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Keyword: wto

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  • China commerce ministry official says new U.S. tariff plan harms WTO system, globalization

    07/10/2018 8:00:56 PM PDT · by Olog-hai · 28 replies
    Reuters ^ | July 10, 2018 10:27 PM | Stella Qiu and Beijing Monitoring Desk, Elias Glenn
    China’s assistant commerce minister said on Wednesday that the latest proposed tariffs from the United States harms the World Trade Organization system and hurts globalization. […] The Ministry of Commerce’s Li Chenggang said the only correct choice for China-U.S. relations was cooperation. …
  • Exclusive: China presses Europe for anti-U.S. alliance on trade

    07/03/2018 11:10:26 PM PDT · by Olog-hai · 12 replies
    Reuters ^ | July 3, 2018 9:03 AM | Robin Emmott, Noah Barkin
    China is putting pressure on the European Union to issue a strong joint statement against President Donald Trump’s trade policies at a summit later this month but is facing resistance, European officials said. In meetings in Brussels, Berlin and Beijing, senior Chinese officials, including Vice Premier Liu He and the Chinese government’s top diplomat, State Councillor Wang Yi, have proposed an alliance between the two economic powers and offered to open more of the Chinese market in a gesture of goodwill. One proposal has been for China and the European Union to launch joint action against the United States at...
  • Leaked Trump bill would abandon key WTO rules

    07/01/2018 4:42:29 PM PDT · by yesthatjallen · 23 replies
    The Hill ^ | 07/01/18 | Julia Manchester
    A leaked copy of draft Trump administration legislation shows that the U.S. would abandon fundamental rules of the World Trade Organization (WTO), according to Axios, which obtained the copy of the bill. The United States Fair and Reciprocal Tariff Act would reportedly provide President Trump with the authority to ignore two monumental principles of the WTO and take part in bilateral negotiations with any country. According to Axios, the legislation shows the abandonment of the "Most Favored Nation" (MFN) principle, which says that countries are not allowed to set different tariff rates for different countries outside of free trade agreements....
  • Trump may have a point about EU tariffs, ifo (Munich)

    06/30/2018 9:04:12 AM PDT · by Para-Ord.45 · 10 replies
    https://global.handelsblatt.com ^ | March 15, 2018 | Darrell Delamaide
    A leading German think tank says Donald Trump is right that tariffs between the United States and Europe are asymmetrical, but urges negotiations to lower import taxes across the board. US President Donald Trump may actually have a point when it comes to unfair taxes on US goods coming into Europe. That is the finding of a new study by a leading German think tank. Where they differ is how to deal with it: The group urges new talks to lower tariffs across the board, instead of engaging in a tit-for-tat escalation in new taxes. “The EU is by no...
  • Russia files lawsuit with WTO against US duties on steel and aluminum

    06/29/2018 12:13:32 PM PDT · by CondoleezzaProtege · 9 replies
    TASS ^ | June 29, 2018
    Russia filed a lawsuit with the World Trade Organization (WTO) against duties imposed by the United States on steel and aluminum. Russia also requested consultations with the United States in the framework of the WTO dispute settlement procedure, Russian Economic Development Minister Maxim Oreshkin said on Friday. Oreshkin added that, in addition to Russia, China, India, the European Union, Canada, Mexico, and Norway had earlier filed complaints against the United States with the WTO.
  • Kudlow warns WTO won’t determine US policy as summit nears

    06/06/2018 3:28:34 PM PDT · by yesthatjallen · 10 replies
    The Hill ^ | 06/06/18 | Niv Elis
    The president’s top economic adviser on Wednesday implied that the U.S. may not abide by any rulings from the World Trade Organization (WTO), a tough signal ahead of a Group of Seven summit this weekend where Trump is expected to face a backlash from allied leaders over his protectionist trade agenda. “International, multilateral organizations are not going to determine American policy,” White House National Economic Council Director Larry Kudlow told reporters at a press briefing organized to preview President Trump’s trip to Canada for the G-7. The comments paint an unyielding stance on trade as the president prepares to meet...
  • Canada files WTO challenge of US tariffs and vows to work with EU.......

