NEWSWORTHY
Major economic powers take aim at U.S. during WTO policy forum
Major economic powers took aim at the United States on Monday at a World Trade Organization forum, where Washington was accused of abandoning its leadership role for the sake of self-interest. Every WTO member faces a trade policy review, but the latest U.S. audit turned ...
USTR Robert Lighthizer called tough negotiator in Trump's shadow, shares mistrust over China
He stays out of the limelight but shares President Donald Trump's mistrust of China and the threat it posed to U.S. economic power. U.S. Trade Representative Robert Lighthizer has emerged as the U.S. strongman in the ongoing trade negotiations, determined to force changes in Beijing's ...
Japan may take Taiwan's import ban on food products from Fukushima and other prefectures affected by the 2011 nuclear disaster to the World Trade Organization, Foreign Minister Taro Kono said Sunday. "It goes against the WTO's quarantine-related agreement," Kono said, referring to Taiwan's ban on ...
The leaders of the world's largest economies on Saturday backed an overhaul of the global body that regulates international trade disputes, ahead of high-stakes talks between U.S. President Donald Trump and Chinese President Xi Jinping aimed at defusing a trade war. The Group of 20 ...
G20 cuts pledges to 'fight protectionism' amid U.S.-China trade war
Leaders from the Group of 20 major economies on Saturday warned that the ongoing U.S.-China trade tensions have been hurting the global trading system but shied away from incorporating the traditionally used phrase "fight protectionism" in their communique. As the U.S. administration of President Donald ...
EU trade commissioner expresses support for Japan's goal to reform WTO
European Commissioner for Trade Cecilia Malmstrom says she will support Japan’s efforts to reform the World Trade Organization when the Group of 20 meets in Japan next June.
Japan to sue South Korea at WTO over subsidies to shipbuilders
Tokyo believes that massive assistance provided to the South Korean shipbuilding industry by government-affiliated financial institutions goes against international trade rules.
Japan, U.S., and EU agree to co-sponsor proposal to reform WTO
Trade ministers from Japan, the United States and the European Union agreed Tuesday to co-sponsor a proposal that would bring changes to the World Trade Organization. The proposed changes concern the notification system for domestic industrial subsidies and would also strengthen the activities of the ...
Trade and investment ministers from Group of 20 countries meeting in Argentina said there was an "urgent need" to improve the World Trade Organization, a joint statement issued from the summit said on Friday. With U.S. President Donald Trump readying tariffs on another $200 billion ...
Japan seeks WTO panel over South Korea's stainless steel bar duties
Japan has asked the World Trade Organization to set up a dispute settlement panel to challenge South Korea's 14-year-old anti-dumping duties on Japanese stainless steel bars. South Korea in 2004 imposed anti-dumping duties of 15.39 percent on imported Japanese stainless steel bars, which are used ...
Trump could push Germany toward Russia and China, veteran diplomat says
The longer Donald Trump stays in office, the higher the risk that anti-American forces will gain the upper hand in Germany and push it into the arms of Russia and China, veteran German diplomat Wolfgang Ischinger said in an interview. The chairman of the Munich ...
WTO head warns U.S. exit from body would mean chaos for American business
The head of the World Trade Organization has responded to President Donald Trump's threat to leave the institution by warning such a move would cause chaos for U.S. companies operating around the world. In an Oval Office interview Thursday, Trump warned that he would withdraw ...
