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Latest World Trade Organization Stories

2009-09-14 15:41:00

CHARLOTTE, N.C., Sept. 14 /PRNewswire-FirstCall/ -- Nucor Corporation (NYSE: NUE) Chairman, President and Chief Executive Officer Dan DiMicco today praised President Obama and United States Trade Representative Ron Kirk for their decision to apply duties on imports of illegally subsidized Chinese tires. "The Administration's strong action in the Chinese tire case is a victory for rules-based trade, American workers and manufacturers, and our overall economy. President Obama is setting a...

2009-09-12 07:24:03

A move by the United States to slap an import tariff on Chinese tires is trade protectionism that violates World Trade Organization rules, China said Saturday. Chinese Ministry of Commerce spokesman Yao Jian, reacting to a decision Friday by U.S. President Barack Obama to impose a 35 percent tariff on imported car and truck tires, told the state-run Xinhua news agency China is strongly dissatified with the decision, saying it violates not only WTO rules but also commitments made by the United...

2009-09-12 06:52:06

U.S. President Barack Obama has announced a 35 percent import tariff on Chinese car and light-truck tires that U.S. workers contend are disrupting the market. In a proclamation Friday night, Obama said he was acting after the U.S. International Trade Commission determined Chinese car and truck tires were being imported into the United States in such increased quantities or under such conditions as to cause or threaten to cause market disruption to the domestic producers of like or directly...

2009-09-05 12:15:38

The United States views a preliminary ruling that the European Union gave illegal subsidies to Airbus as a clear win for U.S. manufacturer Boeing, sources said. Unnamed sources who had been briefed by U.S. Trade Representative Ron Kirk told Saturday's Chicago Tribune he sees Friday's ruling by the World Trade Organization as a victory for Boeing because it applies to all commercial jetliners made by the French aerospace firm Airbus, the Chicago manufacturer's main competitor in the passenger...

2009-09-04 14:14:00

ARLINGTON, Va., Sept. 4 /PRNewswire-USNewswire/ -- The following statement was released today by the Aerospace Industries Association: AIA welcomes the World Trade Organization ruling today as reported in the press that the European government's launch aid to Airbus is not consistent with its rules. This is a positive action to help ensure the long-term health of the global aerospace enterprise. While preliminary, the ruling provides much-needed guidance to WTO members that are involved...

2009-09-01 14:35:00

WASHINGTON, Sept. 1 /PRNewswire-USNewswire/ -- In a letter to President Obama, David A. Hartquist, Executive Director of the Committee to Support U.S. Trade Laws (CSUSTL), encouraged the President to support a petition brought by the United Steelworkers union. This month, the President will determine what import relief to provide in response to the petition, brought under Section 421, on imports of passenger and light truck tires from China. The independent and bipartisan International...

2009-08-14 13:45:12

The international business community is forcing China to face new realities that come with its growing position on the global economic stage, experts said. This week, China was rebuffed by the World Trade Organization over domestic restrictions on books and movies the WTO said amounted to protectionist trade practices. China also dropped its insistence that imported computers be outfitted with censoring software this week. And China appears ready to drop the most serious espionage charges...

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2009-08-13 06:10:00

China said on Thursday that it might appeal a far-reaching World Trade Organization (WTO) ruling in a case brought by the United States against its trade practices. In a verdict issued Wednesday in Geneva, a three-member WTO panel found that China improperly restricts distribution of foreign movies, music and books, forcing American media producers to route their business in China through state-owned companies. The panel found that "China has acted inconsistently with provisions" of the...

2009-08-12 13:35:30

The World Trade Organization ruled Wednesday China was in violation of its trade policies by placing restrictions on foreign entertainment. The restrictions, such as a limitation on how many foreign films can be shown, help control the influence of foreigners in China, but also give the domestic film industry a decided advantage, The New York Times reported. The United States filed a complaint on the issue in April 2007. Shortly thereafter, the European Union signed on as a complainant. The...

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2009-07-26 11:35:37

Germany announced that a French notion to charge "carbon tariffs" on items from countries that will not reduce greenhouse gases is a form of "eco-imperialism," and an obvious breach of WTO rules. The subject of greenhouse tariffs has been faced with vehement opposition from countries like China and India, who depend on affluent countries to purchase their products as they develop their economies. Matthias Machnig, Germany's State Secretary for the Environment, said on Friday that the French...


Word of the Day
penuche
  • A fudgelike confection of brown sugar, cream or milk, and chopped nuts.
'Penuche' is a variant of 'panocha,' a coarse grade of sugar made in Mexico. 'Panocha' probably comes from the Spanish 'panoja, panocha,' ear of grain.
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