GFM Network News


Canada, EU, China, others agree on temporary fix to WTO crisis

Brussels/Davos | Reuters — Canada, the European Union, China and 14 other World Trade Organization members agreed on Friday to create a temporary mechanism to settle trade disputes after U.S. action rendered the WTO incapable last month of acting as the umpire of global trade. The Canadian government and the European Commission said separately that […] Read more



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