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The Latest Breaking News from WTO

Trump’s tariffs are nothing new – NZ’s real problem is the failing free trade system itself

Headlines following Donald Trump’s election victory focused largely on the influence of personalities, such as Elon Musk or Robert Kennedy junior, and single issues, such as how US tariff hikes would affect New Zealand’s exports.

The Conversation

Trump’s economic vision is no longer a ‘maybe’. Here’s what it might mean for Australia and the world

For months, experts and commentators have been weighing up what the possible return of Donald Trump might mean for financial markets and the global economy.

The Conversation

America's EV Revolution Enters 'Wait And See' Mode On Election Day

It's Election Day in the U.S., which means millions of people will make their way to the polls in order to make their voices heard. And with electric vehicles being so political this election cycle, it's clear that the next U.S. President will influence the adoption of battery-powered cars over…

InsideEVs

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China files complaint at World Trade Organization over EU tariffs on Chinese electric vehicles

China has moved forward with a complaint at the World Trade Organization that alleges the European Union has improperly set anti-subsidy tariffs on new Chinese-made electric vehicles

The Independent UK

Beijing Files WTO Complaint Over EU's New Taxes On Chinese EVs

Beijing said Wednesday it had lodged a complaint with the World Trade Organization over the European Union's decision to impose hefty tariffs on Chinese-made electric cars.

International Business Times

Beijing files WTO complaint over EU's new taxes on Chinese EVs

Beijing said Wednesday it had lodged a complaint with the World Trade Organisation over the European Union's decision to impose hefty tariffs on Chinese-made electric cars.

Radio France Internationale

Britain Seeking EU Trade Reset: Minister

Britain is urgently looking to reset its trading relationship with the European Union, and sees international commerce as key to reviving UK growth, trade minister Douglas Alexander told AFP. Alexander said Britain's 2016 vote to leave the EU caused "significant disruption" to its trade policy and the country needed to…

International Business Times

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Is Australia’s trade war with China now over? The answer might be out of our hands

Finally, Australia’s rock lobster industry will be able to export to China again, following a deal struck on the sidelines of the ASEAN summit in Laos last week.

The Conversation

WTO Cautions On Global Trade Growth Amid Geopolitical Risks

WTO revises global goods trade growth forecast, highlighting risks and positive trends for trade in 2023 and 2024.

Top News

World Trade Organization slightly raises 2024 goods trade forecast but wary of potential setbacks

The World Trade Organization has raised its outlook for global goods trade this year slightly, but cautions that increasing geopolitical tensions and uncertainty over economic policy pose “substantial” risks to its forecast

The Independent UK

UK steel industry calls for protectionist measures over glut driven by China

Lobby group UK Steel said country faces ‘cliff edge’ in 2026 when current protections run out

The Guardian - UK

EU Launches WTO Challenge Against China Dairy Probe

The EU on Monday launched a WTO challenge against a Chinese anti-subsidy investigation into imports of European dairy product, in the latest move in a trade spat between Beijing and Brussels.

International Business Times

Why These 2 Shipping Stocks Are a Smart Buy for 2024?

The shipping industry shows promise for investors due to global merchandise trade growth, increased U.S. imports, e-commerce expansion, and strong container movement, driving dynamic sector expansion. Given this backdrop, it may be wise to invest in solid shipping stocks like ZIM Integrated Shipping Services (ZIM) and Matson (MATX). Keep reading….

StockNews.com

EU, China hold 'constructive' talks on electric vehicle tariffs but still no agreement

EU Trade Commissioner Valdis Dombrovskis reported positive progress in discussions with Chinese Commerce Minister Wang Wentao on Thursday. The talks come as China aims to negotiate an agreement with the European Union to prevent the imposition of high tariffs on electric vehicles (EVs) exported to EU countries.

Radio France Internationale

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The Independent UK

Fruit and seafood are the latest front in escalating Taiwan-China tensions

Taiwan says China’s ban on imports of its fruit, vegetables, seafood and other goods violate trade rules, in the latest ratcheting up of tensions between the self-governing island republic and its massive neighbor, which has vowed to annex Taiwan by force

International Business Times

Spain's Sanchez Urges Negotiated Solution To China-EU Trade Tensions

Spanish Prime Minister Pedro Sanchez called for "a negotiated solution" at the World Trade Organisation (WTO) to end a stand-off between Beijing and the European Union.

The Conversation

Africa desperately needs mpox vaccines. But donations from rich countries won’t fix this or the next health emergency

Africa says it needs an estimated ten million doses of mpox vaccine to control this public health emergency.

The Conversation

China’s probe of Canadian canola will put both exports and farmers in jeopardy

Tariff wars are a recurring feature in the global trading system, and tensions between China and Canada have been ongoing for years. These tariff wars are largely driven by geopolitical tensions.

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Fortune

The WTO isn't solving the problems of global trade. Maybe the answer is for it to try to do less

The WTO should pivot from trying to enforce the rules of global trade to giving countries a space to figure out solutions on their own.

International Business Times

EU Plans 36% Tariff On Chinese EVs, Lower For Tesla

The European Commission said Tuesday it plans to slap five-year import duties of up to 36 percent on Chinese electric cars, unless Beijing can offer an alternative solution to the damaging trade row over state subsidies.

Top News

China Files WTO Complaint Over EU Tariffs On Evs

China files WTO complaint against EU tariffs on Chinese electric vehicles, raising concerns about potential trade dispute escalation.

InsideEVs

Affordable EVs May Not Be Profitable: 'Just Not Realistic'

Analysts think economic headwinds are too harsh for future affordable EVs to drive any profits.

International Business Times

China Launches Appeal At WTO Over EU Electric Vehicle Tariffs

Beijing said Friday it had filed an appeal with the World Trade Organization over the European Union's imposition of additional tariffs on imports of electric vehicles from China.

Dynamite News

BRICS Parliamentary Meet: LS Speaker Birla pitches for reforms in UNSC, WTO

Lok Sabha Speaker Om Birla on Thursday made a strong pitch for greater democratisation of global governance structures such as the UN Security Council and the World Trade Organization (WTO). Read further on Dynamite News:

The Conversation

Bretton Woods: bloodied, battered but still a huge international achievement 80 years on

In July 1944, with war still raging in Europe and the Pacific, 730 delegates from 44 countries gathered at the Mount Washington, a grand hotel built at the turn of the century in New Hampshire. They were on the edge of a little town called Carroll, surrounded by a national…

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