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The Latest Breaking News from WTO

Trump tariffs will send global trade into reverse this year, warns WTO

World Trade Organization says trade between US and China is expected to plunge by 81% in ‘decoupling’

The Guardian - UK

Where's the voice of the WTO?, Newsletter

This week's key events presented by Euronews' competition and trade reporter Peggy Corlin.

Euronews

U.S. tariffs are about to trigger the greatest trade diversion the world has ever seen

United States President Donald Trump’s tariffs have shaken the global trading system. Canadians have rightly been preoccupied by the tariff’s devastating impact on U.S.-Canada relations, but the wider ripple effects could prove just as damaging.

The Conversation

From analysis to the latest developments in health,
read the most diverse news in one place.

Donald Trump is now badly wounded. Europe and the UK can seize an advantage

It’s time to fashion a new global trade order without the US

The Guardian - UK

US Exempts Tech Imports In Tariff Step Back

The Trump administration has announced a series of major exemptions to its punishing global tariffs -- an apparent step back in an escalating trade war with China.

International Business Times

China raises stakes in Trump’s tariffs ‘game’ with 125% levy on US goods

Beijing to challenge US tariffs before the WTO, saying Trump administration to blame for global economic ‘turbulence’.

Al Jazeera

Will Trump’s tariff chaos be China’s gain in global trade wars?

As China retaliates against tariffs, it is also making strategic manoeuvres on EU and Asia to maximise opportunities

The Guardian - UK

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The Latest: S&P 500 falls 2% at the open despite Trump’s tariff pause

U.S. stocks are giving back some of their historic gains from the day before as Wall Street weighs a global trade war that has cooled in temperature but is still threatening the economy

The Independent UK

Canada was mostly spared from Trump’s reciprocal tariffs, but it must not grow complacent

United States President Donald Trump’s so-called Liberation Day introduced sweeping reciprocal tariffs on approximately 60 countries on April 2.

The Conversation

The Latest: Trump’s latest round of tariffs go into effect

President Donald Trump has launched tariff wars with nearly all of America's trading partners

The Independent UK

Hungary’s exit from the International Criminal Court is a sign of the times

After deciding to flout an international arrest warrant against Benjamin Netanyahu, Hungary has become the first European country to announce plans to leave the International Criminal Court (ICC). This comes after president Viktor Orbán hosted Israeli prime minister Benjamin Netanyahu, despite the ICC issuing an arrest warrant for him in…

The Conversation

Major Trade Wars Since The 19th Century

As the world reels from US President Donald Trump's tariffs onslaught, here is a look back at some major trade wars since the 19th century: - 19th century Opium Wars - In the mid-19th century, two conflicts over the opium trade, which became known as the Opium Wars, pitted China…

International Business Times

Trump discusses ‘major’ tariffs on pharma imports at Republican dinner – as it happened

This live blog is now closed

The Guardian - US

Fact check: Are Donald Trump's tariffs on the EU really reciprocal?

Economists tell Euronews Trump's rates are not in any way based on the tariffs imposed by the US' trading partners and therefore cannot be considered an equal measure.

Euronews

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Euronews

What to know about President Donald Trump's vast array of tariffs

President Donald Trump followed through on his tariff threats by declaring on Wednesday a 10% baseline tax on imports from all countries and higher tariff rates on dozens of nations that run trade surpluses with the US.

International Business Times

Japan Says US Tariffs 'Extremely Regrettable', May Break WTO Rules

Japan slammed Thursday as "extremely regrettable" US President Donald Trump's sweeping new tariffs, saying they may break WTO rules and the two countries' trade agreement.

Pedestrian.tv

Explainer: What Trump’s New 10% Tariff On Australian Goods Actually Means For You

"This is not the act of a friend,” Albo said of Trump's move today.

The Conversation

US tariffs will upend global trade. This is how Australia can respond

US President Donald Trump has imposed a range of tariffs on all products entering the US market, with Australian exports set to face a 10% tariff, effective April 5.

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The Guardian - AU

Labor to consider WTO challenge if Trump targets Australia with ‘liberation day’ tariffs

Government sources anticipate tariffs of up to 20% across all exports to the US in broad-brush regime

Al Jazeera

Where are the highest, lowest tariffs? Trump’s reciprocal tariffs explained

The US has some of the lowest tariffs in the world. Trump wants to reverse that with reciprocal tariffs on April 2.

International Business Times

US 'In Arrears' At The WTO

The United States has not paid its 2024 dues to the World Trade Organization and is therefore now deemed to be in "arrears", the WTO's spokesman said Friday.

The Conversation

A ‘golden age’ of global free trade is over. Smaller alliances can meet the moment

The global trade landscape is shifting, and not in the way free traders had hoped. For decades, the belief that economic openness could foster peace and stability reigned supreme. Trade, it was argued, could transform authoritarian regimes into more peaceful players. But Russia’s invasion of Ukraine has shattered this way…

International Business Times

Trump Tariff Threat Leaves Sour Taste For European Drinks Producers

President Donald Trump's threat to impose a 200 percent tariff on many European Union alcohol imports, amid a spiralling trade war, will hit a market worth $10 billion to EU producers in 2023, according to World Trade Organisation figures.

The Conversation

Protectionism has a long history in the US – so its return should not be all that surprising

While Britain has for the most part had a strong commitment to free trade, it’s a very different story in the US, which has a long history of protectionism. This means that President Donald Trump’s tariff wars are playing out very differently politically on his side of the Atlantic. And…

The Conversation

With Australian steel and aluminium set to incur US tariffs, global uncertainty will be our next challenge

“Unjustified” and “not the way that friends and allies should be treated”. That’s how Prime Minister Anthony Albanese and Foreign Minister Penny Wong have described the latest shot in United States President Trump’s trade war.

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