The first day of this weekend’s Group of Seven summit is set to turn into the Group of Six vs One, if recent Twitter exchanges are anything to go by. The one, in this case, as US President Donald Trump, who has already announced that he’ll skip tomorrow’s sessions on …
Beyond Brussels
Beyond Brussels: US says EU snub in Airbus case shows ‘lack of seriousness’ to settle dispute
The US has upped the ante in its war of words with the EU over illegal aid for domestic airplane manufacturers, accusing the bloc of not being serious about complying with a World Trade Organization ruling that faulted European subsidies to Airbus. Specifically, Washington was offended that the EU …
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 …
Beyond Brussels: Japan threat to retaliate over US metals duties – more bark than bite?
Japan may follow China by striking back against US steel and aluminium tariffs to the tune of $409 million, signalling that Tokyo is tired of trying to win an exemption from the levies through diplomacy. But the fact that Japan is weighing retaliation doesn’t mean it will actually act on …
Beyond Brussels: WTO tensions deepen over intellectual property, steel, Appellate Body
The World Trade Organization’s General Council meeting on Wednesday highlighted the deepening rift between the US and other members over steel, intellectual property and Appellate Body nominations. There seems to be no way out of the crisis for now.
Beyond Brussels: Oversupply of Chinese goods doesn’t hurt global trade, study finds
China may use subsidies to prop up a range of domestic industries, but oversupply in these sectors has little impact on global trade, a Swiss-based trade watchdog says in a new report on the current steel glut and protectionism.
Beyond Brussels: WTO rulebook revamp touted as way to tackle overcapacity
It’s time for the World Trade Organization to study the impact of state-owned banks giving low-cost loans to state-owned industries to boost demand during recessions, US-led group of five WTO members says.
Beyond Brussels: ‘Winds of change are blowing’ on WTO rules, Wolff says
Initiatives and discussions involving large groups of countries on issues such as electronic commerce and investment facilitation signal that global trade rules are set for a revamp, says Alan Wolff, deputy director-general of the World Trade Organization. “The WTO rulebook very likely will be updated to address current and …
Beyond Brussels: Trump targets ‘brutal’ EU in speech to farm-state officials
US President Donald Trump’s decision to study rejoining Trans-Pacific Partnership talks and his suggestion that a trade war with China could be averted if Beijing opened its market to more American goods grabbed the headlines yesterday. But he also had a few things to say – none of them very …
Beyond Brussels: US-China trade clash escalates as Trump ups ante
With global fears mounting that the US-China trade dispute will escalate into a full-blown trade war, a softer tone from senior officials in both countries this week suggesting that the standoff could be resolved through negotiations came as welcome news around the world. Both sides seemed ready to take a …