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Wednesday, October 28, 2020  Spokane, Washington  Est. May 19, 1883
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From jets to cheese: Trump wants to impose new tariffs on EU

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 trade in its favor.

Trump tariffs undermine trust in rules-based global commerce

The Trump administration’s move to impose tariffs on countries like China undermines the rules-based system of global commerce that the United States itself helped create after World War II, experts and trading partners say.

Boeing boosted by ruling throwing out EU claim of state aid

Boeing notched a key victory in a years-long legal case against its European rival, Airbus, after an international body rejected the European Union’s claims that Washington state was giving Boeing illegal tax incentives.

U.S. repeals meat labeling law after WTO rulings against it

WASHINGTON – It’s now harder to find out where your beef or pork was born, raised and slaughtered. After more than a decade of wrangling, Congress repealed a labeling law last month that required retailers to include the animal’s country of origin on packages of red meat. It’s a major victory for the meat industry, which had fought the law in Congress and the courts since the early 2000s.

U.S. disputes China’s export subsidies, says they violate fair trade rules

WASHINGTON – The United States is challenging China at the World Trade Organization, alleging the Chinese government unfairly subsidizes exports in seven industries. The Office of the U.S. Trade Representative said Wednesday that China designates certain export companies as “demonstration bases” that receive free or discounted services from suppliers. The U.S. says China paid the suppliers almost $1 billion over three years to provide those services.

EU to appeal ruling by WTO on Airbus

GENEVA – The European Union will appeal today a landmark trade ruling that found it gave planemaker Airbus a wide range of illegal subsidies in its battle with U.S. competitor Boeing Co., unfairly tilting a market worth more than $3 trillion over the next two decades. The appeal canvases nearly the entire case against European government support for Airbus, from the billions in low-interest government loans used to construct the A380 superjumbo to infrastructure provisions and research and development funding.

Boeing gets boost from ruling in world trade dispute

Confidentially, the United States has won a major victory for Boeing Co. in its ongoing fight against allegedly illegal European government aid to rival Airbus. Confidentially because the World Trade Organization opinion in the case has not been published, which has not stopped many an interested party from rendering 2 cents worth of commentary. Add one more to that group. I’m not starting down a 1,000-page path unless Cervantes or Tolstoy leads the way.

WTO rules on Airbus subsidies

The World Trade Organization handed down a preliminary report Friday on complaints of illegal subsidies from European governments to Airbus. Government officials weren't commenting Friday morning but members of Congress were reacting to a Wall Street Journal report that Airbus did get improper aid.

Trade ministers gather amid protectionist fears

DAVOS, Switzerland – Trade ministers gathered on the sidelines of the World Economic Forum’s annual meeting vowed on Saturday to work toward completing the long-stalled Doha Round of international trade talks this year in the face of fears a sharp global downturn and rising unemployment will spur domestic political calls for protectionist measures. “They all said the situation is becoming extremely difficult at home,” World Trade Organization Director-General Pascal Lamy told reporters.