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The Latest Breaking News from WTO

Crude Prices Gain as China Signals it is Open to US Trade Talks

May WTI crude oil (CLK25 ) Wednesday closed up +1.17 (+1.86%), and May RBOB gasoline (RBK25 ) closed up +0.0190 (+0.94%). Crude oil and gasoline prices on Wednesday rallied moderately. Wednesday's slide in the dollar (DXY00 ) was supportive of crude prices. Also, the prospects of de-escalating US-China trade tensions...

Barchart

Trump Touts Trade Talks, China Calls Out Tariff 'Blackmail'

US President Donald Trump touted tariff negotiations with Japan on Wednesday while China angrily accused Washington of "blackmail" in a trade war that the WTO warns will have "severe" economic consequences for the global economy.

International Business Times

Crude Prices Climb on Possible De-Escalation of US-China Trade Tensions

May WTI crude oil (CLK25 ) today is up +1.27 (+2.07%), and May RBOB gasoline (RBK25 ) is up +0.0139 (+0.69%). Crude oil and gasoline prices today are moderately higher. Today's slide in the dollar is supportive of crude prices. Also, the prospects of de-escalating US-China trade tensions are positive...

Barchart

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WTO forecasts 6% bump in Chinese exports to Europe in 2025

With the Chinese and US economies decoupling, WTO forecasts anticipate a diversion of Chinese exports to Europe.

Euronews

Stocks Extend Losses on Cautious Powell Remarks

The S&P 500 Index ($SPX ) (SPY ) today is down -2.38%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -1.55%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -3.29%. June E-mini S&P futures (ESM25 ) are down -2.16%, and June E-mini Nasdaq futures...

Barchart

Dollar Falls and Gold Soars to a Record as US-China Trade War Escalates

The dollar index (DXY00 ) today is down by -0.70%. The dollar is under pressure today 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...

Barchart

WTO: Trump's tariff policies could force global trade slide in 2025

According to the WTO, US President Donald Trump's shifting tariff policies could decline global trade by 0.2% this year.

Euronews

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Stocks Retreat on Weakness in Chip Makers

The S&P 500 Index ($SPX ) (SPY ) today is down -1.24%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.64%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.98%. June E-mini S&P futures (ESM25 ) are down -1.25%, and June E-mini Nasdaq futures...

Barchart

World Trade Organisation says global trade could slide this year because of Trump’s tariff policies

‘Enduring uncertainty threatens to act as a brake on global growth’ says international trade forum

The Independent UK

Global Trade Uncertainty Could Have 'Severe Negative Consequences': WTO Chief

Global trade is expected to plummet this year in the wake of President Donald Trump's tariff offensive, fuelling uncertainty that threatens "severe negative consequences" for the world, the World Trade Organization warned Wednesday.

International Business Times

Trump tariffs will send global trade into reverse this year, warns WTO

World Trade Organization says trade between US and China is expected to plunge by 81% in ‘decoupling’

The Guardian - UK

Where's the voice of the WTO?, Newsletter

This week's key events presented by Euronews' competition and trade reporter Peggy Corlin.

Euronews

U.S. tariffs are about to trigger the greatest trade diversion the world has ever seen

United States President Donald Trump’s tariffs have shaken the global trading system. Canadians have rightly been preoccupied by the tariff’s devastating impact on U.S.-Canada relations, but the wider ripple effects could prove just as damaging.

The Conversation

Donald Trump is now badly wounded. Europe and the UK can seize an advantage

It’s time to fashion a new global trade order without the US

The Guardian - UK

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International Business Times

US Exempts Tech Imports In Tariff Step Back

The Trump administration has announced a series of major exemptions to its punishing global tariffs -- an apparent step back in an escalating trade war with China.

Al Jazeera

China raises stakes in Trump’s tariffs ‘game’ with 125% levy on US goods

Beijing to challenge US tariffs before the WTO, saying Trump administration to blame for global economic ‘turbulence’.

The Guardian - UK

Will Trump’s tariff chaos be China’s gain in global trade wars?

As China retaliates against tariffs, it is also making strategic manoeuvres on EU and Asia to maximise opportunities

The Independent UK

The Latest: S&P 500 falls 2% at the open despite Trump’s tariff pause

U.S. stocks are giving back some of their historic gains from the day before as Wall Street weighs a global trade war that has cooled in temperature but is still threatening the economy

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The Conversation

Canada was mostly spared from Trump’s reciprocal tariffs, but it must not grow complacent

United States President Donald Trump’s so-called Liberation Day introduced sweeping reciprocal tariffs on approximately 60 countries on April 2.

The Independent UK

The Latest: Trump’s latest round of tariffs go into effect

President Donald Trump has launched tariff wars with nearly all of America's trading partners

The Conversation

Hungary’s exit from the International Criminal Court is a sign of the times

After deciding to flout an international arrest warrant against Benjamin Netanyahu, Hungary has become the first European country to announce plans to leave the International Criminal Court (ICC). This comes after president Viktor Orbán hosted Israeli prime minister Benjamin Netanyahu, despite the ICC issuing an arrest warrant for him in…

International Business Times

Major Trade Wars Since The 19th Century

As the world reels from US President Donald Trump's tariffs onslaught, here is a look back at some major trade wars since the 19th century: - 19th century Opium Wars - In the mid-19th century, two conflicts over the opium trade, which became known as the Opium Wars, pitted China…

The Guardian - US

Trump discusses ‘major’ tariffs on pharma imports at Republican dinner – as it happened

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Euronews

Fact check: Are Donald Trump's tariffs on the EU really reciprocal?

Economists tell Euronews Trump's rates are not in any way based on the tariffs imposed by the US' trading partners and therefore cannot be considered an equal measure.

Euronews

What to know about President Donald Trump's vast array of tariffs

President Donald Trump followed through on his tariff threats by declaring on Wednesday a 10% baseline tax on imports from all countries and higher tariff rates on dozens of nations that run trade surpluses with the US.

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