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The Latest Breaking News from WTO

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

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

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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

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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

China Files WTO Complaint Over EU Tariffs On Evs

China files WTO complaint against EU tariffs on Chinese electric vehicles, raising concerns about potential trade dispute escalation.

Top News

Affordable EVs May Not Be Profitable: 'Just Not Realistic'

Analysts think economic headwinds are too harsh for future affordable EVs to drive any profits.

InsideEVs

China Launches Appeal At WTO Over EU Electric Vehicle Tariffs

Beijing said Friday it had filed an appeal with the World Trade Organization over the European Union's imposition of additional tariffs on imports of electric vehicles from China.

International Business Times

BRICS Parliamentary Meet: LS Speaker Birla pitches for reforms in UNSC, WTO

Lok Sabha Speaker Om Birla on Thursday made a strong pitch for greater democratisation of global governance structures such as the UN Security Council and the World Trade Organization (WTO). Read further on Dynamite News:

Dynamite News

Bretton Woods: bloodied, battered but still a huge international achievement 80 years on

In July 1944, with war still raging in Europe and the Pacific, 730 delegates from 44 countries gathered at the Mount Washington, a grand hotel built at the turn of the century in New Hampshire. They were on the edge of a little town called Carroll, surrounded by a national…

The Conversation

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.

Top News

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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

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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.

International Business Times

Why Is The US Helping China Undermine Global Innovation?

Most countries are opposed to China's position; the Biden administration is not. It's a major unforced error, and risks aiding Beijing in its efforts to cripple innovators in rival nations around the globe.

Top News

WTO Countries To Restart Dispute Reform Negotiations

WTO members are restarting negotiations to reform the dispute settlement system, addressing challenges and backlog.

The Hindu

Pale green shoots: On exports

Trade mandarins believe goods exports have entered a positive growth cycle, having coped with persistent strife

Top News

WTO Chief Warns Against Trump's Import Tariff Proposal

The WTO chief warns of negative impacts on global trade and the economy due to proposed import tariffs.

The Guardian - UK

Dysfunction and division darken the WTO’s 30-year dream of free trade

As the organisation’s anniversary nears, borders around the world are closing again

The Hindu

To compete with China on economic front, India must focus on manufacturing: Jaishankar

To compete with China on the economic front, India should focus on manufacturing, a key sector which was ignored by governments, External Affairs Minister S. Jaishankar said

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