GFM Network News

U.S. set to widen trade war on EU front

London/Brussels/Washington | Reuters — The United States won approval on Wednesday to impose import tariffs on US$7.5 billion worth of European aircraft and agricultural goods over illegal EU subsidies handed to Airbus, threatening to trigger a tit-for-tat transatlantic trade war as the global economy falters. The decision by the World Trade Organization pushes a 15-year […] Read more

U.S. seeks arbitration at WTO over COOL-related sanctions

The U.S. government has mounted a new defense at the World Trade Organization for its meat label law, this time seeking arbitration against Canada’s request for trade sanctions. The WTO Dispute Settlement Body (DSB) had been scheduled Wednesday to hear Canadian trade officials’ request to authorize over $3 billion in tariffs on U.S. goods, in formal retaliation […] Read more

WTO appeal panel to rule on COOL by mid-May at latest

A World Trade Organization panel, after hearing the U.S. government’s appeal in defense of mandatory country-of-origin labelling (COOL) for meat, now expects to file its decision no later than May 18. The WTO Appellate Body, which on Feb. 17 heard the U.S. appeal and rebuttals from Canada and Mexico, served notice Thursday to the WTO […] Read more