After receiving a green light from the World Trade Organization, U.S. President Donald Trump is set to impose tariffs on $7.5 billion of goods coming from the European Union on October 18th. Due to the European subsidies for Airbus which violate international trade rules, the WTO ruled on Wednesday that the U.S. could impose duties as high as 100 percent on 7.5 billion in goods. The award represents... 

US President Donald Trump has vowed to impose import tariffs on $11 billion worth of goods from the European Union after the World Trade Organization (WTO) ruled EU subsidies to Airbus caused “adverse effects” to the US. Earlier this week, the US Trade Representative (USTR) said Washington was mulling tariffs on a wide range of European exports to the US, including large commercial aircraft and... 

The United States, Asia and Europe were three production centers in the global value chain for bulk trade of parts, a report said on Monday. Released by the World Bank, the World Trade Organization and the Organization for Economic Co-operation and Development, the report aimed to provide solutions to uneven distribution under economic globalization, as well as to provide suggestions for developing... 

Russia is planning to appeal to the World Trade Organization (WTO) over anti-Moscow Western sanctions, Russian Economy Minister Aleksey Ulyukaev has said. “The latest round of sanctions provides grounds to appeal to the WTO. And we will appeal,” Ulyukaev told reporters on Friday. The Russian minister also warned that Russia’s response to the new sanctions by the European Union and the United... 

A new report prepared by the Ministry of Foreign Affairs (MoFA) circulating in the Kremlin states that India’s veto earlier today of a landmark World Trade Organization (WTO) treaty has “shocked the world” and could very well lead to the entire collapse of this Western led global organization that for past 66 years has, in essence, economically destroyed too many once free nations to count. According... 

Russia has filed a lawsuit with the World Trade Organization (WTO) over the EU’s so-called ‘Third Energy Package,’ according to media reports. “This procedure is provided for in the rules of the Organization,” a source said, adding that “Russia sent a note to the EU Mission at the WTO and notified the WTO Secretariat thereof,” Itar-Tass news agency reported. A second news... 

A shocking report prepared by Prime Minister Dmitry Medvedev privately explaining his decision today to postpone the introduction of certifying genetically-modified seeds (GMO) for another three years in the Russian Federation warns that these “artificial” organisms are now showing “compelling evidence” of their being related to “bio-warfare agents” due to their “catastrophic effect”... 

Russia will not start certifying GM seeds for at least three more years due to delays in creating the necessary infrastructure, Prime Minister Dmitry Medvedev told MPs. Earlier Russia had expected to allow planting such seeds from June. The delay comes amid the general GMO-skeptic mood that the Russian government adopted recently. The country may even ban the cultivation and import of genetically... 

Russia has filed its first complaint before the World Trade Organization (WTO), accusing the European Union of violating global free trade measures, an official statement reads. The procedure has been sent to the EU representative at the WTO on Monday, the economy ministry said on Tuesday, marking its first complaint since Russia joined the global trade body in August 2012. The complaint has to do... 

The European Union has imposed anti-dumping duties on biodiesel imports from Argentina in a move dubbed by Buenos Aires as “aggressive protectionism,” Press TV reports. The decision by Brussels to levy 10.6-percent tariff on biodiesel took effect on Friday and will be in force for six months. Argentina’s Foreign Ministry slammed EU’s decision, saying, “The measure is due to the inability... 

Argentina says it will file a complaint with the World Trade Organization against the United States as the protectionism dispute between the two business partners escalates, Press TV reports. Argentine Foreign Ministry said in a statement on Tuesday that the South American country will lodge a complaint with the Geneva-based organization over US “illegal” import policies. Argentina says it has...