The EU reacted immediately to the Trump administration’s decision to apply tariffs of 25% and 10% on European steel and aluminium today. The bloc filed a trade complaint against the decision and is initiating a process that will lead to ‘rebalancing’ measures announced several weeks ago. In the meantime, trouble …
WTO crisis and reform
EU to initiate WTO dispute over US tariffs
The EU is set to act on pledges it has made over the last few weeks ahead of the imposition of US tariffs of 25% on steel and 10% on aluminium adopted on national security grounds. “Now that we have clarity, the EU’s response will be proportionate and in …
Japan, US, EU set out action plan on China trade
The EU, the US and Japan agreed a joint action plan aimed at inducing China to cut back its industrial subsidies and to relinquish its restrictive investment and intellectual property policies.
Azevêdo backs Macron’s call for ‘complete update’ of WTO rules
It’s time for the World Trade Organization to be modernised and strengthened, says WTO chief Roberto Azevêdo, backing calls by French President Emmanuel Macron for an overhaul of global trade rules. Macron told leaders at the annual Organisation for Economic Co-operation and Development forum yesterday that the world’s biggest …
Beyond Brussels: US trade measures, WTO member reactions – where we stand
A lot can happen in just a week – and when it comes to trade, most of what’s happening these days involves the US. This week was no exception, as India complained about American duties on steel and aluminium, and the Trump administration initiated a national security probe into automobile …
WTO: With new US envoy comes softer subsidy notifications text
The same day that Dennis Shea was sworn in as the top US envoy to the World Trade Organization, Washington submitted a revised proposal to toughen up rules for countries to meet deadlines for notifying agricultural subsidies and other trade measures. Although there were no changes in the proposed penalties …
US retreat casts shadow over Buenos Aires WTO Ministerial
Despite bright sunny weather, there is a cloud hanging over the World Trade Organization’s headquarters on the shores of lake Geneva.