Published December 19, 2018 Features Associated Press Facebook Twitter Comments Print China and the United States have traded barbs again at the World Trade Organization, with the U.S. ambassador accusing China of theft of technology and an envoy from Beijing retorting that the U.S. was "finger-pointing." The standoff comes as many countries lined up to criticize and question Trump administration policies in a WTO trade policy review of the United States, a regular process that WTO member states undergo. Continue Reading Below Wednesday marked the second and final closed-door session on the U.S. after a first one on Monday. U.S. Ambassador Dennis Shea sought to re-direct attention on China, saying it would subsidize its industries to squeeze foreign producers and dump products at cheap prices abroad, a transcript of his remarks showed. … [Read more...] about US, China face off again at World Trade Organization
PRESIDENT Donald Trump has threatened to pull the United States out of the World Trade Organisation as it treats the the US unfairly, he claims. The Republican president slapped tariffs valued at $200billion ($152bn) on Chinese goods which will start on September 24. Will Donald trump pull the US out of the World Trade Organisation? President Donald Trump has threatened to withdraw the US from the World Trade Organization (WTO), claiming it treats the US unfairly. In an interview with Bloomberg News, Trump said: "If they don’t shape up, I would withdraw from the WTO." It provides a framework for negotiating trade agreements and has a dispute resolution process aimed at enforcing participants' adherence to WTO agreements. Trump said the agreement establishing the body "was the single worst trade deal ever made" and last month claimed the US has been treated "very badly" by the WTO for many years and that the Geneva-based body needs to “change their ways." Trump says the body … [Read more...] about Will Donald Trump pull the US out of the World Trade Organisation and what tariffs have been imposed on China?
By Ken Martin Published September 18, 2018 China Tariffs FOXBusiness Facebook Twitter Comments Print video Trump: China tariffs will bring a lot into the coffers of America President Trump says a tariff announcement on China will be made after the market close. Alibaba’s Jack Ma used his final speech to shareholders as chairman to issue a warning about the U.S.-China trade tensions. Continue Reading Below Ma said that the tensions between the two countries could last for two decades and that it would be “a mess” for all parties involved. His comments came at an Alibaba investor conference hours after Washington said it would impose duties on an extra $200 billion worth of Chinese imports. China has already said that it will retaliate. "You may win the battle, but you lose the war," Ma said at the shareholder event and reported by Reuters. Ma said new trade rules were needed which includes an upgrade to the World Trade … [Read more...] about Alibaba’s Jack Ma says US-China trade friction could last 20 years
Sections SEARCH Skip to content Skip to site index Economy Subscribe Log In Subscribe Log In Today’s Paper Advertisement Supported by ByDaniel Politi and Jack Ewing Sept. 14, 2018 BUENOS AIRES — Trade ministers from the Group of 20 countries said Friday that there was an “urgent” need to overhaul the World Trade Organization, which President Trump has threatened to withdraw the United States from. The statement by the G20 ministers after a meeting in Argentina was a tacit acknowledgment by world leaders that Mr. Trump’s criticism of the W.T.O. and his tariffs have significantly weakened the international trading system. Just two years earlier, when Barack Obama was still president, the G20 trade ministers, who represent countries including China, Japan and the United States, called on world leaders to further reduce barriers to trade. Diplomats had said they hoped to use the trade ministers meeting … [Read more...] about Trade Ministers Call for W.T.O. Overhaul, but Offer Few Details
MAR DEL PLATA (Reuters) - Trade and investment ministers from G20 countries meeting in Argentina said there was "an urgent need to improve the World Trade Organization to face current and future challenges," according to a joint statement issued on Friday. The ministers added that a free trade deal between the European Union and the Mercosur trade bloc was "in the final stages of negotiation," with a deal likely by the end of the year. (Reporting by Scott Squires, Editing by Rosalba O'Brien) … [Read more...] about G20 trade ministers say need for WTO reform ‘urgent’