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.
Steel
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.
In brief: US extends deadline for steel and aluminium tariffs
The EU obtained a one-month extension of a reprieve from planned US import tariffs on steel and aluminium. The duties were expected to kick in today. The deadline was set in late March as the US sought to negotiate new deals with its trading partners in return for a reprieve from …
Week ahead in EU trade: 232 tariffs, Brexit
There are just two key items on the EU trade agenda this week – which of course is shortened a bit by the Labour Day holiday tomorrow – but both are of widespread interest: the divisive US tariffs on steel and aluminium and Brexit. The European Parliament is also meeting …
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.
WTO: EU, US and Japanese silence on steel measures speaks louder than words
The EU, the US and India came under fire today for measures to protect their steel and solar cell industries. But what’s more interesting is what wasn’t said during the meeting of the World Trade Organization’s Safeguards Committee. WTO members criticised the EU’s ‘safeguard’ investigation into steel as well …
Comment: WTO crisis, Trump, and the EU’s credibility challenge
The EU is struggling to find a consistent, coherent and efficient strategy approach to the US administration’s choking off of the World Trade Organization’s Appellate Body and to its unilateral tariffs on steel and aluminium. There is a lot of back-and-forth in the background – both in Brussels 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 …
Deng: Double whammy of EU steel safeguards and US duties would be ‘disaster’ for Taiwan
A decision by the EU to slap safeguards on foreign steel would have severe repercussions in Taiwan, whose exports of the alloy to the US are already subject to 25% duties, says Taiwan’s top trade negotiator. Without an exemption from the US tariffs – something Taiwan has tried and failed to …
Section 232: China’s WTO complaint calls US metals duties discriminatory
China is the first country to lodge a legal challenge to US tariffs on steel and aluminium that officials from other World Trade Organization members, including the EU, say violate global trade laws. Beijing says the duties are discriminatory, because the US gave exemptions to some trade partners but not …
