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The Latest Breaking News from WTO

Britain Seeking EU Trade Reset: Minister

Britain is urgently looking to reset its trading relationship with the European Union, and sees international commerce as key to reviving UK growth, trade minister Douglas Alexander told AFP. Alexander said Britain's 2016 vote to leave the EU caused "significant disruption" to its trade policy and the country needed to…

International Business Times

Is Australia’s trade war with China now over? The answer might be out of our hands

Finally, Australia’s rock lobster industry will be able to export to China again, following a deal struck on the sidelines of the ASEAN summit in Laos last week.

The Conversation

WTO Cautions On Global Trade Growth Amid Geopolitical Risks

WTO revises global goods trade growth forecast, highlighting risks and positive trends for trade in 2023 and 2024.

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World Trade Organization slightly raises 2024 goods trade forecast but wary of potential setbacks

The World Trade Organization has raised its outlook for global goods trade this year slightly, but cautions that increasing geopolitical tensions and uncertainty over economic policy pose “substantial” risks to its forecast

The Independent UK

UK steel industry calls for protectionist measures over glut driven by China

Lobby group UK Steel said country faces ‘cliff edge’ in 2026 when current protections run out

The Guardian - UK

EU Launches WTO Challenge Against China Dairy Probe

The EU on Monday launched a WTO challenge against a Chinese anti-subsidy investigation into imports of European dairy product, in the latest move in a trade spat between Beijing and Brussels.

International Business Times

Why These 2 Shipping Stocks Are a Smart Buy for 2024?

The shipping industry shows promise for investors due to global merchandise trade growth, increased U.S. imports, e-commerce expansion, and strong container movement, driving dynamic sector expansion. Given this backdrop, it may be wise to invest in solid shipping stocks like ZIM Integrated Shipping Services (ZIM) and Matson (MATX). Keep reading….

StockNews.com

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EU, China hold 'constructive' talks on electric vehicle tariffs but still no agreement

EU Trade Commissioner Valdis Dombrovskis reported positive progress in discussions with Chinese Commerce Minister Wang Wentao on Thursday. The talks come as China aims to negotiate an agreement with the European Union to prevent the imposition of high tariffs on electric vehicles (EVs) exported to EU countries.

Radio France Internationale

Fruit and seafood are the latest front in escalating Taiwan-China tensions

Taiwan says China’s ban on imports of its fruit, vegetables, seafood and other goods violate trade rules, in the latest ratcheting up of tensions between the self-governing island republic and its massive neighbor, which has vowed to annex Taiwan by force

The Independent UK

Spain's Sanchez Urges Negotiated Solution To China-EU Trade Tensions

Spanish Prime Minister Pedro Sanchez called for "a negotiated solution" at the World Trade Organisation (WTO) to end a stand-off between Beijing and the European Union.

International Business Times

Africa desperately needs mpox vaccines. But donations from rich countries won’t fix this or the next health emergency

Africa says it needs an estimated ten million doses of mpox vaccine to control this public health emergency.

The Conversation

China’s probe of Canadian canola will put both exports and farmers in jeopardy

Tariff wars are a recurring feature in the global trading system, and tensions between China and Canada have been ongoing for years. These tariff wars are largely driven by geopolitical tensions.

The Conversation

The WTO isn't solving the problems of global trade. Maybe the answer is for it to try to do less

The WTO should pivot from trying to enforce the rules of global trade to giving countries a space to figure out solutions on their own.

Fortune

EU Plans 36% Tariff On Chinese EVs, Lower For Tesla

The European Commission said Tuesday it plans to slap five-year import duties of up to 36 percent on Chinese electric cars, unless Beijing can offer an alternative solution to the damaging trade row over state subsidies.

International Business Times

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China Launches Investigation Into EU Pork Imports

China investigates EU pork imports amid trade tensions over electric vehicles. EU subsidies compliant with WTO. Spain seeks dialogue to avoid conflict.

The Independent UK

China targets Europe's farmers, and not its automakers, in response to EU tariffs on electric cars

The Chinese government is taking aim at European farmers instead of German automakers by launching an investigation into European Union pork imports

The Conversation

The free trade myth: how the US manipulates global markets for economic supremacy

US president, Joe Biden, raised tariffs on Chinese-made goods sharply in May, claiming that the “Chinese government has cheated by pouring money into Chinese companies … hurting competitors who play by the rules”. The tariffs are 25% on steel and aluminium, 50% on semiconductors and solar panels, and 100% on…

International Business Times

Why Has Russian Wheat Been Entering The EU Duty-free?

Since its invasion of Ukraine, Russia's grain exports have not only been spared by European Union sanctions, but even stayed free of tariffs -- a seeming anomaly the bloc has now agreed to rectify.

The Guardian - UK

The Guardian view on free trade: an idea whose time has gone

Editorial: Joe Biden and Donald Trump agree on tariffs against China. The world has lost its biggest cheerleader for globalisation

The Conversation

Joe Biden has raised tariffs on Chinese imports – but this ploy to win votes may spark a trade war

The US president, Joe Biden, has announced new tariffs on imports of electric vehicles, solar equipment and batteries from China. The move comes a month after he called for higher tariffs on Chinese steel and aluminium products, and said that his administration would investigate Chinese shipbuilding.

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