Browsing: World Trade Organization

WTO says AI could boost global trade by nearly 40% and GDP by 13% by 2040 if digital infrastructure and trade policies are adapted worldwide.

India, Russia, China and others forge stronger partnerships after Trump’s tariff moves, accelerating a realignment in global trade leadership.

US and EU sealed a landmark trade framework removing tariffs, securing energy deals worth 750 billion dollars, and expanding defense procurement.

The EU considers retaliatory action if the US enforces tariffs on steel and aluminum, stating such measures are unjustified and urging Washington to provide official details.

Trump warns tariffs on the EU and UK are imminent, citing trade imbalances, but signals Britain may negotiate a deal to avoid levies. EU vows to retaliate against potential tariffs.

WTO forecasts global merchandise trade growth of 2.7% in 2024 and 3.0% in 2025, citing easing inflation, declining interest rates, and risks from geopolitical tensions.

The European Union moves ahead with tariffs on Chinese electric vehicles despite opposition from Germany, risking potential retaliation from China in the bloc’s biggest trade clash in a decade.

The WTO’s 2024 World Trade Report highlights the crucial role of trade in narrowing income gaps and fostering economic inclusiveness, urging global cooperation for shared prosperity.

In a tit-for-tat response to Canada’s EV tariffs, China has begun investigating Canadian canola imports, threatening to exacerbate trade tensions between the two nations.