The European Commission on Thursday opened a public consultation on potential countermeasures targeting €95 billion worth of United States imports, while simultaneously announcing it will initiate a legal challenge at the World Trade Organization (WTO) over what it calls Washington's "blatantly"...
The World Trade Organization (WTO) revised down its global merchandise trade forecast for 2025 in a report on Wednesday from a 3% growth to a 0.2% contraction. The decline will be led by North America, whose exports are seen plummeting 12.6%.The WTO warned that the global trade in...
Chinese Foreign Ministry spokesman Guo Jiakun on Tuesday addressed two key issues regarding Canada, rejecting allegations of election interference and defending China's trade measures.Responding to reports that Canada has filed a complaint with the World Trade Organization (WTO) over China's...
The World Trade Organization (WTO) announced on Monday that it is considering China's request to create a dispute panel to discuss the duties the European Union introduced on new battery electric vehicles (BEV) from that country.In a statement about the Dispute Settlement Body's (DSB)...
Canada has initiated dispute consultations at the World Trade Organization (WTO) with the United States after the latter country imposed 25% duties on its steel and aluminum imports, the organization announced on Thursday. "Canada claims that the measures, which terminate Canada's exemption...
Brazilian President Luiz Inacio Lula da Silva insisted on Friday that his country will respond if US President Donald Trump moves forward with tariffs on Brazilian aluminum and steel. Speaking in Radio Clube do Para, Lula warned of potential commercial retaliation or a formal complaint to the World...
The Hong Kong government announced on Friday that it will lodge a formal complaint with the World Trade Organization regarding the United States tariffs on products imported from Hong Kong.The spokesperson emphasized that Washington's actions are "grossly inconsistent" with the applicable...
The Chinese Ministry of Commerce responded to the announcement of the new 10% tariff on all Chinese goods imposed by United States President Donald Trump calling it a "serious violation" of World Trade Organization (WTO) rules.The Chinese ministry stated that these measures were damaging...
World Trade Organization (WTO) Director-General Dr. Ngozi Okonjo-Iweala warned on Thursday against a "tit-for-tat" approach to retaliating against United States President Donald Trump's prospective tariffs on certain goods from some countries, stressing that such policy would have "catastrophic"...
World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala asserted on Tuesday that the supply chains need to be diversified and decentralized.Speaking at a panel session at the World Economic Forum (WEF) in Davos, the WTO chief explained that this would help with building...
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