WTO news

The World Trade Organization (WTO) has ruled that some $7 billion in Indian export subsidies violate trade rules and should be halted, upholding an American complaint filed last year and prompting US officials to declare victory.

The World Trade Organization (WTO) on Monday formally authorized the United States to impose tariffs on up to $7.5 billion of imports of European Union goods after an arbitrator’s decision over subsidies to plane maker Airbus.

The ongoing trade war between the world’s two biggest economies has led WTO economists to have a gloomier growth outlook for global trade this and next year, downgrading previous expectations.

The Chinese Commerce Ministry said on Monday that it has launched a case against the United States with the World Trade Organization (WTO) over US import duties.

The US withdrawal from the World Trade Organization (WTO) could lead to the extinction of the regulating body, the Kremlin said following US President Donald Trump’s warning that Washington may leave the organization.

US President Donald Trump has questioned China and India’s developing country status, saying they are “taking advantage” of lenient treatment granted to them under global trade rules.