The weekly trade report by our correspondent, L.C. The cancellation of the November 16th-17th Asia-Pacific Economic Cooperation (APEC) summit in Santiago prevented the possible signing of a “phase one” US-China trade agreement. Both Presidents Trump and Xi Jinping had been expected to attend, making a signing ceremony easy to arrange. While an agreement could validly […]
Limited US-China trade deal likely at mid-November APEC summit
Correspondent L.C.’s weekly trade report ____________________________________________ The US and China appear to be proceeding smoothly toward finalizing the recently-agreed “phase one” trade deal so that it can be endorsed by their two leaders when they meet at the November 16th-17th Asia-Pacific Economic Cooperation (APEC) summit in Chile. China also this week passed a new law […]
US imposes new tariffs on EU over Airbus subsidies
The weekly report of our trade correspondent, L.C. On October 18th, the US imposed tariffs of 10% and 25% on imports from the European Union. This ratcheting up of global trade war had been expected, given that no serious talks for a negotiated solution to the US-EU aircraft subsidies dispute occurred. The dispute has been […]
US wins largest penalty ever for EU’s WTO-illegal Airbus subsidies
Trade correspondent L.C.‘s weekly report: On October 2nd the US received official World Trade Organization authorization to impose almost $7.5 billion annually in retaliation against the European Union for its WTO-illegal subsidies to Airbus. This had been expected, though the amount was on the lower side of what had been anticipated. It was, nonetheless, by […]
WTO members launch E-commerce talks
Trade correspondent L.C. reports: The World Trade Organization (WTO) has been battered with troubles in the past two years, but it just had a rare taste of success. Fifty WTO members – nearly half its membership –agreed to launch talks for a plurilateral agreement on e-commerce/digital trade. The agreement came at a January 25 meeting of trade ministers […]
