World Trade Organization

India has reportedly notified the World Trade Organization (WTO) of its intention to impose retaliatory tariffs against the United States, following Washington’s decision to enforce a 25% import duty on foreign-made automobiles and auto components. According to the notification, the Indian...

In a bold move against the United States’ tariff policy, the European Union (EU) is preparing to present its case at the World Trade Organization (WTO). The EU is also proposing countermeasures worth €95 billion ($107.4 billion). What Happened: The European Commission is planning to challenge...

The International Monetary Fund, or IMF, has expressed concern over escalating trade tensions sparked by new U.S. tariffs but emphasized that a global recession is not on the horizon. The organization acknowledged a sharp rise in economic uncertainty, particularly in relation to trade policy, yet...

The World Trade Organization’s (WTO) chief issued a warning on Thursday about the potentially disastrous impact of trade wars on global economic growth. What Happened: Ngozi Okonjo-Iweala, the WTO’s Director-General, voiced her concerns during a debate at the World Economic Forum...

China escalated its trade dispute with the European Union (EU) on Monday by lodging a formal complaint with the World Trade Organization (WTO) regarding the EU’s recently imposed tariffs on Chinese-made electric vehicles.  The Details: China’s diplomatic mission to the WTO said it "...

The World Trade Organization (WTO) is holding a crucial meeting in Abu Dhabi, where ministers from nearly every country are aiming to set new global commerce rules. However, the WTO’s chief has cautioned against overly ambitious expectations. What Happened: The WTO’s biennial meeting,...

In the wake of the recent SEC lawsuit against Tron (CRYPTO: TRON) blockchain founder Justin Sun, the Grenadian government has announced the end of his term as the Ambassador of Grenada to the World Trade Organization (WTO) effective March 31. In a series of tweets on Friday, Sun expressed his...

Consumers had to rethink the way they shopped as a result of COVID-19 lockdowns and the resulting social isolation. Many reconfigured their priorities as well as spent more time online, including shopping, than ever before. Retailers worldwide were forced to restrict the...

The World Trade Organization has determined that the European Union continues to subsidize the Airbus A350, according to a Monday Reuters report. The finding concludes a second compliance procedure related to EU support for the plane manufacturer.  The WTO issued a panel report on the...

The Trump administration is threatening to target $11 billion in European goods with tariffs as part of a spat over subsidies for the world’s two biggest aircraft makers, escalating an American trade war on a second continent. What Happened The U.S. is threatening the tariffs in response...

Robert Holleyman, a former U.S. trade representative, was a guest on CNBC's "Squawk Box" segment Friday morning to talk about the proposed border adjustment tax and the Trans-Pacific Partnership. According to Holleyman, there are still plenty of unknowns and variables, including what effect a tax...

Wilbur Ross is a billionaire investor best known for restructuring failed companies within steel, coal, telecommunication and other sectors. In an op-ed published on CNBC Friday, Ross and Peter Navarro, a professor of economics and public policy at the Paul Merage School of Business, threw their...

Back in September, Benzinga reached out to Gordon Johnson of Axiom Capital to weigh in on the parabolic rally in shares of United States Steel Corporation (NYSE: X) as the issue approached the $46.00 level. To say the least, he was skeptical of the rally and could not come up with a scenario that...

U.S. stocks rose as earning season unofficially kicked off with Citigroup reporting better than expected earnings. The Dow Jones Industrial average set new intra-day records, hitting an all time high of 17,088.43 as investors appear to be comfortable with holding blue chips instead of...