The WTO ruled on Tuesday the EU can impose tariffs on about $US4 billion worth of US goods in retaliation for subsidies granted to aircraft maker Boeing. The US took European countries to WTO in 2004 for subsidies to rival aerospace firm Airbus, and the EU reciprocated with a case […]

The WTO Goods Trade Barometer slumped to a record low of 84.5 as of Wednesday, according to a report from the organisation. The reading is down down 15.5 points from the index baseline of 100, suggesting below-trend growth, and nearly 19 points lower on the year. “The heavy economic toll […]

The US goods and services deficit – touted by President Trump as the top trade scorecard – widened to $US54.6 billion in May from $US49.8 billion, the Commerce Department announced Thursday. Exports plummeted to $US144.5 billion from $US151.1 billion to hit its lowest level since November 2009. Imports shrank $US1.8 […]

The Trump administration plans to call for a “broad reset” of World Trade Organisation tariffs in its latest conflict with the global authority. The US levies a mere 3.4% average rate, while the European Union and China charge 5.1% and 10%, respectively, under WTO rule. The organisation’s tariff rates “no […]

Volumes in global trade contracted in 2019, according to the CPB World Trade Monitor. It’s the first time since the financial crisis that has been the case. There had been hope that 2020 could be different from 2019, Bloomberg reported, but coronavirus might dash that optimism. Visit Business Insider’s homepage […]

Maersk, the world’s biggest container-shipping company, is sounding the alarm on global trade in 2020. In its latest earnings report, the Danish company said that trade wars and Brexit “softened” global trade. “The continued weakening of global sentiment, above all in the manufacturing sector, reduces the likelihood of a growth […]

AP Moller-Maersk, the world’s biggest container shipping company, just gave a stark warning that global trade is slowing down – a sign that the trade war has been crushing the global economy. In its latest financial report, Maersk said that despite global container trade growing, “negative effects from escalating trade […]

South Korean exports, a data set often held up as a so-called “canary in the coalmine” for the health of the global economy are only going to suffer more as the year goes on. That’s according to Freya Beamish, chief Asia economist at Pantheon Macroeconomics. “We’ve only just begun to […]

South Korean exports, a data set often held up as a bellwether for the health of the global economy, fell off a cliff in January, pointing to a troubling slowdown in global trade. Exports from the east Asian nation dropped 14.6% year-on-year in the first 20 days of 2019, according […]

Huawei has been thrust into the news recently because of the arrest of one of its top executives and the effect it could have on US-China relations and the ongoing trade war. But the massive company – which sells more smartphones than Apple – hasn’t halted production of consumer products […]

The US and China imposed another round of tariffs on each other on Monday, further escalating the trade war between the two countries. All signs indicate their trade war is unlikely to end anytime soon, as President Donald Trump is threatening more tariffs and China called off planned talks. The […]

Donald Trump’s top economic advisers are fighting over the direction of US trade policy. The president’s protectionist adviser Peter Navarro has consistently butted heads with Treasury Secretary Steven Mnuchin. The divide between the free-trade wing of Trump’s administration and the protectionist wing is causing friction at a critical time for […]

The Trump administration is attempting to impose quotas instead of tariffs on six major US trading partners. The quotas would limit the amount of steel or aluminium a country can send to the US in a year. Trade experts say that while quotas come with economic problems similar to tariffs, […]

President Donald Trump’s tough recent talk on trade gave him some small victories, in the form of new negotiations with China and South Korea. His strategy may be an intentional ploy to extract gains in international trade. While it’s showing some signs of working, experts say his posturing may eventually […]

President Donald Trump announced new tariffs on imports of steel and aluminium on Thursday. Trump joins a long list of presidents who have attempted to use trade restrictions to boost US domestic metal producers. Studies show that these types of moves typically result in a small boost for the industries […]

President Trump announced that the US would impose tariffs on imports of steel and aluminium. The move is a concrete step toward the more protectionist trade policies the president has promised. The decision will most likely prompt retaliation from other countries, including China. Increased trade protectionism could result in retaliatory […]

LONDON -- Yngve Slyngstad, the CEO of...