China’s slowdown has changed the trade war
“Even though Beijing is in a far weaker position than in the past, it can still retaliate. To manage the inevitable costs of a de-risking strategy, Washington should opt for relatively moderate tariffs and be prepared to quickly expand its own and its partners’ investment in the industries that will take the place of Chinese firms in global supply chains.”
[Foreign Affairs]
After Mexico, Canada, and China, Trump trains tariff gun on India
“When asked about a potential trade agreement with China, Trump redirected the conversation to India and Brazil, both of which he accused of imposing high tariffs. ‘India charges a lot. Brazil charges a lot. If they want to charge us, that’s fine, but we’re going to charge them the same thing,’ Trump said at the briefing.”
[The Indian Express]
U.S. energy exports may be cut off if Trump imposes sweeping tariffs on Canada
“Freeland said a number of provincial premiers voiced support for a robust response to the tariffs and said that included critical minerals that are exported to the U.S.”
[The Hill]
Canada to impose more tariffs on Chinese imports in new year
“The mid-year fiscal update presented on Monday showed that Ottawa has decided to apply tariffs to imports of certain solar products and critical minerals from China early in the new year, with levies on semiconductors, permanent magnets, and natural graphite following in 2026.”
[Reuters]
Britain joins trans-Pacific pact in biggest post-Brexit trade deal
“The accession means Britain will be able to apply CPTPP trade rules and lower tariffs with eight of the 11 existing members from Sunday - Brunei, Chile, Japan, Malaysia, New Zealand, Peru, Singapore, and Vietnam. The agreement enters into force with Australia on Dec. 24, and will apply with the final two members - Canada and Mexico - 60 days after they ratify it.”
[Reuters]
General Council chair welcomes progress in dispute settlement reform talks
“Summarizing the progress made thus far, he said members have now a draft negotiating document on appeal/review reforms that would narrows claims reviewable on appeal/review, clarify adjudicators' roles with respect to reviewing a panel's objective assessment of facts, improve the interim review stage for error correction, and reinforce adherence to procedural timeframes.”
[World Trade Organization]
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