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Goods barometer suggests world trade to remain below trend as tensions take toll
Geneva, Switzerland — World merchandise trade is expected to remain below trend into the fourth quarter of 2019, according to the WTO’s latest Goods Trade Barometer. The indicator’s reading of 96.6 marks a slight improvement compared to the 95.7 registered…
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Canada and Europe make deal to work around blocked World Trade Organization
Ottawa, ON — Canada and the European Union have agreed on a plan to set up a substitute appeals body for trade disputes between them, they announced Thursday. They are working around the United States’ refusal to allow new appointments…
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Canada OK with EU plan to help WTO deal with Trump disruption: Carr
Ottawa, ON — Canada’s trade minister is endorsing a European Union plan to set up an alternative to the World Trade Organization’s appeals panel, in case a U.S. refusal to appoint new members paralyzes it by the end of the…
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Canada joins new German France ‘alliance’ that doesn’t include U.S.
OTTAWA — Canada has formally joined a German-French coalition aimed at saving the international world order from destruction by various world dictators and autocrats — and U.S. President Donald Trump. The initiative is part of ongoing government efforts to shore…
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From jets to cheese: Trump wants to impose new tariffs on EU
London, UK — The United States wants to tax $11.2 billion worth of EU goods — from airplanes to Gouda cheese — in what some experts say marks another attempt by the Trump administration to use tariffs to reshape global…
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World trade forecasts slashed again amid US China standoff
Geneva, Switzerland — The World Trade Organization has cut its forecast for trade growth this year by more than a percentage point, to 2.6%, due to an economic slowdown and amid a trade conflict between the United States and China.…
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Battle lines are drawn over trade and cooperation, in Davos
Davos, Switzerland — World leaders in favour of international co-operation and free trade struck back Wednesday against the wave of populist nationalism that has featured more prominently than usual at the gathering of elites in Davos, Switzerland. As a dizzying…
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U.S., China on the agenda, not at the table for WTO reform talks in Ottawa
Washington, DC — At first glance, it sounds like another dusty, pinstriped political gathering with a yawn-inducing agenda — dispute resolution systems, the appellate body appointment process and plurilateral solutions to the international trade and development nexus. Fair enough —…
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China attacks provision of new USMCA deal said to be aimed at Beijing
Ottawa, ON — China says it deplores a controversial new clause in the United States-Mexico-Canada Agreement that calls on the countries to notify each other if they enter into trade talks with a “non-market” economy. In a scathing statement, the…
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U.S. not invited to Canada’s save the WTO summit of 13 ‘like minded’ countries
Ottawa, ON — Canada has not included the United States in an upcoming meeting aimed at saving the international trading system because it doesn’t share the views of the 13 invited countries, says the new Canadian trade minister. Canada will…
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Amid trade war, US and China exchange invectives at WTO
Geneva, Switzerland — Ambassadors from the United States and China exchanged barbs at the World Trade Organization recently over the countries’ simmering trade dispute. The showdown between Dennis Shea and Zhang Xiangchen came at a WTO meeting in Geneva, as the two…
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Canada to join Mexico, Japan, South Korea, EU to talk auto tariffs
Ottawa, ON — Canada will join Mexico and other European and Asian auto-producing countries this week to plot strategy ahead of the potential imposition of tariffs on vehicles and auto parts exported to the United States. Japan and the European…