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The Latest Breaking News from WTO

China gives up developing-country treatment in bid to boost WTO in face of Trump tariffs

China will no longer seek the special treatment given to developing countries in World Trade Organization agreements — a change long demanded by the United States

The Independent UK

What the WTO’s deal to curb fisheries subsidies means and what it could achieve

After nearly 25 years of negotiations, the World Trade Organization (WTO) finally has its first legally binding agreement to tackle government fisheries subsidies. After two-thirds of WTO members ratified the Agreement on Fisheries Subsidies, the deal has entered into force. It marks a long-overdue step toward addressing the role harmful…

The Conversation

Landmark WTO deal shifts course in global effort to curb overfishing

A global deal to protect fish stocks that billions of people rely on for food and jobs came into force this week after more than 20 years of talks. Governments have agreed to stop giving subsidies to boats that break rules against overfishing – but the agreement does not yet…

Radio France Internationale

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Why the European Union won't hit China with the 100% tariffs that Trump wants

Donald Trump's request for 100% tariffs on China is unlikely to gather the necessary support among European Union countries.

Euronews

Long-wrought WTO global agreement aimed at reducing overfishing takes effect

A World Trade Organization agreement aimed at reducing overfishing has taken effect

The Independent UK

WTO Fishing Deal: The Net Results

The World Trade Organization's agreement on fisheries subsidies -- its first environmentally focused accord -- enters into force on Monday after years of thorny negotiations at a time of heightened international trade tensions.

International Business Times

UTime Stock Surges Over 64% After-Hours Amid Fraudulent Press Release Controversy

UTime Ltd. (NASDAQ:WTO) shares jumped 64.84% to $2.11 during after-hours trading on Thursday after the Chinese mobile device manufacturer clarified that unauthorized press releases claiming management changes were fraudulent.

Benzinga

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Does the EU-US trade deal break WTO rules?

By granting tariff advantages to the US, the EU risks violating WTO international trade rules. The political impact could be significant.

Euronews

EU Commission's US trade deal set for rocky reception in Parliament

The EU Commission has launched implementation of its trade agreement with the US, promising to ease the burden on the EU automotive sector. But the adoption of the text is not guaranteed, with some MEPs denouncing the agreement as unbalanced.

Euronews

Brazil Seeks WTO Relief Against Trump Tariffs

Brazil on Wednesday approached the World Trade Organization (WTO) for relief against a hefty trade tariff imposed by President Donald Trump on more than a third of US-bound exports from the Latin American powerhouse.

International Business Times

NZ is looking for a deal over Trump’s new tariffs – that could come with a high political price

When the Trump administration arbitrarily imposed 15% tariffs on New Zealand exports on August 1, up from a previously announced 10%, no one should have been surprised.

The Conversation

Tariff wars: Has Donald Trump killed the WTO?

In the wake of Trump’s global trade war, can the World Trade Organization reclaim its role as guardian of free trade?

Al Jazeera

Trump Gets His Way On Tariffs, But Global Trade System Intact For Now

President Donald Trump has succeeded in strong-arming nations to accept higher tariffs on US exports, yet for now experts see little threat to the postwar trend of lower duties in the pursuit of greater wealth all around.

International Business Times

WTO Marginalized As EU–US Trade Deal Signals Shift Away From Multilateralism

Once considered the crown jewel of post-war economic cooperation, the WTO was neither mentioned in the joint press statements nor acknowledged in the deal's architecture.

International Business Times

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Fortune

Trump's law of the jungle means U.S. trade deals aren't worth the paper they're printed on, trade expert warns

Without a means of enforcing bilateral trade agreements, Trump could simply change the terms of any deal down the road. The answer is to kick the U.S. out of the World Trade Organization, argues professor Kristen Hopewell.

Benzinga

India Hits Back At US, Plans Retaliatory Tariffs at WTO

India has reportedly notified the World Trade Organization (WTO) of its intention to impose retaliatory tariffs against the United States, following Washington’s decision to enforce a 25% import duty on foreign-made automobiles and auto components.

Fortune

BRICS leaders are set to meet in Brazil as they try to build a united front against trade protectionism

Trade and tariffs will be high on the agenda at the upcoming BRICS summit in Brazil, but geopolitical divisions and conflict could be distractions.

Euronews

Let's create a new World Trade Organization - Von der Leyen

European Commission chief Ursula von der Leyen has proposed to EU leaders the launch of a Europe-led initiative to establish a structured trade cooperation with Asian countries, potentially laying the groundwork for an alternative to the gridlocked World Trade Organisation (WTO).

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The Guardian - UK

Post-Brexit Britain ‘too focused’ on major trade deals, ministers say

New strategy to focus on ‘more agile’ modest agreements, as opposed to wide-ranging deals

Euronews

Ursula von der Leyen's return as China hawk shuts down talk of diplomatic reset

Von der Leyen's hawkish intervention at the G7 summit has dented hopes of a diplomatic reset between the EU and China.

Salon

The cringe-ification of protest

Social media is undermining the power of protest by framing it as "cringe," making the front line of change weaker

Euronews

China hits back at Ursula von der Leyen's 'baseless, biased' speech at G7 summit

The much-speculated EU-China reset looks in trouble after both sides exchanged sharp accusations in the last few days.

Euronews

Von der Leyen blasts China's 'blackmail' in direct appeal to Trump at G7 summit

During the G7 summit, Ursula von der Leyen said the source of "the biggest collective problem" in the global trading system dates back to China's accession to the World Trade Organization (WTO) in 2001.

Reason

No, Trade With China Did Not Kill the U.S. Economy

A new comprehensive review finds the negative effects of trade with China have been significantly exaggerated.

AAP

Call for local steel mandate in face of Trump's tariffs

The federal government is being urged to protect Australian jobs after US President Donald Trump announced a plan to double levies on foreign steel.

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