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.
Farmer Michael Petefish walks through one of his soybean fields in southern Minnesota.
AP Photo/Jim Mone
The Trump administration’s promise of $12 billion in aid to offset losses from retaliatory tariffs will not make up for the long-term consequences of a prolonged trade war.
Activists stage a demonstration against the so-called CETA trade deal outside the European Parliament in Strasbourg, France, in February 2017.
(AP Photo/Jean-Francois Badias)Special Instruction
An imminent court ruling by the European Union will decide the future of the economic partnership between Canada and the EU. It has broader implications for multilateralism in international trade.
Chinese President Xi Jinping on a state visit to Pretoria ahead of the summit.
EPA
With international trade facing its greatest threat in decades, this club of China, Brazil, Russia, South Africa and India will have much to say about it.
Heinz is why ketchup seemed to become distinctly American.
Reuters/Mike Blake
Canada recently slapped a tariff on US exports of the tomato-based condiment, and the EU plans to do the same, perhaps on the notion that it’s distinctly American. In fact, ketchup’s origins are global, as are its fans.
CEO Tim Cook built Apple’s vast supply chain, which stretches from China to Europe.
Reuters/John Gress
The motorcycle maker angered Trump after it said it plans to move some production overseas to avoid EU tariffs – just a few months after the president praised the company for being a ‘true American icon.’
Trump has long talked about halting U.S. participation in the WTO.
Reuters/Denis Balibouse
Stephen J. Silvia, American University School of International Service
Trump has often talked about leaving the World Trade Organization. An economist explains what it is and what would happen if the president had his way.
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.
Trump answers questions before departing the White House on his way to the G7 in Quebec.
Reuters/Kevin Lamarque
As the US celebrates Wine Day, China’s young winemakers are a reminder of the power and value of cameraderie and cooperation in this age-old industry.
Bill Shorten announced this week that a Labor government would triple penalties for dumping cheap overseas products in the Australian market.
Tony McDonough/AAP
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.
US President Donald Trump’s vision of the global economy as a zero-sum game is at odds with Australia’s experience.
Shawn Thew/AAP