Tag: World Trade Organization

A Scotch Maker’s Challenge: First Brexit. Now Tariffs.

ISLAY, Scotland — Britain’s planned departure from the European Union has turned distiller Anthony Wills’s workdays into a marathon of logistics. For months, he communicated with importers to ensure that his single malt, whisky distilled from barley harvested from his farm on the windswept isle of Islay, could be shipped to the Continent and the […]

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Why We Worry About the U.S.-China Trade War

The 18-month trade war between the United States and China represents the single greatest threat to global economic growth today. A failure to bring the trade war to a satisfactory conclusion significantly increases the risk of recession next year in the United States, Europe, Japan and other developed and emerging economies. It would also seriously […]

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How Boeing vs. Airbus Became Trump vs. Europe

Just weeks after his inauguration, President Trump toured Boeing’s factory in North Charleston, S.C., holding a rally with workers, admiring a new 787 Dreamliner and calling on the company to bring down the cost of new Air Force One planes. But Boeing wanted something from Mr. Trump, too. During a private conversation at the event, […]

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Why Trump Just Made Your Dinner More Expensive

American shoppers may not have paid close attention to a 15-year controversy involving generous subsidies that the European Union provided Airbus, its largest aircraft manufacturer. But that long-running dispute between Europe and the United States is about to turn up at the supermarket. The Trump administration said on Wednesday that, starting Oct. 18, it will […]

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U.S. Can Recoup $7.5 Billion in Airbus Subsidies Case at W.T.O.

WASHINGTON — The World Trade Organization granted the United States permission to impose $7.5 billion of tariffs annually on the European Union as part of a long-running complaint over subsidies given to European plane maker Airbus, clearing the way for the Trump administration to tax European airplanes, wine and other products. The ruling is the […]

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Markets Slide After Signs of Weakening Trade

Markets sank in Europe on Wednesday morning after data published a day earlier pointed to weakening trade, slower manufacturing and increasing risk of a global recession. By midday in Europe, London’s FTSE 100 had fallen 1.7 percent and the CAC 40 in France had dropped 1.6 percent. The DAX in Germany was 1.2 percent lower. […]

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W.T.O. Forecasts Global Trade Slowdown Amid Uncertainty

LONDON — President Trump’s escalating trade war with China and the continued weakening of the global economy have combined to deliver a significant slowdown in the volume of trade, prompting the World Trade Organization to sharply reduce its forecast for this year and 2020. World trade in merchandise is expected to expand by only 1.2 […]

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Trump Cleared to Put More Tariffs on Europe in Airbus Case

WASHINGTON — The World Trade Organization will grant the United States permission to impose tariffs on the European Union as part of a prolonged scuffle over subsidies given to European plane maker Airbus, European officials said Monday, a move that is likely to exacerbate trade tensions across the Atlantic. The ruling, to be published in […]

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Japan, Taking a Page From Trump, Uses Trade Against South Korea

Last month, before an audience of world leaders, Prime Minister Shinzo Abe of Japan forcefully defended the global trade order that President Trump has so dramatically fractured. “A free and open economy,” he told leaders of the Group of 20 nations in Osaka, Japan, “is the foundation of global peace and prosperity.” Two days later, […]

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Globalization Is Moving Past the U.S. and Its Vision of World Order

LONDON — If globalization were ever going to unravel, the beginning would probably feel something like this. President Trump, the leader of the country that built the world trading system, continues to disrupt international commerce as a weapon wielded in pursuit of national aims. He has unleashed trade hostilities with China, placed tariffs on steel […]

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How Trump’s Trade War Is Being Fought Around the World

President Trump on Thursday threatened to hit Mexico with new tariffs, escalating his immigration fight with America’s largest trading partner. And with that, he showed, once again, that he’s ready to employ trade as an all-purpose tool for his policy goals. Mr. Trump is juggling multiple trade conflicts today, with allies and rivals alike. His […]

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Trump’s Trade War and Its Many Fronts

President Trump on Thursday threatened to hit Mexico with new tariffs, escalating his immigration fight with America’s largest trading partner. And with that, he showed, once again, that he’s ready to employ trade as an all-purpose tool for his policy goals. Mr. Trump is juggling multiple trade conflicts today, with allies and rivals alike. His […]

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