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#wto

9 posts8 participants0 posts today
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Nonilex

#China announced the #RareEarth #minerals controls late on Friday as part of a broader package of #tariffs & company restrictions in #retaliation for #Trump's decision to hike tariffs against most Chinese products to 54%.

China announced additional tariffs of 34% on #US goods.

It added 11 entities to the "unreliable entity" list.

And it filed a complaint at the World Trade Organization #WTO.

#Trump #economy #geopolitics #inflation #recession #trumpcession #ETTTTS
reuters.com/markets/europe/eur

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ˈdälfən™🐬 💥 🌊

/3 of 3

~WTO staff comfort themselves that the Trump admin has not so far said it will leave the trade body.

‘It can survive this if the non-U.S. WTO members agree to remain committed to the obligations they've made, and decide they can run the system without the U.S’

(Note: The US has been WTO’s largest financial contributor. Trump crippled the WTO his first term when he blocked judge appointments to its top appeals court.)

#trump#USA#WTO
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Yle Uutiset

Trumpin tullipolitiikka vie Yhdysvallat 1800-luvulle ja haittaa sen omia etuja, sanoo talousprofessori

Viimeksi vastaava kauppasota oli 1930-luvulla, sanoo taloushistorian professori. Silloin tullit pahensivat globaalia talouskriisiä.

yle.fi/a/74-20153699

Yle Uutiset · Trumpin tullipolitiikka vie Yhdysvallat 1800-luvulle ja haittaa sen omia etuja, sanoo talousprofessoriViimeksi vastaava kauppasota oli 1930-luvulla, sanoo taloushistorian professori. Silloin tullit pahensivat globaalia talouskriisiä.
#Yhdysvallat#Donaldtrump#Kauppasodat
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Vittoria Pirone 🇪🇺

Scrambling to limit the "dire" consequences of sweeping new US tariffs, the EU on Thursday told President Donald Trump the door remained open for trade talks -- while threatening retaliation like targeting US Big Tech if negotiations fail. FRANCE 24's David Keating reports from Brussels.
#EU #US #tariffs #economics #WTO #commerce

youtube.com/watch?v=YBjPcCboU7M

YouTubeEU threatens US tech but keeps door open to Trump tariff talks • FRANCE 24 EnglishBy FRANCE 24 English
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Vittoria Pirone 🇪🇺

Prime Minister Mark Carney said Thursday that Canada will match U.S. President Donald Trump’s 25% auto tariffs with a tariff on vehicles imported from the United States. Trump's previously announced 25% tariffs on auto imports took effect Thursday. The prime minister said he told Trump last week in a phone call that he would be retaliating for those tariffs. FRANCE 24's Christopher Guly reports from Ottawa.
#Canada #US #tariffs #trade #economics #WTO #commerce

youtube.com/watch?v=8yQc0wzJMXU

YouTubeCanadian prime minister says Canada will match US auto tariffs • FRANCE 24 EnglishBy FRANCE 24 English
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CiieePiiee

@kattascha ich empfehle die Lektüre des Artikels von #stephenMiran aus 11.2024 übersetzt: "Leitfaden für die Umstrukturierung
des globalen Handelssystems" hudsonbaycapital.com/documents hier steht das Drehbuch. Nach den Zöllen kommt der Entzug des US Sicherheitsschirms für alle die nicht spuren. Es geht um d. erzwungene Abwertung d. US Dollars, mit d. sich Trump auf Kosten aller entschulden wird. Das ist kein Handelskrieg sondern ein Wirtschaftskrieg. Komplettschaden für das #wto u. #Faschismus pur

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Walter Menteth

US has now exited the #WTO (World Trade Org.) #GPA (General #Procurement Agreement) which Reagan & Thatcher effectively wrote as a central pillar of neoliberalism & which monetarised all values. #US has consistently opposed consideration of other values #sustainability, #ecology, #human values, EDI etc. which globally others have sought.
With US exiting into isolationism huge opportunity now arises for a global reset.
US corporate capital has been looting & pillaging for too long.

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Tim Finnerty

@randahl Perhaps economists on the thread can chime in with their favourite #FreeTrade and specialisation arguments. For the rest of us, we have to dig out #AdamSmith et al.

