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The Latest Breaking News from WTO

The US sells more to Brazil than it buys – but Trump is slapping steep tariffs on its exports anyway

President Donald Trump has generally tried to justify his tariffs by asserting that they can help narrow the trade deficits the U.S. runs with most of the world. That argument is based on the fact that nearly all countries sell Americans more than they buy from the United States.

The Conversation

School Assembly News Headlines, September 16, 2026: Top national, international, business, sports updates and thought of the day

School assembly news headlines (September 16):Delhi is set to develop hostels catering to 10,000 students, while Google faces scrutiny concerning fraudulent Gmail accounts. The Supreme Court has issued a notice to regulate educational institutes. Dinesh Sharma has officially taken his oath as the lieutenant governor of Andaman and Nicobar Islands.…

The Economic Times

Trade fragmentation could hit poor economies much harder than rich ones, WTO warns

Global trade fragmentation will severely impact the world's poorest economies. Least-developed countries could see GDP fall significantly by 2050. These nations rely heavily on international trade and global production networks. Disrupted supply chains and higher trade costs will hurt them most. Enhanced cooperation offers the best path for their economic…

The Economic Times

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India’s strategic autonomy faces a trade test as WTO warns non-aligned economies could pay a price for fragmentation

India's foreign economic policy aims for broad trade ties. The WTO warns of rising costs in a fragmented global trade system. India's numerous free trade agreements offer preferential market access. Diversification and multiple pacts help maintain economic flexibility. This strategy counters rising trade costs in a bloc-driven world.

The Economic Times

A 'Prisoner’s Dilemma' is driving the trade war & the costs could be huge

The WTO’s World Trade Report 2026 says global trade is caught in a “Prisoner’s Dilemma”: countries have an incentive to protect their own markets, but when everyone raises tariffs and restricts imports, retaliation can shrink trade, raise prices and leave all sides worse off.

The Economic Times

$3 trillion gain or a 10% GDP loss? WTO sounds a trade alarm

The WTO’s World Trade Report 2026 says strengthening the global trading system could lift global GDP by 2.9%, or about $3 trillion, by 2050, while failing to modernise it could cost up to 10% of global GDP.

The Economic Times

'Might makes right' does not hold: China's Xi Jinping calls for Global South to jointly defend rule of law

Chinese President Xi Jinping urged Global South nations to defend international law and reject might makes right. He called for a more equitable global order and greater participation for all countries. Prime Minister Modi also advocated for global governance reforms and a partnership platform. BRICS leaders adopted a declaration supporting…

The Economic Times

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Consumers deserve nutritional information on food packs; industry backs FSSAI move: Orkla India

Orkla India MD and CEO Sanjay Sharma backed FSSAI’s proposed front-of-pack labelling (FOPL) norms, saying consumers have the right to clear nutritional information. He said the industry supports the regulator’s objective of helping consumers make informed choices, with the main debate being over the format and implementation of the labels.

The Economic Times

'UNSC reform can no longer be delayed': UN backs PM Modi's UNSC reform push, credits India's BRICS Presidency

The UN spokesperson supports Prime Minister Modi's call for Security Council reform. He stated the current structure does not reflect 21st-century global realities. BRICS nations seek a more representative and equitable international system. They advocate for greater participation of developing countries in global governance. The group also supports reforming international…

The Economic Times

BRICS for immediate restoration of fully functioning WTO dispute settlement system

BRICS leaders strongly advocate for restoring the WTO dispute settlement mechanism. They committed to strengthening the organization through necessary reforms and negotiations. The Appellate Body's functioning stalled after the US blocked member appointments. Developing nations believe a two-tier system is fundamental for dispute resolution. BRICS members will engage constructively in…

The Economic Times

BRICS Declaration condemns Pahalgam terror attack, backs India's UNSC aspirations

BRICS countries condemned the 2025 Jammu and Kashmir terrorist attack in Pahalgam. The New Delhi Declaration called for zero tolerance towards terrorism and rejected double standards. Acts of terrorism were deemed criminal and unjustifiable regardless of motivation or perpetrator. BRICS reiterated commitment to combating terrorism in all its forms and…

The Economic Times

BRICS 2026 calls for bigger emerging-market voice in IMF, World Bank; criticises unilateral tariffs

BRICS finance leaders urged greater emerging market representation in global financial institutions. They also advocated for increased local currency use in trade and investment activities. The bloc criticized unilateral tariffs and trade measures, supporting a rules-based multilateral trading system. Work continues on cross-border payment systems and strengthening the New Development…

