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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.
Delivering final word in a nearly 14-year standoff, a World Trade Organization body has ruled that Boeing received an illegal U.S. tax break from Washington state that damaged sales by European archrival Airbus.
The World Trade Organization panel has ruled in favor of the United States in a dispute with China over agricultural subsidies, saying Beijing went beyond WTO limits in its support for wheat and rice producers.
Tension between the U.S. and China is about to get more complicated, with the World Trade Organization ready to investigate President Donald Trump’s tariffs on $250 billion worth of Chinese goods.
Treasury Secretary Steven Mnuchin expressed cautious optimism Saturday over efforts to resolve trade tensions that have rattled financial markets and clouded the global economic outlook.
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.
The World Trade Organization warned Friday that U.S. President Donald Trump is risking an economically damaging trade war if he goes ahead with plans to impose steep tariffs on steel and aluminum imports.
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.
The appellate body of the World Trade Organization has rejected claims by the European Union against tax incentives provided by Washington state to Boeing, handing a victory to the U.S. plane maker.
A World Trade Organization panel on Monday ruled that Washington state offered billions in illegal tax breaks to plane maker Boeing, and that the U.S. government must take action to end the plans within months.
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 After more than a decade of wrangling, Congress repealed a labeling law last month that required retailers to include the animal’s country of origin on packages of red meat.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.
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.
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.
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.
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.
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.