions to international supply chains, are still posing …

WTO chief insists trade body remains relevant as tariff-wielding Trump makes a run at White House
1 year, 1 month ago

WTO chief insists trade body remains relevant as tariff-wielding Trump makes a run at White House

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The head of the …

WTO flags rising trade barriers, says time to re-globalize
1 year, 6 months ago

WTO flags rising trade barriers, says time to re-globalize

Live Mint  

The World Trade Organization on Tuesday flagged growing fragmentation in international trade with an over-ninefold increase in the number of trade concerns raised in just the last six years. The UN trade body cited unilateral measures like Indonesia’s export restrictions on raw materials, China’s restrictions on gallium and germanium exports, the European Union’s Carbon Border Adjustment Mechanism and other EU …

Washington a threat to multilateral trading system
1 year, 7 months ago

Washington a threat to multilateral trading system

China Daily  

A logo is seen at the World Trade Organization headquarters before a news conference in Geneva, Switzerland, Oct 5, 2022. These actions have seriously undermined the core values and basic principles of the WTO, violated the US' international obligation to comply with WTO rules, and severely challenged the multilateral trading system and harmed shared interests of the WTO members. Based …

WTO looks to reach trade deals with its fate on the line
2 years, 9 months ago

WTO looks to reach trade deals with its fate on the line

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. For the first time in 4 1/2 years, after …

Premier Li meets with WTO director-general via video link
3 years, 3 months ago

Premier Li meets with WTO director-general via video link

China Daily  

Premier Li meets with WTO director-general via video link BEIJING — Premier Li Keqiang met with World Trade Organization Director-General Ngozi Okonjo-Iweala via video link on Dec 3. Premier Li Keqiang meets with Ngozi Okonjo-Iweala, director-general of the World Trade Organization, via video link in Beijing, capital of China, Dec 3, 2021. Premier Li said China supports safeguarding the authority …

How US has weakened WTO: The multilateral trading system is under stress, member countries must repair it
3 years, 10 months ago

How US has weakened WTO: The multilateral trading system is under stress, member countries must repair it

Times of India  

As we prepare to enter post-Covid-19 era, an important question concerns the future of the global trading system, which has been under stress since well before the onset of the dreadful pandemic. Though global merchandise trade took a significant hit in the first half of 2020 and fell as much as 15% in the second quarter, it exhibited astonishing recovery …

US-China trade war: WTO says American tariffs on Beijing in 2018 broke global trade rules
4 years, 6 months ago

US-China trade war: WTO says American tariffs on Beijing in 2018 broke global trade rules

Firstpost  

The Donald Trump administration has continued to play an active role in the World Trade Organisation, but many of Trump’s biggest trade offensives over the past three years have bypassed the organisation’s rules Washington: A World Trade Organisation panel said on Tuesday that the United States violated international trade rules by imposing tariffs on China in 2018 in the midst …

WTO Says US Breached Global Trade Rules by Imposing Tariffs on China
4 years, 6 months ago

WTO Says US Breached Global Trade Rules by Imposing Tariffs on China

News 18  

The World Trade Organization found on Tuesday that the United States had breached global trading rules by imposing multi-billion dollar tariffs in President Donald Trump’s trade war with China, a ruling that drew anger from Washington. But the WTO’s three-person panel said the US duties broke trading rules because they applied only to China and were above maximum rates agreed …

US violated trade rules with tariffs against China: WTO
4 years, 6 months ago

US violated trade rules with tariffs against China: WTO

Live Mint  

The World Trade Organization said that US tariffs on Chinese goods violate international rules, undermining President Donald Trump’s trade war against Beijing that’s seen Washington put tariffs on more than $550 billion of China’s exports. China claimed the tariffs violated the WTO’s most-favored treatment provision because the measures failed to provide the same tariff treatment that the US provides to …

WTO cuts outlook for global trade growth to lowest in a decade
5 years, 5 months ago

WTO cuts outlook for global trade growth to lowest in a decade

Live Mint  

The World Trade Organization cut its global trade growth forecast for this year to the weakest level in a decade, warning that further rounds of tariffs in an environment of heightened uncertainty could spark a “destructive cycle of recrimination.” The volume of merchandise trade will increase by 1.2% this year and 2.7% next year, after a 3% advance in 2018, …

