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Beyond Brussels: WTO paints bleak trade outlook ahead of G20 summit

It comes as little surprise that the World Trade Organization expects global merchandise trade to continue decelerating in the coming months – but it’s bad news, nonetheless. Mounting trade tensions, tighter credit conditions in key markets and waning business confidence have caused export orders to fall, the WTO said in …

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Beyond Brussels: US Section 301 report highlights on China

The latest US report detailing Chinese policies involving the transfer of technology, intellectual property and innovation is full of “groundless accusations”, according to China’s Ministry of Commerce. The update, which stems from the Trump administration’s Section 301 investigation, was released a day after the US proposed stepping up scrutiny of …

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Flash! EU WTO panel request on US Section 232 proceeds

The World Trade Organization’s dispute settlement body will establish panels based on complaints filed by China, the European Union, Canada, Mexico, Norway, and Russia against United States tariffs on steel and aluminium introduced for national security reasons last spring. A Turkish panel request is still pending at the time of writing. …

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In brief: Malmström sees early 2019 as EU-US regulatory deal milestone

EU trade commissioner Cecilia Malmström reported “progress on regulatory cooperation” during her meeting with counterpart Robert Lighthizer in Washington yesterday. The two sides are seeking to strike bilateral deals to reduce red tape for trade at the border and avoid duplicative testing procedures. “We could see decisions already [in the] …

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Cold wind blows on trade with Europe after Trump’s France visit

The White House is circulating a Section 232 report by the Department of Commerce on the national security implications of auto imports ordered by US President Donald Trump last summer for feedback among various US government departments. The move comes days after US midterm elections and following a trip over …

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Beyond Brussels: Chain reaction to Section 232 duties picks up speed

US duties on steel and aluminium are not only taking a toll on countries across the globe, but they’re triggering a “wave of direct and indirect actions and reactions” that is likely to expand in the coming weeks and months. “Obviously one country’s action becomes the second country’s reason to …