WTO crisis and reform

INTA hearing:  Evaluation of this Commission's term with regards to trade  policy: Pros and Cons
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Commission paints bleak picture of EU-US trade relations

A top European Commission trade official painted a bleak picture of transatlantic relations to a European Parliament committee today, saying US import duties on steel and aluminium as well as possible tariffs on foreign cars and car parts are “clearly detrimental” and potentially catastrophic for world trade.   The outlook …

Beyond Brussels: WTO complaints against US duties are similar, but not the same
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Beyond Brussels: WTO complaints against US duties are similar, but not the same

So far, six World Trade Organization members have lodged complaints challenging President Donald Trump’s assertion that tariffs on steel and aluminium are needed to protect US national security. They are broadly similar, but hardly identical, and some of the differences are quite noteworthy.   More members have ganged together in …

US tariffs: EU launches retaliation process but sticks to trilateral pledges
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US tariffs: EU launches retaliation process but sticks to trilateral pledges

The EU reacted immediately to the Trump administration’s decision to apply tariffs of 25% and 10% on European steel and aluminium today. The bloc filed a trade complaint against the decision and is initiating a process that will lead to ‘rebalancing’ measures announced several weeks ago. In the meantime, trouble …

Azevêdo backs Macron’s call for ‘complete update’ of WTO rules
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Azevêdo backs Macron’s call for ‘complete update’ of WTO rules

It’s time for the World Trade Organization to be modernised and strengthened, says WTO chief Roberto Azevêdo, backing calls by French President Emmanuel Macron for an overhaul of global trade rules.   Macron told leaders at the annual Organisation for Economic Co-operation and Development forum yesterday that the world’s biggest …