Posts filtered by tags: World Trade Organization[x]


China Is Perfectly Prepared to Fight the Last Virus

(Bloomberg Opinion) -- China has a bigger and more sophisticated toolbox to combat any economic slowdown from the coronavirus than in 2003, when it battled the SARS pandemic. The challenge now is a worsening backdrop both domestically and abroad, and how both hamper the effectiveness of Beijing's response.It's hard to be precise about the damage given the situation is still unfolding. Bloomberg Economics is likely to downgrade its projection for China’s first-quarter growth from its curr...
Tags: News, China, Bloomberg, Iran, Beijing, World Trade Organization, North America, George W Bush, Bloomberg LP, Wuhan, Pboc, Bloomberg News, Treasury Department, People 's Bank of China, Asia Europe, Bloomberg Economics

Trump says will meet with WTO chief, promises 'dramatic' steps

U.S. President Donald Trump on Wednesday vowed dramatic action with the World Trade Organization, saying the group's director general would visit Washington as soon as next week, but giving no other details.
Tags: Money, Washington, businessNews, World Trade Organization, WTO, Donald Trump, Trump

FAQ: The U.S.-China ‘Phase One’ trade agreement

FAQ: The U.S.-China ‘Phase One’ trade agreement On Wednesday, President Donald Trump and Chinese Vice-Premier Liu He signed “Phase One” of a two-part trade agreement between the United States and China. Here are the facts you need to know. What does the new trade deal mean for both countries? The agreement cools, or at least pauses, the 18-month-long trade war between the two nations. The world’s two largest economies commit to opening their markets: The ...
Tags: China, Religion, Eu, Beijing, United States, World Trade Organization, Chinese communist party, Donald Trump, Huawei, Cnbc, Trump, Ben, Congressional, Liu, Capital Economics, USTR

Europe Threatens Legal Challenge to U.S.-China Trade Pact at WTO

(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. The European Union said the preliminary U.S.-China trade agreement could violate World Trade Organization rules and held out the prospect of a legal challenge.EU Trade Commissioner Phil Hogan said his team will scrutinize whether China’s pledge to increase purchases of U.S. goods and services by at least $200 billion over the next two years is WTO-compatible. The commitment is includ...
Tags: Europe, News, Washington, China, Eu, Bloomberg, European Union, World Trade Organization, WTO, Brussels, Trump, Hogan, EU Trade, Phil Hogan, Ben Sills, Bloomberg Terms of Trade

The World Is Becoming Less Stable. To Fix It, We Must Learn How to Work Together Again

Global risks that were once on the horizon are now at the doorstep. T he effects of climate change are more pronounced: the last five years have been the hottest on record and extreme weather events—such as super storms, droughts, and heatwaves—have occurred across every continent. What were warning signs on the economy are now reality. The steady global recovery in the aftermath of the 2008 financial crisis has given way to what the International Monetary Fund (IMF) has referred to as a...
Tags: Europe, News, China, Uncategorized, World Trade Organization, Un, Imf, World Economic Forum, Don, International Monetary Fund IMF, nio Guterres, Africa Continental Free Trade Area, Franco German Alliance for Multilateralism

China Faces Stepped-Up Calls to Slash Trade-Distorting Subsidies

(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. China came under greater international pressure to reduce industrial subsidies after the U.S., Europe and Japan agreed to push for stronger World Trade Organization rules against market-distorting government aid.The top trade officials of the U.S., the European Union and Japan struck a deal on Tuesday in Washington to expand the kinds of subsidies prohibited by the WTO. The announcem...
Tags: Europe, Japan, News, Washington, White House, China, Eu, European Union, Beijing, World Trade Organization, WTO, Geneva, Brussels, OECD, Donald Trump, Trump

Trump's proposed wine tariffs will hurt Americans

In coming weeks, the Trump administration will decide whether to make good on its suggestion to levy tariffs up to 100% on many European goods, including Scotch whisky, French handbags, olive oil, a wide range of cheeses -- and, especially, wine. The move would retaliate for two unrelated trade fights: a World Trade Organization ruling that Airbus got an unfair boost from EU governments providing it excessive subsidies at Boeing's expense, and a French tax on digital services, aimed at making co...
Tags: Google, Facebook, News, Eu, World Trade Organization, Stories, Airbus, Boeing, Trump

