President Trump and Australia’s Prime Minister Scott Morrison insist it matters whether China is classified as “developed” or “developing” in the World Trade Organisation matters. It may not.
In complaining about China's alleged special treatment by the World Trade Organization, US President Donald Trump and Australia's Scott Morrison are pointing to something that isn't really there.
Trump has nobbled the umpire. The rules that have governed trade need a new line of defence.
Illegality doesn't matter when you've kneecapped the umpire who would have enforced the rules.
The automobile sector has grown most strongly since 1994 behind tariff protection.
South Africa's economic reforms of the 1990s were overdone, destroying some industries and thus impacting economic growth and job creation. A re-balancing of industrial policy is called for.
Congress was once the seat of all power on U.S. trade policy.
President Trump has unilaterally raised tariffs and sparked trade wars, all without consulting Congress. A century ago, the roles were reversed.
Who will blink first?
Trump's embrace of bilateralism in trade relations has pernicious long-term consequences, including ratcheting up the odds of violent conflict.
The WTO’s home in Geneva.
A quarter-century ago, more than 100 nations agreed to engage in freer trade with one another and signed the declaration that established the World Trade Organization.
China is the world’s second largest economy.
As the trade spat between China and the US continues, it is likely to spill over to other countries. For Australia and New Zealand, this could bring both risks and opportunities.
Canada, Mexico and other U.S. allies aren’t walking away from the principles of economic cooperation.
AP Photo/Marco Ugarte
The death of the rules-based world order that supports the global economy and free trade has been greatly exaggerated.
Trump believes the Geneva-based WTO treats the U.S. with disrespect.
The president again threatened to drop out of the World Trade Organization if it doesn't 'shape up.' But a careful review of case filings show the US isn't treated any differently than its other members.
Tariffs, border controls and other barriers would kick in and prove costly for both businesses and consumers.
The Trump administration is rapidly breaking down the World Trade Organisation.
The United States is blocking new judges to the body that interprets and enforces global trade rules. Australia should start preparing for the end of the World Trade Organisation system.
Trump and Merkel: Friends, foes or frenemies?
AP Photo/Pablo Martinez Monsivais
The president, who called the European Union a 'foe' following a series of meetings in Europe, may not realize just how much Americans have gained from their relationship with Europe.
Trump against the world?
Jesco Denzel/German Federal Government via AP
International trade policy requires three traits to be successful and lead to mutual prosperity. Trump's is missing all three, as he showed at the G-7 summit.
Don’t forget your friends.
AP Photo/Evan Vucci
The Trump administration recently imposed tariffs of up to 25 percent on foreign steel and aluminum – including from the EU, Canada and Mexico, the three biggest markets for American goods.
South African President Cyril Ramaphosa and his team meeting international investors and business leaders in London.
GCIS/ Elmond Jiyane
South Africa's relations with the US could sour under President Trump.
The White House frets about how the U.S. imports more stuff than it exports.
AP Photo/Ben Margot
The administration embraces mercantilism, an ideology with few adherents.
Bill Shorten announced this week that a Labor government would triple penalties for dumping cheap overseas products in the Australian market.
Bill Shorten has proposed tripling penalties for dumping cheap overseas products like steel into the Australian market. But this proposal suggests a failure to understand dumping and its regulation.
Trump may have launched first salvo in a trade war.
AP Photo/Ng Han Guan
The $60 billion in tariffs targeting China not only risks sparking a trade war, they represent a rejection of the WTO's much more effective way of dealing with unfair trade practices.
Trade disputes are often as much about rhetoric as about reality.
Even though Australia sides with the US on more areas of policy, it should be careful about being dragged into the back-and-forth of sanctions between the US and China.
Business such as California winemakers could be hurt by the new tariffs as a result of retaliation.
AP Photo/Mark Schiefelbein
While the tariffs are unlikely to stem Chinese intellectual property theft or reverse the steep trade deficit, they are certain to hurt American companies and consumers.