The Economic Times

World goods trade gains momentum despite Middle East conflict, AI demand cushions blow: WTO

Global merchandise trade shows resilience, with volumes remaining above trend. Strong demand for electronic components fuels growth, offsetting geopolitical concerns. Export orders indicate continued merchandise trade expansion in coming months. Air freight and agricultural raw materials trade also stay above trend. Container shipping activity has dipped slightly below its expected…

The Economic Times

'Anti-fast-fashion' law: France rejects China's discrimination claims

China has claimed that the new "anti-fast-fashion" law which came into force in France on Tuesday amounts to "discrimination." Responding to these accusations, a source from the Ministry of Foreign Affairs told Euronews that such claims were false.

Euronews

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The Economic Times

India eyes critical minerals, bigger markets in South America trade push

India is strengthening trade ties with South American nations like Chile, Argentina, and Brazil. Commerce Secretary Rajesh Agrawal will chair joint trade meetings in Argentina and Brazil. Talks for a comprehensive trade agreement with Chile are in advanced stages. Discussions will also cover expanding the preferential trade agreement with Mercosur.…

The Economic Times

India’s WTO resistance risks slowing investment in developing nations

The IFDA has backing from 131 WTO members, including 94 developing countries, and focuses on reducing red tape and making it easier to attract foreign investment. With Türkiye and South Africa dropping their opposition, the article says India is now the main obstacle to bringing the agreement into the WTO…

The Economic Times

Rupee, price tailwinds for Indian exporters may fade in H2FY27: Nuvama

Indian exporters may see revenue tailwinds from rupee depreciation fade soon. Elevated prices and currency depreciation supported export growth in the first quarter. These supportive factors are expected to diminish in the second half of FY27. The information technology sector's earnings accelerated due to the weaker rupee. Currency movements remain…

The Economic Times

India seeks WTO consultations with US over duty on quartz surface products

India has requested World Trade Organisation consultations with the United States. This action concerns tariffs imposed on quartz surface products by America. The US measure will impose steep duties on imports starting August 15, 2026. India has a substantial interest in these engineered stone slab products. Consultations will be proposed…

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The Economic Times

India's split-personality trade policy needs a reset

India is actively chasing bilateral trade agreements with vigor and determination. However, its approach to multilateral trade is characterized by hesitation and caution. This dichotomy leads to misunderstandings and hampers India's global image. Despite considerable economic advancements, old policies linger. A reassessment of these traditional positions is essential for aligning…

The Guardian - UK

Zhu Rongji obituary

Premier of the People’s Republic of China regarded as an economic reformer who declared that the country had become ‘the factory of the world’

The Times of India

Zhu Rongji, former premier who changed China's economic fate passes away at 97

Former Chinese premier Zhu Rongji died on Wednesday at 97 after an illness, according to China’s official Xinhua news agency.

The Economic Times

All about Zhu Rongji: The rumoured descendant of Ming dynasty founder, who helped transform China into a global economic powerhouse

Zhu Rongji, China's former premier, spearheaded significant economic reforms during his tenure. He pushed sweeping changes for state-owned enterprises and promoted private home ownership. Zhu also played a crucial role in securing China's entry into the World Trade Organization. His tough stance on inflation and corruption defined his leadership style.…

Latin Times

Mexico Thrives Under USMCA While Brazil Absorbs Double U.S. Tariffs

U.S. trade policy drives a wedge between Latin America's top economies in 2026. Explore how Mexico thrives under USMCA protections while Brazil faces a costly Section 301 double-tariff battle linked to tech censorship and domestic politics.

The Economic Times

Government approves senior bureaucrats' postings to IMF, ADB

The Centre has approved several key foreign postings for senior bureaucrats. Satyajit Mohanty will represent India at the International Civil Aviation Organization in Canada. Rahul Jain and Baldeo Purushartha are appointed to the IMF and Asian Development Bank respectively. Hemang Jani's tenure at the World Bank has been extended for…

The Economic Times

Currently nine trade disputes pending against India under WTO rules: Govt

India is facing nine pending disputes at the WTO, Parliament was informed on Tuesday. The cases, filed by countries including Japan, China, the EU, Brazil and Australia, cover steel, sugar, ICT tariffs and PLI schemes. India has spent about Rs 2.43 crore on legal defence so far.

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