The US has undermined a trade system that worked for decades

The Great Depression of 1929 has been the most studied incident in international economics. The economic weakness of some countries spread to others, and there is almost universal agreement that the reason was the imposition of tariffs between them. Attempting to preserve jobs domestically, some countries kept out imports from other countries and subsidized their own exports as well. It wasn’t long before the countries targeted by such practices retaliated. Cycles of retaliatory tariffs ensued. ...
Tags: Congress, Opinion, Mexico, France, China, US, America, Sport, Canada, Soccer, World Trade Organization, WTO, Central America, Stanford University, Tom Campbell, Chapman University

U.S.-EU Trade Talks Vexed by Drums of a Real War

(Bloomberg) -- Want to receive this post in your inbox every day? Sign up for the Terms of Trade newsletter, and follow Bloomberg Economics on Twitter for more.The drums of war beating in Washington sound a lot more ominous than the kind accompanying tariff threats.That doesn’t mean the escalating tensions between the U.S. and Iran won’t have consequences for other relationships or global trade. They could well contribute to the revival of trade conflicts that markets have convinced themselves a...
Tags: Europe, News, Washington, France, China, Germany, Eu, Bloomberg, European Union, Turkey, Iran, Atlantic, World Trade Organization, WTO, Airbus, Boeing

EU Trade Chief Plans January U.S. Trip in Bid to Ease Tensions

(Bloomberg) -- The European Union’s new trade chief plans to visit Washington on Jan. 14-16 a bid to repair transatlantic relations frayed by U.S. measures against imports from the bloc and its attacks on the global commercial order.Phil Hogan will meet U.S. Trade Representative Robert Lighthizer to discuss disputes including an American threat to hit $2.4 billion of French goods with tariffs in retaliation over a digital-services tax in France.The U.S. alleged on Dec. 2 -- the day after Hogan b...
Tags: Europe, News, Washington, France, China, Eu, European Union, Iran, World Trade Organization, WTO, Brussels, Donald Trump, European Parliament, Trump, Hogan, Amazon com Inc

Crisis At The WTO

David Greene talks with Chad Bown of the Peterson Institute for International Economics about the crisis at the World Trade Organization amid global trade deals and disputes.
Tags: News, World Trade Organization, WTO, David Greene, Peterson Institute for International Economics, Chad Bown

U.S. files appeal into WTO system it has broken

The United States on Wednesday fell foul of its own actions that have weakened the World Trade Organization after it filed an appeal in a steel dispute with India, even though WTO adjudicators are no longer able to handle such a case.
Tags: Money, India, businessNews, United States, World Trade Organization, WTO

U.S. House panel approves non-binding resolution voicing support for WTO

The U.S. Ways and Means Committee on Tuesday approved a resolution to affirm the U.S. commitment to the World Trade Organization but calling for longstanding concerns with the WTO's appellate body to be addressed.
Tags: Money, businessNews, World Trade Organization, WTO, U S House, U S Ways and Means Committee

Indonesia sends request for consultations to WTO over EU biodiesel policy

In Indonesia, following warnings that it wouldn’t take the European Union’s policy against palm oil in biofuels sitting down, Reuters reports that Indonesia has officially sent a request for consultations to the World Trade Organization, the first step in a complaint, on December 9. The consultation process lasts 60 days and if no resolution is found, the European Commission can request the WTO open a dispute panel to make a decision. The new EU ambassador to Indonesia told the Jakarta Times ne...
Tags: Indonesia, Eu, European Union, Policy, World Trade Organization, European Commission, WTO, Biodiesel, Reuters, Jakarta Times

Indonesia files WTO palm oil suit as tensions with EU rise

Indonesia has filed a lawsuit at the World Trade Organization against the European Union, claiming the bloc's restrictions on palm oil-based biofuel are unfair in the latest in a series of disputes between the two sides.
Tags: Money, Indonesia, Eu, European Union, businessNews, World Trade Organization, WTO

Might Makes Right? Donald Trump Damages America By Defanging WTO

On Wednesday, the World Trade Organization will be effectively rendered useless at the will of Donald Trump. With the United States having profited from the WTO more than most, his attacks make little sense.
Tags: United States, World Trade Organization, WTO, Donald Trump

Britain’s Labour Party Says Prime Minister Boris Johnson Has Undertaken ‘Secret’ Trade, Drug Pricing Negotiations With U.S.

