World Trade Organization (WTO)

How will global trade war affect us?

The World Trade Organization evaluated a global trade war scenario and assessed possible consequences, WTO Director General Roberto Azevedo said, addressing the international forum on the Promotion of Trade Facilitation …

China slaps 25% more tariffs on U.S.

China and the United States escalated their acrimonious trade war today, implementing punitive 25% tariffs on $16 billion worth of each other’s goods. The world’s two largest economies have now slapped tit-for-tat …

EU and China announce WTO reform

European Council president Donald Tusk has called for reform of the World Trade Organization, including new rules on industrial subsidies and intellectual property rights, as Europe tries to form a common front with China against …

Russia slaps retaliatory duties on US imports

Russia imposed extra duties from 25 to 40% on import of certain US goods in response to steel and aluminum duties earlier set by the US, the Ministry of Economic Development said. "Compensating measures apply as additional, higher …

Trump wants US to withdraw from WTO

US President Donald Trump has told several top White House officials he wants to withdraw the United States from the WTO, a source said. "He’s [threatened to withdraw] 100 times. It would totally [screw] us …

Russia may impose sanctions on US exports

Russia and Japan have warned they could retaliate against U.S. tariffs on steel and aluminium by imposing sanctions worth almost $1 billion combined, filings published by the World Trade Organization showed. Russia said the U.S. plan …