WTO news

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.

An appeals court judge at the World Trade Organization (WTO) says the United States did not fully comply with its ruling and could face Chinese sanctions if it does not remove certain tariffs that break WTO rules.

India’s proposal to safeguard the right of special provisions for emerging economies that have been challenged by Washington will be supported by Chinese and South African authorities, according to the Economic Times.

US President Donald Trump has vowed to impose import tariffs on $11 billion worth of goods from the European Union after the World Trade Organization (WTO) ruled EU subsidies to Airbus caused “adverse effects” to the US.

The US Trade Representative (USTR) said on Monday it was weighing tariffs on billions of dollars’ worth of goods from the European Union in retaliation to the subsidies allegedly provided to Boeing’s rival, Airbus.