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.
Canadian Foreign Affairs Minister Chrystia Freeland with U.S. Trade Representative Robert Lighthizer, right, and Mexico’s Secretary of Economy Ildefonso Guajardo Villarrea, deliver statements to the media during the sixth round of negotiations for a new North American Free Trade Agreement in Montreal in January 2018.
THE CANADIAN PRESS/Graham Hughes
Donald Trump has described NAFTA as the worst trade deal ever signed by the United States. As NAFTA talks continue, here’s what Canada and Mexico can do if the unthinkable happens.
Trump has promised to put ‘America first’ to make it great again.
Susan Melkisethian/flickr
The movement against globalisation has shifted from developing to developed countries.
Sights like this Brooklyn rooftop covered with solar panels with a view of the Manhattan skyline have become more commonplace amid a U.S. renewable energy industry boom.
AP Photo/Mark Lennihan
Slapping duties on imported panels is unwise.
19th Century Fox.
EPA
The two things UK must do to survive Brexit.
At least one economist worries we’ll be mostly poorer.
AP Photo/Go Nakamura
We asked four of our regular economics writers to examine a key theme they expect to flare up in 2018 and why.
Indonesian workers hold placards during an anti-WTO rally at a main roundabout in Jakarta.
AAP
A trade dispute between Australia and Indonesia shines a spotlight on Australia’s controversial ‘anti-dumping’ practices at the World Trade Organisation.
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Many have compared the UK’s repeal of the Corn Laws in 1846 with leaving the European Union.
A worker at an auto parts plant in Orion Township, Michigan, lifts coiled steel into place.
AP Photo/Paul Sancya
The president has promised to put a stop to foreign companies ‘dumping’ steel on US markets. Former President Bush tried the same thing, and here’s what happened.
The G20 displayed unprecedented global economic leadership in the past. That leadership is needed again today.
Hannibal Hanschke/Reuters
The G20 has stopped showing economic leadership at a time when risks are high. Australia can play a role in addressing this.
Sparks fly: workers produce steel at a small plant in Shenyang, northeast China.
EPA/MARK
Politicians in Europe, the US and the UK have blamed steel industry woes on artificially cheap imports.
Just a sample of the $1.2 trillion of goods traded every month.
Tim Wimborne/Reuters
A new WTO trade deal is expected to provide up to $1 trillion in economic gains by eliminating bureaucracy. But that’s not its most important benefit.
State conservation officials from Florida and Georgia work in 2014 to remove a heavy length of fishing rope from a right whale’s mouth.
FL Fish and Wildlife Conservation Commission/Flickr
A new US seafood import rule requires supplier countries to control accidental bycatch of whales, seals and other marine mammals – showing that global trade and conservation can reinforce each other.
Which way forward?
safriibrahim
Nearly six months on from the UK’s shock vote, there looks very little room for manoeuvre in negotiations.
Australia’s trade relationship with the UK is about to get very complex.
Image sourced from Shutterstock.com
There is no precedent for Brexit, meaning the UK will probably be forced back to the WTO negotiating table before making any new trade deal.
China and the US are at the centre of multilateral trade talk disagreements.
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With no sign of resolution in the near future the collapse of multilateral trade negotiations, tagged as the Doha round, risks breeding a major crisis.
Trump has his sights set on the US Fed.
Shawn Thew/AAP/EPA
Trump’s economic “plan” has a good chance of sending the US economy back to the Fred Flintstone era.
The G20 meeting in Hangzhou is a chance for global leaders to push back against anti-globalization forces that threaten free trade.
ROLEX DELA PENA/EPA
The G20 leaders should throw their weight behind the WTO’s Trade Facilitation Agreement to help prevent a revival of protectionism.
Mobile payment services could be affected by the complexity the Trade in Services Agreement creates.
Optus/AAP
A WikiLeaks release of confidential documents about a multinational trade agreement shows it will add more complexity to trade in services which may cost Australian businesses.
The steel industry has been the focus of anti-dumping measures.
Lukas Coch/AAP
The Australian government is using anti-dumping laws are a tool for protecting industries which aren’t competitive, at a cost to consumers.