(LONDON) — The leader of Britain’s main opposition party, Jeremy Corbyn, accused Prime Minister Boris Johnson of secretly negotiating the basis of a trade deal with the United States ahead of the country’s departure from the European Union — including a contentious plan to extend patents for American drug companies. The Labour Party’s Corbyn showed 451 pages of documents at a press conference Wednesday, declaring that they covered six rounds of negotiations beginning in July 2017 — prelimin...
Tags: Europe, London, News, Uncategorized, Eu, European Union, Bbc, Humira, Britain, United States, NHS, Labour, World Trade Organization, National Health Service, Boris Johnson, Johnson

You can’t save the world if you can’t get recycling right

Recycling is garbage. That’s rapidly becoming the only logical conclusion to draw from a series of failed and failing policies that seem to be throwing your money in the trash. While it may be heresy even to think such thoughts — a mob of angry kindergartners may try to burn me as a witch — it may be time to rethink the whole idea that recycling is saving the planet. Recyclables are ending up in landfills. In July 2017, China notified the World Trade Organization that it would impose strict new ...
Tags: California, Opinion, China, Los Angeles, Sport, Soccer, World Trade Organization, Michael Bloomberg, Los Angeles City Council, Bernie Sanders, Consumer Watchdog, Replanet, Company, Tom Campbell, Susan Shelley, Opinion columns

A U.S. Offer to Keep the WTO Alive Comes With Painful Conditions

(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. The Trump administration, which threatened this month to block the World Trade Organization’s 2020 budget, offered members a proposal that would allow it to continue operating, but would hamstring the WTO’s appellate body, which officiates disputes that affect billions of dollars in commerce every year.The U.S. said it would back the 197.2 million-Swiss franc ($197.6 million) budget ...
Tags: News, Washington, Bloomberg, World Trade Organization, WTO, Geneva, Norway, Trump, U S Trade Representative, Brendan Murray, European Union Canada, Bloomberg Terms of Trade, Bryce Baschuk, WTO Spokesman Keith Rockwell, Geneva While, Samuel Dodge

G20 has put up 'historically high levels' of trade barriers - WTO

G20 economies slapped on 28 new barriers between mid-May and mid-October covering trade worth an estimated $460.4 billion, mainly via tariff increases and import bans, the World Trade Organization said on Thursday.
Tags: Money, businessNews, World Trade Organization, WTO

Here are the power players at Amazon and Microsoft who will play a key role in their battles over the government cloud market, which could be worth $100 billion (AMZN, MSFT)

The Pentagon selected Microsoft for JEDI, a contentious $10 billion cloud computing contract, but Amazon isn't giving up without a fight. Amazon started the process to protest that decision, citing "unmistakable bias" stemming from President Donald Trump's "disdain" for the company and CEO Jeff Bezos. Regardless of the outcome of that dispute, there's still billions of dollars in government cloud contracts up for grabs. One expert estimates government spending on cloud computing will reach $10...
Tags: Amazon, Microsoft, Washington Post, Washington, White House, Satya Nadella, Azure, Defense, US, Barack Obama, Trends, Department Of Defense, World Trade Organization, Leonardo Dicaprio, Aws, Geneva

China Can Hit U.S. Goods With Sanctions Worth $3.6 Billion, Says World Trade Organization

The decision allows China to choose the products and sectors to impose tariffs
Tags: News, China, Uncategorized, World Trade Organization, Trade, Onetime

China beats US in WTO case, can hit America with $3.5B sanctions

The World Trade Organization said Friday that China can impose tariffs on up to $3.6 billion worth of U.S. goods over the American government's failure to abide by anti-dumping rules.
Tags: Finance, China, US, America, Article, World Trade Organization, WTO, Associated Press, FBN, Fbn/markets, Fox-business/markets/china, Fox-business/markets/economy, 294bc0f6-51b8-5941-b529-d95cd5e0e5f1

