World Trade Organization negotiations aimed at cutting billions of dollars in subsidies that contribute to overfishing have been suspended due to opposition from some countries that are too preoccupied with COVID-19, an internal document showed.
Washington state lawmakers must act to address WTO issues in order to avoid retaliatory tariffs of European Union that would damage Boeing Co and the commercial aircraft industry, the state’s governor Jay Inslee said on Wednesday.
On Tuesday World Trade Organization members agreed to renew a 20-year moratorium on placing tariffs on digital trade for six months, allaying fears that people would have to pay duties on e-books and software for the first time.
President of United States Donald Trump has upended the global trade order with a slew of tariffs on economic rivals: now, Washington has redoubled its efforts to paralyze the very body designed to settle such disputes.
China is seeking $2.4 billion in retaliatory sanctions against the United States for non-compliance with a World Trade Organisation ruling in a tariffs case dating to the Obama era, a document published on Monday showed.
The imposition of tariffs on United States imports of cars would have a bigger impact on the world economy than the U.S.-China trade war has had to date, while a “no deal” Brexit could also weigh on trade growth, the WTO’s chief economist said on Tuesday.
On Thursday stock market of London rose at the open, with share prices of multinationals climbing as the pound dropped in the wake of more Brexit uncertainty. The benchmark FTSE 100 index gained 0.4 percent to 7,219.53 points compared with the close on Wednesday.