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The Latest Breaking News from WTO

U.S. wants World Trade Organization dispute system fixed by 2024

The United States is entering a third phase of talks with countries to reform the World Trade Organization's (WTO) hobbled trade dispute arbitration system and aims for it to be "fully functioning" by the end of 2024, the U.S. ambassador to the WTO told Reuters on Thursday.

Reuters

Manchin pushes stricter electric vehicle credit rules

Sen. Joe Manchin III and the auto industry are pushing for diverging interpretations of tax breaks in Democrats’ climate and health care budget package enacted last year that defray the cost of buying electric and hydrogen-powered vehicles.

Tribune News Service

Manchin pushes stricter electric vehicle credit rules - Roll Call

Sen. Joe Manchin III and the auto industry are pushing for diverging interpretations of tax breaks in Democrats’ 2022 climate package.

Roll Call

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DAVOS 2023: WTO sticks with 1% projection for growth in global trade

The head of the World Trade Organization (WTO) said on Friday it was sticking with its 1% projection for global trade growth in 2023 - for now.

Reuters

Australian wine growers warn hefty tariffs imposed by China on reds, whites put industry at risk of oversupply as picking season approaches

Wine grape growers say hard decisions need to be made before picking starts next month — with several other industries also hit hard.

ABC News

China eyes rule on office machines contradicting stance in WTO talks

GENEVA / BEIJING -- China has done an about-face since an October 2022 World Trade Organization meeting in which it clearly stated that it would not revise its standards to require office equipment such as multifunction printers to be designed and developed in China, it has been learned.

The Japan News/Yomiuri

Sleepwalking into another trade war

The world is embroiled in a mega-crisis comprising the Covid-19 pandemic, Russia's war in Ukraine, high inflation, recession fears and rising debt distress across emerging markets and developing countries. The last thing we need is an additional source of economic harm. But that's what we may get, in the form…

Bangkok Post

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Editorial: Take International Rules Seriously

China will boost institutional opening-up, further enhance national awareness of rules and the spirit of the contract, and continue to optimize the business environment

Caixin Global

Adam Tooze: Washington Is Undermining the Trade System It Helped Build

The World Trade Organization nears a breaking point over U.S. tariffs against China.

Foreign Policy

Japan wants G-7 to team up against ‘economic coercion’ by China

Japan wants the Group of Seven advanced economies to take a coordinated approach this year aimed at preventing the “economic coercion” that China has applied to some of its trading partners.

Tribune News Service

WTO rejects US 'Made in China' labeling on Hong Kong goods

World Trade Organization arbitrators have concluded the United States violated its rules in requiring that products from Hong Kong be labeled as “Made in China.”

The Independent UK

Australia seeks direct resolution of trade dispute with China before WTO ruling

As Penny Wong heads to Beijing for the first such visit in four years, trade minister says he is confident economic issues can be resolved

The Guardian - AU

Editorial: Biden White House continues bad Trump tariffs

The Republicans used to be the party of (relatively) free-traders in this country, recognizing that when it comes to manufacturing, nations ought to make what nations can make the best: most efficiently, with a quality and a price that makes consumers around the world prefer that commodity as compared with…

The Orange County Register

China calls US 'destroyer' of global trading system at WTO

China accused Washington on Wednesday of using subsidies to prop up national industries and refusing to abide by the rules of the World Trade Organization.

Reuters

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Al Jazeera

China launches suit against US at WTO over chip curbs

In October, the US published a sweeping set of export controls aimed at kneecapping China’s semiconductor sector.

Newsroom.co.nz

MPs lash officials over 'misleading' trade analysis

Officials have been told to deliver more candid and transparent advice on international deals, after a parliamentary committee criticised the quality of analysis it received.

Tribune News Service

Biden cements Trump-era steel, aluminum tariffs in WTO snub

If there were any hope President Joe Biden would undo his predecessor’s divisive trade tariffs that caused upheaval in the global steel and aluminum markets, it all but evaporated Friday.

Reuters

Taiwan mulls WTO case after latest Chinese import bans

Taiwan may take China to the World Trade Organization after the country effectively banned the import of more Taiwanese food and drink products, Premier Su Tseng-chang said on Saturday as Beijing accused Taipei of "political manipulation".

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The Independent UK

WTO rules against Trump's steel and aluminum tariffs

The World Trade Organization has rejected the 2018 import taxes that then-President Donald Trump imposed on foreign steel and aluminum, saying they violated global trade rules

Reuters

Trump metal tariffs ruled in breach of global rules by WTO

The World Trade Organization ruled on Friday that U.S. tariffs imposed on steel and aluminium imports by then President Donald Trump contravened global trading rules in a judgment immediately criticised by Washington.

Bangkok Post

Let the WTO referee carbon border taxes

Perhaps the most important task confronting the international order is the enforcement of national limits on greenhouse-gas emissions, such as those that were negotiated in the 2015 Paris agreement. Carbon border adjustments could give these limits teeth, but fair application requires a revived World Trade Organization.

The Independent UK

EU takes China to WTO over Lithuania trade dispute

The European Union has announced that it's begun legal action at the World Trade Organization against China over what it says are import restrictions Beijing has imposed on Lithuania

Caixin Global

Editorial: Reform and Opening-Up Is Needed to Get China’s Economy Back on Track

Easing of Covid restrictions won't automatically lead to recovery, with more economic reforms required by the government at all levels

The Independent UK

EXPLAINER: US-European differences on climate law persist

President Joe Biden is trying to allay concerns raised by French President Emmanuel Macron about a clean energy law that benefits electric vehicles and other products made in North America

Asharq Al-Awsat

Saudi Arabia, Morocco Sign MoU to Boost Sustainability in Tourism Industry

Saudi Arabia and Morocco signed on Friday a memorandum of understanding to promote cooperation in tourism and coordinate efforts to achieve sustainable development of the tourism industry. The ceremony was attended by Saudi Tourism Minister Ahmed bin Aqil Al-Khatib, and his Moroccan counterpart, Fatima Zahra Ammor, on the sidelines of…

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