    06/02/2018 7:45:49 AM PDT · by caww · 28 replies
    cnbc ^ | 6/2/2018 | cnbc
    Canada filed a challenge to the U.S. tariffs on steel and aluminum with the World Trade Organization on Friday and said it will request a Chapter 20 panel under the North American Free Trade Agreement on Friday in response to the U.S. move. "These unilateral tariffs, imposed under a false pretext of safeguarding U.S. national security, are inconsistent with the United States international trade obligations and WTO rules," Foreign Minister Chrystia Freeland said in a statement. "Canada will closely collaborate with the European Union, which also filed a WTO challenge today, as well as with other like-minded countries, on opposing...
  • US Finally Puts America First: Trade War Started 2 Decades Ago (Newsmax)

    04/05/2018 8:05:32 PM PDT · by cba123 · 3 replies
    Newsmax ^ | Thursday, 05 April 2018 02:23 PM | By Armando Soto
    The headlines on most financial publications claim the United States and our current administration is lighting the fuse to a trade war. The first shot across the bow came many years ago when China joined the World Trade Organization and its central and provincial governments began subsidizing manufacturing and production of goods in high volumes thus leaving manufacturing sectors in the west at a disadvantage. President Donald Trump vowed to remember those who were forgotten in the last 10 years and to make changes in policy. (please see link, for full article)
  • US files trade complaint against China over licensing practices (Friday)

    03/25/2018 12:51:09 AM PDT · by cba123 · 2 replies
    ANI ^ | Updated: 24 Mar 2018 07:10 AM
    Washington D.C. [USA], Mar 24 (ANI): The United States on Friday officially filed a trade complaint at the World Trade Organisation (WTO) against China over its alleged discriminatory technology licensing practices. (please see full article at link)
  • Trump administration calls China, Russia entry into WTO a mistake

    01/24/2018 1:42:12 PM PST · by GoldenState_Rose · 12 replies
    The Hill ^ | Jan 19, 2018 | Vicki Needham
    The Trump administration said the United States made mistakes letting China and Russia join the World Trade Organization (WTO) because they have failed to shift to market-based economies. China and Russia have made little progress to align their economies with the commitments they made when joining the WTO, the U.S. trade representative wrote in two reports sent to Congress on Friday. "The United States is committed to working with all WTO members who share our goal of using the WTO to create and enforce rules that lead to more efficient markets, reciprocal benefits and greater wealth for our citizens," wrote...
  • The Swamp Wants to Impeach Trump and Overturn the Election — All Based on a Bogus Investigation!

    12/05/2017 12:01:51 PM PST · by Kaslin · 34 replies
    Rush Limbaugh.com ^ | December 5, 2017 | Rush Limbaugh
    RUSH: Reiterate that point. I really have to reiterate, because to me it is crucial. It is, well, crucial. Yeah, key. It’s very important to understand this. Greetings, folks. Great you have to here, Rush Limbaugh revved and ready for yet another three hours of broadcast excellence right here behind this the Golden EIB Microphone at the distinguished and prestigious Limbaugh Institute for Advanced Conservative, anti-media, and Anti-Leftist Studies. The curriculum keeps expanding. No graduates, no degrees, the learning never stops. The telephone number if you want to join, 800-282-2882. The email address, ElRushbo@eibnet.us. First things first. Want to go...
  • Trump in Vietnam says U.S. will not 'surrender our sovereignty' in trade agreements

    11/10/2017 2:39:32 AM PST · by TigerLikesRooster · 22 replies
    UPI ^ | November 10, 2017 | Ray Downs
    Trump in Vietnam says U.S. will not 'surrender our sovereignty' in trade agreements By Ray Downs | Nov. 10, 2017 at 2:46 AM Nov. 10 (UPI) -- President Donald Trump took the stage at the Asia-Pacific Economic Cooperation summit in Vietnam Friday and said the United States will no longer "be taken advantage of" through trade agreements. "The U.S. is prepared to work with its Asian allies to achieve mutually beneficial commerce," Trump said. "I will make bilateral trade agreements with any Indo-Pacific nation that will abide by fair and reciprocal trade. What we will no longer do is enter...
  • US Bill On Anti-Russian Sanctions Contravenes International Law (Sanctions Backfire Alert)

    07/30/2017 7:21:34 PM PDT · by goldstategop · 13 replies
    TASS ^ | 07/31/2017 | TASS
    The new US bill on anti-Russian sanctions will affect European countries cooperating with Russia in the energy sector, and, therefore, these restrictive measures can ultimately run counter to international law, German Minister for Economic Affairs and Energy, Brigitte Zypries, said in an interview with the newspapers, which are part of Germany’s Funke media group, published on Monday. "We believe this is a violation of international law," the minister said referring to the fact that the fresh sanctions may restrict companies’ activities in the EU. "America cannot fine German companies for doing business in another country," she said. "According to Zypries,...
  • If We Had Our way: New Year's Resolutions for the New Congress