Trade body: China can hit US with sanctions worth $3.6 bln

GENEVA (AP) — The World Trade Organization said Friday that China can impose tariffs on up to $3.6 billion worth of U.S. goods over the American government’s failure to abide by anti-dumping rules with regard to Chinese products. The move hands China its first such payout at the trade body at a time when it […]
Tags: Business, News, China, US, Ap, Nation, World Trade Organization, Geneva

United States: Tech Groups Pitch Priorities For WTO E-Commerce Trade Talks - Akin Gump Strauss Hauer & Feld LLP

At the World Trade Organization's (WTO's) 2019 Public Forum last week—where members of the public, academia and civil society
Tags: News, United States, World Trade Organization, WTO, Gump Strauss Hauer, Feld LLP, WTO E Commerce Trade Talks Akin

Prime Minister Jeremy Corbyn? The Markets Say No

(Bloomberg Opinion) -- At last we have a date for the inevitable U.K. general election, or at least a range of probable dates: Dec. 9 to Dec. 12. The opposition Labour Party has agreed to back the ruling Conservative Party’s legislation for an early election, which will be put to Parliament on Tuesday. The pound’s instant reaction was to strengthen versus the dollar, a somewhat surprising response to would will be a fevered six weeks of opinion polls and uncertainty (assuming there are no last-m...
Tags: London, News, Eu, Bloomberg, European Union, Britain, Theresa May, Labour, Liberal Democrats, World Trade Organization, Boris Johnson, Parliament, Johnson, Conservative Party, Labour Party, Bloomberg LP

USDA, DOE sign major MOU to promote rural energy, advance rural communities, domestic manufacturing.

In Washington, U.S. Department of Agriculture Deputy Under Secretary Donald “DJ” LaVoy and U.S. Department of Energy Under Secretary of Energy Mark W. Menezes today announced a Memorandum of Understanding between the two departments to promote rural energy and the development of technologies that will support and advance rural and agricultural communities and domestic manufacturing. The deal The signed MOU, which was required under section 6501 of the 2018 Farm Bill, will enhance collaboratio...
Tags: Energy, Washington, White House, America, Usda, United States, Top Stories, Federal Communications Commission, World Trade Organization, Silicon Valley, States, Faa, Perdue, DOE, Department Of Energy, Rural America

Malaysia and Indonesia confirm WTO complaint against Europe will be filed by year’s end

In Malaysia, Reuters reports that Malaysia’s primary industries minister said that her country together with Indonesia will file their official complaint against the European Union’s policy against palm oil in biofuel at the World Trade Organization’s dispute settlement body before year’s end. An outspoken Member of European Parliament from the Greens recently challenged the countries to file the complaint, sure that the WTO will rule in the EU’s favor on environmental grounds, saying “bring it ...
Tags: Europe, Indonesia, Eu, European Union, Policy, Malaysia, World Trade Organization, WTO, Greens, European Parliament, Reuters

German camera lenses could soon become 25% more expensive

After a 15-year-long dispute, The World Trade Organization approved that the United States can impose trade sanctions on some products from the EU. The US is about to apply $7.5 billion in punitive tariffs on the EU products. Among other things, it will affect German camera lenses, making them 25% more expensive. If you’d like […] The post German camera lenses could soon become 25% more expensive appeared first on DIY Photography.
Tags: Photography, Usa, News, Germany, US, Eu, German, United States, World Trade Organization, Lenses, Import

EU Sends U.S. New Warning of Retaliatory Tariffs Over Boeing Aid

(Bloomberg) -- The European Union pledged to impose tit-for-tat tariffs against the U.S. in a longstanding transatlantic dispute over illegal aid to aircraft manufacturers.The renewed vow by European trade chief Cecilia Malmstrom came as President Donald Trump’s administration triggered duties on $7.5 billion of EU goods ranging from planes to spirits in retaliation over market-distorting subsidies to Airbus SE.Malmstrom said the EU would apply its own levies on a range of U.S. products “in due ...
Tags: News, Eu, World Trade Organization, WTO, Brussels, Donald Trump, Boeing, Trump, Boeing Co, Malmstrom, Brussels Europe, Cecilia Malmstrom, Ben Sills, Jonathan Stearns, Bloomberg The European Union, Airbus SE Malmstrom