Bryce Baschuk
BNN Bloomberg
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EU, U.S. Reach Deal to End Boeing-Airbus Trade Dispute
The U.S. and the European Union agreed to extend a tariff truce for five years, parking a dispute over aircraft subsidies given to Airbus SE and Boeing Co. that saw the allies impose duties on US$11.5 billion of each other’s exports. → Read More
WTO formally appoints Okonjo-Iweala as its first female leader
The World Trade Organization selected Ngozi Okonjo-Iweala to be the first woman and first African as its leader, tasking the former Nigerian finance minister with restoring trust in a rules-based global trading system roiled by protectionism and the pandemic. → Read More
U.S. sows more WTO turmoil by vetoing front-runner for top job
The World Trade Organization’s effort to select a leader and chart a new course for the global trading system hit a roadblock Wednesday after the Trump administration vetoed front-runner Ngozi Okonjo-Iweala’s bid to be the WTO’s next director-general. → Read More
U.S. appeals WTO ruling that Trump's China tariffs were illegal
The Trump administration on Monday appealed a World Trade Organization dispute ruling that said American tariffs on more than US$234 billion of Chinese exports violated international rules, a move that rendered the decision effectively moot. → Read More
WTO sees less severe global trade slump this year, weak rebound
The World Trade Organization offered a less gloomy projection for this year’s decline in global trade while noting that downside risks remain if resurging outbreaks of COVID-19 stall the economic recovery. → Read More
U.S. violated trade rules with tariffs on China, WTO says
The World Trade Organization undercut the main justification for President Donald Trump’s trade war against China, saying that American tariffs on Chinese goods violate international rules. → Read More
U.S. trade chief lays out his vision to revive the ailing WTO
America’s top trade official, Robert Lighthizer, laid out his vision for overhauling the World Trade Organization, which is confronting the most challenging period in its 25-year existence with a looming leadership void and the virtual paralysis of its core functions. → Read More
Dysfunction deepens at the WTO
Trade officials in Geneva on Friday failed to select an acting leader of the World Trade Organization to take over when current Director-General Roberto Azevedo steps down on Aug. 31. → Read More
U.S. targets US$3.1B of EU, U.K. imports for new tariffs
The U.S. is weighing new tariffs on US$3.1 billion of exports from France, Germany, Spain and the U.K., adding to an arsenal of measures the Trump administration is using against the European Union that could spiral into a wider transatlantic trade fight later this summer. → Read More
U.S. downplays prospect of 2020 trade deals with U.K., EU
America’s top trade negotiator downplayed expectations for new agreements this year with the U.K. and European Union, reiterating that tariffs remain a potent weapon that President Donald Trump won’t hesitate to deploy in order to force concessions from Brussels and London. → Read More
WTO chief, citing chaos, says he's not the right man for the job
The top official at the World Trade Organization said his decision to step down from his role a year early is the best way to avoid more chaos at the alliance, which has already been hobbled by attacks from President Donald Trump and the start of a global recession. → Read More
Major exporters pledge to avoid disrupting global food supplies
Some of the world’s largest agricultural exporters are growing concerned that the coronavirus pandemic has caused a worrisome rash of government policies that threaten to disrupt the global supply of food. → Read More
Germany, Canada among top economies with most to lose, ING says
Germany and Canada are among the world’s major economies most exposed to coronavirus-related shocks because of their dependence on trade, according to a recent report published by analysts at ING Group. → Read More
Trump considers withdrawing from WTO's US$1.7T purchasing pact
The U.S. is mulling a plan to withdraw from a global pact worth $1.7 trillion in government contracts, a person familiar with the matter said, in a move that may anger close allies during a delicate moment for trade. → Read More
Trump to attend Davos forum amid impeachment Iran concerns
In the list released by the World Economic Forum on Tuesday, there’s no entry for Iran, which is dealing with rising protests following the downing of a Ukrainian passenger plane last week. → Read More
WTO the biggest loser amid U.S.-China trade deal
Last week the U.S. both neutered the WTO’s enforcement process and showed with the China deal that unilateralism can produce faster outcomes for America than the WTO has in decades. → Read More
U.S. wins US$7.5B sanctions against EU in WTO aircraft fight
The World Trade Organization gave President Donald Trump the go-ahead to impose tariffs on as much as $7.5 billion worth of European exports annually in retaliation for illegal government aid to Airbus SE. → Read More
WTO sees sharp drop in global trade growth amid tariff wars
The World Trade Organization cut its global trade growth forecast for this year to the weakest level in a decade, warning that further rounds of tariffs in an environment of heightened uncertainty could spark a “destructive cycle of recrimination.” → Read More
A new twist for Trump's long, winding path to USMCA
A big advantage of President Donald Trump’s pursuit of bilateral trade negotiations like his limited agreement this week with Japan is that it largely avoids the need to run those deals through Washington’s legislative gauntlet. → Read More
U.S. can sanction nearly US$8 billion of EU goods over Airbus aid
The U.S. duties, which could hit as soon as October, will target planes and parts as well as luxury products, such as wine and spirits like Dom Perignon and Moet & Chandon -- and leather goods under labels such as Givenchy and Louis Vuitton, according to a list published by the U.S. Trade Representative’s office. → Read More