    01/02/2017 1:41:53 PM PST · by VitacoreVision · 10 replies
    The New American ^ | 02 January 2017 | Charles Scaliger
    Now that the dust has settled on the elections, the time has come (or so some of the punditry in the media assure us) to set aside political acrimony and unite under the new leadership of President-elect Donald Trump and the new House and Senate. Although it’s far from clear what President Trump will choose to prioritize, now that he will face the realities of entrenched political interests in Washington instead of his fired-up political base on the hustings, it seems at least possible that he will show much more sympathy for certain constitutionalist and Americanist causes — such as...
  • Germany vows legal action if Trump taxes imports

    03/17/2017 8:12:03 AM PDT · by Olog-hai · 18 replies
    TheLocal.de ^ | 17 March 2017 10:22 CET+01:00 | AFP
    Germany could take the United States to court if Washington goes ahead with plans to tax imports, Economy Minister Brigitte Zypries said Friday, hours before Chancellor Angela Merkel’s first meeting with Donald Trump. “I’m betting partly on reason and partly on the courts” to prevent a damaging trade war, Zypries told Deutschlandfunk public radio. The minister’s combative stance comes ahead of Merkel’s first meeting with Trump in Washington and a gathering of G20 finance ministers in Baden-Baden, western Germany, set to be dominated by the US president’s “America First” policy. […] If a US border tax was found to breach...
  • Trump Threatens to Leave World Trade Organization

    01/26/2017 7:34:59 AM PST · by VitacoreVision · 50 replies
    The New American ^ | 02 August 2016 | Steve Byas
    The voters of the United Kingdom stood up for British national sovereignty with their recent decision to leave the European Union (EU), and now Republican presidential candidate Donald Trump is suggesting that he might take the lead in the United States leaving the World Trade Organization (WTO).When NBC’s Chuck Todd asked Trump on Meet the Press if his punitive tariff plan for businesses that leave the United States could be nixed by the WTO, Trump responded strongly, “It doesn’t matter. Then we’re going to renegotiate or we’re going to pull out. These trade deals are a disaster, Chuck. World Trade...
  • Feds seize Indymedia servers [more info]

    10/08/2004 5:15:45 PM PDT · by Mike Fieschko · 61 replies · 2,171+ views
    The Register ^ | Oct 8, 2004 | John Leyden
    The FBI yesterday seized a pair of UK servers used by Indymedia, the independent newsgathering collective, after serving a subpoena in the US on Indymedia's hosting firm, Rackspace. Why or how remains unclear. Rackspace UK complied with a legal order and handed over hard disks without first notifying Indymedia. It's unclear if the raid was executed under extra-territorial provisions of US legislation or the UK's Regulation of Investigatory Powers Act (RIPA). Provisions of RIPA make it a criminal offence to discuss warrants, so Rackspace would not be able to discuss the action with its customer Indymedia, or with the media....
  • Airbus scoffs, Boeing crows as WTO slams EU for failing to address illegal subsidies

    09/22/2016 4:53:46 PM PDT · by djwright · 4 replies
    Seattle Times ^ | September 22, 2016 at 7:35 am | Dominic Gates
    A World Trade Organization (WTO) compliance panel ruled Thursday that the European Union has fallen dramatically short of remedying the harm to Boeing from illegal subsidies to Airbus. The decision opens a path for the U.S. to implement trade sanctions against the EU — potentially imposing billions of dollars in tariffs on its goods or services.
  • Donald Trump Threatens to Leave World Trade Organization

    08/02/2016 2:53:58 PM PDT · by VitacoreVision · 17 replies
    The New American ^ | 02 August 2016 | Steve Byas
    The voters of the United Kingdom stood up for British national sovereignty with their recent decision to leave the European Union (EU), and now Republican presidential candidate Donald Trump is suggesting that he might take the lead in the United States leaving the World Trade Organization (WTO).When NBC’s Chuck Todd asked Trump on Meet the Press if his punitive tariff plan for businesses that leave the United States could be nixed by the WTO, Trump responded strongly, “It doesn’t matter. Then we’re going to renegotiate or we’re going to pull out. These trade deals are a disaster, Chuck. World Trade...
  • We need a tough negotiator like Trump to fix US trade policy

    07/30/2016 9:47:03 AM PDT · by oblomov · 31 replies
    CNBC ^ | 29 Jul 2016 | Wilbur Ross and Peter Navarro
    Republican presidential candidate Donald Trump is threatening to leave the World Trade Organization and rip up agreements like the North American Free Trade agreement, and his critics predictably are branding him everything from "wrong-headed" to "insane." But here's the real deal. When our politicians and diplomats negotiate trade deals, we lose because they don't know a good deal from a bad one. For instance, when President Bill Clinton signed NAFTA in 1993, he believed it would "create 200,000 jobs in this country by 1995 alone." Instead, the U.S. has lost over 700,000 jobs, according to the Economic Policy Institute, while...