WTO chief hopes Trump and Xi meet at G20 to resolve trade issues
5 years, 9 months ago

WTO chief hopes Trump and Xi meet at G20 to resolve trade issues

Al Jazeera  

WTO director general says G20 economies are imposing trade barriers at a rate well above the historical average. World leaders meeting in Japan next week must take real action on trade and not simply renew their call for easing of trade tensions, World Trade Organization Director-General Roberto Azevedo told reporters on Thursday. A meeting between United States President Donald Trump …

China’s Position on the China-US Economic and Trade Consultations
5 years, 9 months ago

China’s Position on the China-US Economic and Trade Consultations

China Daily  

The State Council Information Office of The People’s Republic of China Contents Preface I. In response to the economic and trade friction unilaterally initiated by the US since March 2018, China has had to take forceful measures to defend the interests of the nation and its people. Turning a blind eye to China’s unremitting efforts and remarkable progress in protecting …

China’s Position on the China-US Economic and Trade Consultations
5 years, 9 months ago

China’s Position on the China-US Economic and Trade Consultations

China Daily  

The State Council Information Office of The People’s Republic of China Contents Preface I. In response to the economic and trade friction unilaterally initiated by the US since March 2018, China has had to take forceful measures to defend the interests of the nation and its people. Turning a blind eye to China’s unremitting efforts and remarkable progress in protecting …

Donald Trump’s China tariffs likely to be investigated by the WTO
6 years, 2 months ago

Donald Trump’s China tariffs likely to be investigated by the WTO

Live Mint  

Tensions between the US and China are about to get more complicated, with the World Trade Organization poised to begin an investigation into President Donald Trump’s tariffs on $250 billion of Chinese goods. “This WTO case is especially significant because it deals with the central international legal issue in the US conduct of its trade war with China — whether …

US and China trade barbs at WTO amid calls for reform
6 years, 3 months ago

US and China trade barbs at WTO amid calls for reform

Live Mint  

Geneva: The United States said on Monday that China’s “unfair competitive practices” were harming foreign companies and workers in a way that violates World Trade Organization rules, but vowed to lead reform efforts. US trade ambassador Dennis Shea drew fire from Chinese envoy Zhang Xiangchen who said the Trump administration’s tariffs on steel and aluminium products allowed protectionism under the …

Opinion | The WTO: Is it all over or can something be done?
6 years, 5 months ago

Opinion | The WTO: Is it all over or can something be done?

Live Mint  

Is the World Trade Organization in trouble? Previous US administrations have had their problems with the WTO, especially with its negotiating process which is based on consensus, and can prevent trade negotiations from moving forward if even one country objects. The Ottawa meeting reaffirmed the importance of a “rules based multilateral trading system” and stressed the “indispensable role the WTO …

Trade chiefs discuss WTO reform, without China and the US
6 years, 5 months ago

Trade chiefs discuss WTO reform, without China and the US

Live Mint  

Geneva: A group of global trade chiefs is meeting to start setting a reform agenda for the World Trade Organization, though it’s unclear how far they can take the effort with the US and China excluded from talks. “We’re convening a very important meeting of a group of 12 countries that represent every continent -- all of whom believe in …

US and China kick off new tariffs on imports amid talks aimed at stopping trade war
6 years, 7 months ago

US and China kick off new tariffs on imports amid talks aimed at stopping trade war

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The US and China have …

What is the WTO? Inside the global trade organization Donald Trump wants to pull out of
6 years, 8 months ago

What is the WTO? Inside the global trade organization Donald Trump wants to pull out of

Salon  

This article was originally published on The Conversation. History of the WTO Creation of the Geneva-based WTO in 1995 was the culmination of a 50-year effort spearheaded by successive U.S. governments to establish and secure a rules-based multilateral trade regime. Before World War II, European powers imposed harsh trade restrictions against countries outside their empires, which hurt U.S. exporters substantially. …

Global economy in jeopardy because of trade war between US, China and EU, warns WTO
6 years, 8 months ago

