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Jefferies Warns Of Consequences From WTO Airbus Ruling
Friday, September 27, 2019 - 2:34pm | 762Investment bank Jefferies noted in a Sept. 20 equity research report on the Boeing Co. (NYSE: BA) that, although the U.S. recently won the right to subject European Union (EU) goods to billions of dollars of tariffs in a longstanding dispute over government subsidies to Airbus, there may be...
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WTO Deputy Director-General Optimistic On Future Of World Trade
Friday, September 20, 2019 - 10:18am | 1153With an escalating trade war between Beijing and Washington, and another trade war between Seoul and Tokyo, Middle Eastern oil supply price shocks, and rising protectionism, everyone knows that the outlook for world trade is bleak, right? Wrong. "We are headed to a better place. But we are going...
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China To File WTO Dispute Over Latest US Tariffs
Tuesday, September 3, 2019 - 1:39pm | 638China will file a dispute at the World Trade Organization (WTO) regarding U.S. tariffs across approximately $263 billion worth of goods from China in annual import value, China's Commerce Ministry said Sept. 2. That $263 billion represents the latest round of U.S. Section 301 tariffs on China, the...
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US-China Row Takes Place At WTO
Friday, August 16, 2019 - 1:44pm | 632As the U.S.-China trade war intensified with the Trump administration announcing more tariffs, the two countries clashed in two disputes this week at the World Trade Organization (WTO). During a meeting of the WTO Dispute Settlement Body (DSB) on August 15, the DSB agreed to China's request to...
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Annual Hearing On China's WTO Compliance Scheduled
Wednesday, August 14, 2019 - 3:20pm | 315The interagency Trade Policy Staff Committee (TPSC) is accepting comments and will hold a hearing to help inform the Office of the U.S. Trade Representative's (USTR) annual report to Congress on China's compliance with its World Trade Organization (WTO) commitments, USTR announced in a Federal...
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US Threatens EU With Tariffs Over Aircraft Subsidies; Retaliation Expected
Tuesday, April 9, 2019 - 1:11pm | 873The Trump administration is threatening to target $11 billion in European goods with tariffs as part of a spat over subsidies for the world’s two biggest aircraft makers, escalating an American trade war on a second continent. What Happened The U.S. is threatening the tariffs in response...
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WTO To Start Talks Aimed At Establishing Rules For E-Commerce
Friday, January 25, 2019 - 9:05pm | 903The World Trade Organization said today that member nations will begin talks in March to put in place global rules governing the fast-growing e-commerce sector, a clear sign the WTO understands its traditional protocols aren't suited to a relatively new but increasingly mainstream way of doing...
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WTO Downgrades Global Trade Outlook Citing Tighter Credit And Escalating Tensions
Monday, October 1, 2018 - 11:35am | 597The World Trade Organization (WTO) has downgraded its outlook for global trade this year and next, citing tighter credit market conditions and escalating trade tensions as the main drivers. Outlook has been cut by 11.4 percent from 4.4 percent to 3.9 percent in 2018 and down 7.5 percent to 3.7...
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Former U.S. Trade Representative Talks Legality Of A Border Tax, Trump's Cancellation Of TPP
Friday, March 10, 2017 - 12:38pm | 372Robert Holleyman, a former U.S. trade representative, was a guest on CNBC's "Squawk Box" segment Friday morning to talk about the proposed border adjustment tax and the Trans-Pacific Partnership. According to Holleyman, there are still plenty of unknowns and variables, including what effect a tax...
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Market Wrap For March 26: Markets Close Near Session Lows In Yet Another Volatile Trading Session
Wednesday, March 26, 2014 - 4:46pm | 2082U.S. stocks failed to rise in a choppy session which began the day in positive territory. Shares reversed and turned negative with technology stocks leading the way. The CBOE Volatility Index, also known as the "fear index" rose 3.9 percent to 14.57 despite economic data released today coming...
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U.S. and Russian CEOs Meet with President Medvedev to Support Russia's WTO Accession
Friday, June 17, 2011 - 8:15am | 233The U.S.-Russia Business Council Board Members, led by USRBC Chairman Klaus Kleinfeld of Alcoa, met today with President Medvedev in St. Petersburg at The St. Petersburg International Economic Forum to present him with a letter voicing their full support for the Russian Federation's accession to...
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White House Should Take Currency Actions, Against China, Says Clyde Prestowitz
Monday, September 27, 2010 - 3:58pm | 437Trade expert Clyde Prestowitz was on Kathleen Hay's Advantage Show, on Bloomberg Radio, late last week. Presowitz was a trade negotiator in the Reagan Administration, and has also worked with the Clinton Administration on trade issues. His latest book is called “The Betrayal of American Prosperity...
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Former Bush Trade Rep. Says Whitehouse ‘Pulling its Punches' on China.
Monday, September 20, 2010 - 7:14pm | 340Former U.S. Trade Representative Susan Schwab talked about China's currency policy and U.S.-China trade relations, with Margaret Brennan on Bloomberg Television's InBusiness today. The yuan strengthened to a 17 year-high on speculation the Chinese government will yield to increased political...
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US Trade Office Acknowledges EU-Boeing Report
Wednesday, September 15, 2010 - 2:14pm | 151The U.S. Trade Representative office reported the receipt of an interim report from the WTO against Boeing Company (NYSE: BA), alleging government subsidies to the company. The trade office refused to comment in order to maintain the confidentiality of the report. The office said, "We can confirm...