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The Latest Breaking News from WTO

Trump Gets His Way On Tariffs, But Global Trade System Intact For Now

President Donald Trump has succeeded in strong-arming nations to accept higher tariffs on US exports, yet for now experts see little threat to the postwar trend of lower duties in the pursuit of greater wealth all around.

International Business Times

WTO Marginalized As EU–US Trade Deal Signals Shift Away From Multilateralism

Once considered the crown jewel of post-war economic cooperation, the WTO was neither mentioned in the joint press statements nor acknowledged in the deal's architecture.

International Business Times

Trump's law of the jungle means U.S. trade deals aren't worth the paper they're printed on, trade expert warns

Without a means of enforcing bilateral trade agreements, Trump could simply change the terms of any deal down the road. The answer is to kick the U.S. out of the World Trade Organization, argues professor Kristen Hopewell.

Fortune

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India Hits Back At US, Plans Retaliatory Tariffs at WTO

India has reportedly notified the World Trade Organization (WTO) of its intention to impose retaliatory tariffs against the United States, following Washington’s decision to enforce a 25% import duty on foreign-made automobiles and auto components.

Benzinga

BRICS leaders are set to meet in Brazil as they try to build a united front against trade protectionism

Trade and tariffs will be high on the agenda at the upcoming BRICS summit in Brazil, but geopolitical divisions and conflict could be distractions.

Fortune

Let's create a new World Trade Organization - Von der Leyen

European Commission chief Ursula von der Leyen has proposed to EU leaders the launch of a Europe-led initiative to establish a structured trade cooperation with Asian countries, potentially laying the groundwork for an alternative to the gridlocked World Trade Organisation (WTO).

Euronews

Post-Brexit Britain ‘too focused’ on major trade deals, ministers say

New strategy to focus on ‘more agile’ modest agreements, as opposed to wide-ranging deals

The Guardian - UK

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Ursula von der Leyen's return as China hawk shuts down talk of diplomatic reset

Von der Leyen's hawkish intervention at the G7 summit has dented hopes of a diplomatic reset between the EU and China.

Euronews

The cringe-ification of protest

Social media is undermining the power of protest by framing it as "cringe," making the front line of change weaker

Salon

China hits back at Ursula von der Leyen's 'baseless, biased' speech at G7 summit

The much-speculated EU-China reset looks in trouble after both sides exchanged sharp accusations in the last few days.

Euronews

Von der Leyen blasts China's 'blackmail' in direct appeal to Trump at G7 summit

During the G7 summit, Ursula von der Leyen said the source of "the biggest collective problem" in the global trading system dates back to China's accession to the World Trade Organization (WTO) in 2001.

Euronews

No, Trade With China Did Not Kill the U.S. Economy

A new comprehensive review finds the negative effects of trade with China have been significantly exaggerated.

Reason

Call for local steel mandate in face of Trump's tariffs

The federal government is being urged to protect Australian jobs after US President Donald Trump announced a plan to double levies on foreign steel.

AAP

EU/US aircraft trade war imminent, key lawmaker warns

The inclusion of Boeing in the Commission’s draft retaliation proposal has raised concerns among some member states over potential countermeasures from Washington targeting Airbus, according to MEP Bernd Lange, chair of the trade committee at the European Parliament.

Euronews

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The Independent UK

World trade chief says global free trade is in a 'crisis' while on visit to Japan

The head of the global trade watchdog says global free trade is facing a “crisis” as U.S. President Donald Trump disrupts world commerce with his fast-changing tariffs and other policies

Euronews

How should the EU interpret the trade agreement between the US and the UK?

The United Kingdom is the first European country to have reached a compromise with the United States on trade. But some analysts believe the deal sends the wrong signal.

The Independent UK

The EU publishes a US product hit list and prepares for WTO action against Trump's tariffs

The European Union has published a list of U.S. imports to target with retaliatory duties if no solution is found to end President Donald Trump’s tariff war

International Business Times

EU Threatens To Target US Cars, Planes If Trump Tariff Talks Fail

The EU on Thursday threatened to target US cars and planes among a raft of products worth 95 billion euros ($107 billion) if negotiations with President Donald Trump's team fail to avert a trade war.

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Euronews

Winners and losers: The long game of US-EU trade conflicts

The current trade war between the US and the EU is nothing new. Five major disputes have pitted the two economic powers against one another. So how did they turn out?

Al Jazeera

Why China has warned countries against ‘appeasing’ Trump in trade deals

China is a far bigger trading partner than the US for most countries. That limits what Trump can demand, experts say.

Caixin Global

U.S. and China Locked in a ‘Mutual Embargo’ That Trump Won’t Win, Says Former WTO Chief

Trump’s bid to solve the U.S. trade deficit won’t work, says Pascal Lamy

International Business Times UK

Global Economy on Edge: UNCTAD and WTO Forecast Deepening Slowdown for This Year

Global economy lurching towards a precarious downturn, with growth forecast to slump to a mere 2.3% in 2025

Al Jazeera

Is Zimbabwe wooing Donald Trump by paying white farmers and ending tariffs?

Zimbabwe is the only country to have suspended tariffs on US imports so far.

Barchart

Stocks Plummet on Semiconductor Weakness and Powell Comments

The S&P 500 Index ($SPX ) (SPY ) Wednesday closed down -2.24%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -1.73%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -3.04%. June E-mini S&P futures (ESM25 ) are down -2.12%, and June E-mini Nasdaq futures...

Barchart

Tariff Angst Hammers the Dollar and Boosts Gold to a Record High

The dollar index (DXY00 ) Wednesday fell by -0.92%. The dollar was under pressure Wednesday as the tit-for-tat trade war with China erodes confidence in the dollar after the US government barred Nvidia from selling its H20 chips to China. The US tariff turmoil diminishes the dollar’s reserve-currency status and...

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