World Trade Organization

The United States made an announcement that it will impose new customs duties on goods from the European Union. They take effect in 2 weeks. French wines, Scotch whiskey, Italian cheeses and many other goods will be subject to a 25% duty. Countermeasures are already being prepared in Europe.

Donald Trump has announced that if necessary, the United States will leave the World Trade Organization (WTO), AFP reports.

During a visit to Pennsylvania, the president announced, "We know the WTO has been screwing us for years. That won't happen again. "

The World Trade Organization is often the target of various attacks by Donald Trump.

Just days after the agreement for peace in the US-China trade war, US officials increased the pressure on Europe in the long-term dispute over Airbus aircraft subsidies, threatening to impose high tariffs on imports of additional EU goods worth 4 billion dollars, reports Econ.bg

World Trade Organization Reform (WTO) and balancing bilateral trade will be among the key issues at the EU-China summit, to be held in Brussels on 8-9 April.

The United States intends to end Turkey's preferential trade treatment under a program that allowed some exports to enter the United States duty free, the US Trade Representative's Office said on Monday.

Turkey is no longer eligible to participate in the Generalized System of Preferences program because it "is sufficiently economically developed," USTR said in a news release.

The World Trade Organization (WTO) is in a difficult situation at the moment, and swift action is needed for this entity not to fall apart, Cecilia Malmstrom, European Commissioner for Trade told on Friday a joint press conference held at the Parliament Palace with the Minister for the Business Milieu, Commerce and Entrepreneurship, Stefan-Radu Oprea.

The World Trade Organization (WTO) needs to be reformed urgently and needs to be strengthened, because at present it is incapable of making decisions, European Commissioner for Trade Cecilia Malmstrom said Thursday in Bucharest. The European representative warned that should the WTO collapse, there would be catastrophic consequences in the economy.

The annual meet of World Economic Forum (WEF) will begin today in Davos, reported All India Radio. 

World leaders from across the globe will flock to the ski resort town on the Swiss Alps for five days to discuss what's ailing the world amid fears of the global economy sleepwalking into a crisis. 

Turkey has won its first appeal at the World Trade Organization (WTO) against additional U.S. tariffs imposed on steel imports, Trade Minister Ruhsar Pekcan said on Dec. 19.

President Donald Trump has threatened to withdraw the US from the World Trade Organization (WTO), claiming it treats his country unfairly.

"If they don't shape up, I would withdraw from the WTO," Mr Trump said in an interview with Bloomberg News.

The WTO was established to provide rules for global trade and resolve disputes between countries.