The U.S. has vowed to relegate the World Trade Organization to only a limited role in global trade policy, following the breakdown of talks at recent ministerial meetings, if the body fails to reinstitute a moratorium on e-commerce duties.
U.S. vows to seek WTO alternatives after Cameroon talks break down
“Major setback for global trade”: WTO suffers fresh blow after reform push hits wall
The World Trade Organization’s ministerial talks in Yaounde ended on Monday with Brazil blocking a bid by the U.S. and others to prolong a moratorium on duties for electronic transmissions.
WTO chair rules out reform deal at next major meeting, document shows
Countries are making progress on reforming the World Trade Organization (WTO) but will fall short of clinching a deal at a major meeting early next year, the ambassador leading the talks said in a confidential document.
U.S. and China reach deal to temporarily slash tariffs
‘Very positive news’ for countries’, global economies says analyst
The U.S. and China announced they'd reached a deal to temporarily cut tariffs in a move that offered a reprieve to global economies.
WTO chiefs past and present demand rapid reform to keep global free trade alive
A former World Trade Organization boss has said the future terms of global trade, rocked by U.S. President Donald Trump’s sweeping protectionist tariffs, could be decided outside the 30-year-old international watchdog unless it reforms itself fast.