Saturday 15 December 2018
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todayonline - 3 month ago

EU lays out WTO reform ideas to rein in U.S., China

BRUSSELS - The European Commission published its ideas on Tuesday for reforming the World Trade Organisation to counter market distortions, such as in China, and to discourage the United States from pulling out of the body. A day after U.S. President Donald Trump escalated his trade war with China by imposing 10 percent tariffs on $200 billion of Chinese imports, the European Union unveiled how it believes market-distorting subsidies should be tackled. Trump said last month that

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