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. wins WTO ruling on Chinese grains

Geneva | Reuters — The United States won a World Trade Organization ruling on China’s price support for grains, successfully challenging a calculation methodology that is also used by India. A WTO adjudication panel agreed on Thursday with the U.S. complaint that China had paid farmers too much for wheat, Indica rice and Japonica rice […] Read more


Brazil may raise farm subsidies despite belt-tightening

Brasilia | Reuters — Brazil could double spending on subsidized farm insurance in 2020 and may expand subsidized loans, the country’s agriculture policy secretary said on Thursday, even though the new government’s economic team has pledged to cut spending. The negotiations on next year’s farm subsidies highlight the powerful agribusiness lobby’s struggle to preserve benefits […] Read more



Swiss voters reject more aid for farmers

Zurich | Reuters — Swiss voters decisively rejected more help for farmers in two referendums on Sunday, heeding the government’s warnings that the measures would send food prices rocketing and hurt the economy, projections for broadcaster SRF showed. Opinion polls had shown early widespread support for more farm aid was fading as the vote neared […] Read more