The world tried for decades to agree on unrestricted, international trade #WTO and now it's like you have to debate the underlying principles again.

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Creebhills

US suspends financial contributions to WTO: The United States has suspended its financial contributions to the World Trade Organization (WTO), as the administration of President Donald Trump intensifies its initiatives aimed at reducing governmental expenditures. The Trump administration is reported to be distancing itself from international institutions that it perceives as conflicting with its “America First” economic doctrine. The administration intends […] creebhills.com/2025/03/us-susp #News #WTO

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Chuck Darwin

A U.S. delegate told a March 4 #WTO budget meeting that its payments to the 2024 and 2025 budgets were
👉on hold pending a review of contributions to international organisations
-- and that it would inform the WTO of the outcome at an unspecified date, two trade sources with direct knowledge of the meeting said.

A third trade source confirmed their account and said the WTO was coming up with a #PlanB in case of a prolonged funding pause, without elaborating.

The WTO has already been hobbled by a U.S. move in 2019 during Trump's first term to block new judge appointments to its top appeals court,
which left its key dispute settlement system only partially functional.

Washington had accused the WTO Appellate Body of judicial overreach in trade disputes.

The Geneva-based trade watchdog had an annual budget of 205 million Swiss francs ($232.06 million) in 2024.

The United States was due to contribute about 11% of that based on a fees system that is proportionate to its share of global trade, according to public WTO documents.

reuters.com/world/us-suspends-

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Nonilex

The #UnitedStates has paused contributions to the #WorldTradeOrganization [#WTO], 3 trade sources told Reuters, as #Trump's admin ramps up efforts to cut govt spending.

The Trump admin is retreating from global institutions it sees as at odds w/his "America First" economic policies. It plans to quit some, such as the #WorldHealthOrganization [#WHO], & has cut contributions to others as part of a broad review of federal spending.

reuters.com/world/us-suspends-

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demi7en 🎗🇪🇺

@w7voa Another short story when the CCP allowed their Chinese subjects to celebrate online:

"Let's jump back to autumn 2001 when the *republican* neo-con administration of George W. Bush launched the second Iraq War for which the USA is still paying heavy financial and *reputational* cost.

On the early Chinese forums people were delirious with joy. (i.e. "permitted speech" in the PRC)

Just a year earlier in 2000 the USA had agreed to allow #China to join the #WTO... and in 1994, only a few years after the #Tiananmen massacre, the USA had handed the CCP/PRC the coveted Most Favored Nation (MFN) status.

Yet for the Chinese regime it's not enough for them to win; the USA and all other non-submissive democracies must lose.

I was still rather dismayed back in 2001, but only until I understood the policy."

NB: This is part of a post I made on Nov 7, 2024 in response to the Chinese *celebrating* the result of the most recent US presidential elections...

infosec.exchange/deck/@demi7en

It's a little odd that the Chinese communist dictatorship never allows its subjects to celebrate when the United States or the Democratic Left succeeds in something... 🧐

Infosec Exchangedemi7en 🎗🇪🇺 (@demi7en@infosec.exchange)A "fun" anecdote: First now, 2024. (Note that in the #PRC messages that stay up for more than few minutes let alone go viral are de facto sanctioned by the #CCP dictatorship.) 👉️ On Chinese social media platform Weibo, one of the most liked comments is from a user saying: “There will be a lot of fun to watch over the next four years.” 👈️ (BBC running commentary on you-know-what) https://www.bbc.com/news/live/czxrnw5qrprt Now let's jump back to autumn 2001 when the *republican* neo-con administration of George W. Bush launched the second Iraq War for which the USA is still paying heavy financial and *reputational* cost. On the early Chinese forums people were delirious with joy. (i.e. "permitted speech" in the PRC) Just a year earlier in 2000 the USA had agreed to allow #China to join the #WTO... and in 1994, only a few years after the #Tiananmen massacre, the USA had handed the CCP/PRC the coveted Most Favored Nation (MFN) status. Yet for the Chinese regime it's not enough for them to win; the USA and all other non-submissive democracies must lose. I was still rather dismayed back in 2001, but only until I understood the policy.
#CCP#VOA
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