Reading Time: 2 minutes The U.S. has vowed to relegate the World Trade Organization to only a limited role in global trade policy, following the breakdown of talks at recent ministerial meetings, if the body fails to reinstitute a moratorium on e-commerce duties.
U.S. vows to seek WTO alternatives after Cameroon talks break down
“Major setback for global trade”: WTO suffers fresh blow after reform push hits wall
Reading Time: 3 minutes The World Trade Organization’s ministerial talks in Yaounde ended on Monday with Brazil blocking a bid by the U.S. and others to prolong a moratorium on duties for electronic transmissions.
WTO chair rules out reform deal at next major meeting, document shows
Reading Time: 2 minutes Countries are making progress on reforming the World Trade Organization (WTO) but will fall short of clinching a deal at a major meeting early next year, the ambassador leading the talks said in a confidential document.
U.S. and China reach deal to temporarily slash tariffs
‘Very positive news’ for countries’, global economies says analyst
Reading Time: 3 minutes The U.S. and China announced they'd reached a deal to temporarily cut tariffs in a move that offered a reprieve to global economies.
WTO chiefs past and present demand rapid reform to keep global free trade alive
Reading Time: 2 minutes A former World Trade Organization boss has said the future terms of global trade, rocked by U.S. President Donald Trump’s sweeping protectionist tariffs, could be decided outside the 30-year-old international watchdog unless it reforms itself fast.