Global economy in jeopardy because of trade war between US, China and EU, warns WTO

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy An escalating trade war between …

US-China trade impasse shows no signs of easing as G-20 meets
6 years, 11 months ago

US-China trade impasse shows no signs of easing as G-20 meets

Live Mint  

Washington: Global finance chiefs hoping to diffuse trade tensions aren’t making much headway at meetings in Washington so far, even as they pressure the US and China to refrain from any sudden unilateral actions. “The US needs to be letting go of unilateral pressures to achieve its goals.” Officials at the G-7 meeting expressed concerns to Treasury Secretary Steven Mnuchin …

US tariffs battle with China threatens global trade growth, warns WTO
6 years, 11 months ago

US tariffs battle with China threatens global trade growth, warns WTO

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. According to the WTO’s figures, the volume of world …

US-China 'trade war' escalates: Beijing imposes new tariffs on US goods as Trump readies to hammer Chinese imports
6 years, 11 months ago

US-China 'trade war' escalates: Beijing imposes new tariffs on US goods as Trump readies to hammer Chinese imports

Firstpost  

China, in a tit-for-tat response to US president Donald Trump’s tariffs on imports of steel and aluminum, raised import duties on a $3 billion list of US pork, fruit and other products. Trump to unveil China tariff list, targeting tech goods The Trump administration this week will unveil the list of Chinese imports targeted for US tariffs to punish Beijing …

The US hegemony and multilateral trading system
7 years ago

The US hegemony and multilateral trading system

Live Mint  

The ugly dance of the global hegemon continues to cause considerable turmoil in the multilateral trading system. Liberal pundits of the establishment, including the voice of the liberal trade order The Economist, described Trump’s actions as a “threat to world trade” and “the rules-based system”. “For the first time in decades,” it says in a leader on 10 March, the …

'Trade wars are good,' says Donald Trump, defies global concern over US tariffs on steel and aluminium
7 years ago

'Trade wars are good,' says Donald Trump, defies global concern over US tariffs on steel and aluminium

Firstpost  

US President Donald Trump struck a defiant tone on Friday, saying trade wars were good and easy to win after his plan to put tariffs on steel and aluminum imports triggered threats of retaliation from trading partners and a slide in stock markets. Washington: US President Donald Trump struck a defiant tone on Friday, saying trade wars were good and …

WTO ratifies first multilateral trade deal
8 years, 1 month ago

WTO ratifies first multilateral trade deal

Live Mint  

Geneva: The first multilateral deal agreed at the World Trade Organization came into force on Wednesday, a step billed as a milestone for the body facing unprecedented threats from a hostile US administration. WTO chief Roberto Azevedo said that TFA was estimated to trim global trade costs by more than 14% and could boost global growth by half a percentage …

Will global trade fall victim to Trump’s whims?
8 years, 2 months ago

Will global trade fall victim to Trump’s whims?

Live Mint  

After months of incessant threats and belligerent postures, he will be finally anointed today as the 45th President of the United States. But Trump’s public liaison official Anthony Scaramucci told participants at the World Economic Forum meeting in Davos on 17 January that Trump remains committed to free trade. Last week, trade envoys held luncheon meetings to assess the likely …

WTO chief won’t debate Trump, but rallies support for trade
8 years, 8 months ago

WTO chief won’t debate Trump, but rallies support for trade

Live Mint  

Geneva: The head of the World Trade Organization said on Wednesday he would not get into an argument with US Presidential candidate Donald Trump, who has described the global trade body as a “disaster” and threatened to quit it. He said he had warned before Britain’s referendum last month of the risks of leaving the European Union, saying it would …

WTO sides with China on US trade tariff case[1]- Chinadaily.com.cn
10 years, 8 months ago

WTO sides with China on US trade tariff case[1]- Chinadaily.com.cn

China Daily  

China won support from the World Trade Organization in challenging United States trade measures against Chinese products, while experts warned about underlying trade friction between the world's two biggest economies. "The ruling marks one more victory for China in challenging discriminatory US countervailing duties on Chinese products. He added that the ruling will "directly shake the legal basis of imposing …

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