EU weighs changes to WTO rules to appease U.S.
“The commission offered several ways to fix the WTO dispute system, including a proposal to increase the number of appellate body members from seven to nine, and respond to U.S. concerns that the panel has overstepped its mandate. The U.S. is blocking nominees to appeals body, which has the final say in upholding, modifying or reversing WTO rulings that often affect some of the world’s biggest companies and billions of dollars in commerce.”
China's imports to U.S. ports start peaking early amid tariff threat
“The volume of loaded shipping containers from China to all U.S. ports was up 6.3 percent in June from a year earlier after falling 6.9 percent in May and 3.9 percent in April, said Gene Seroka, executive director of the Port of Los Angeles, the busiest U.S. container port and No. 1 hub for ocean trade with China.”
EU pushes China on trade
“China’s ambassador to the EU on Sunday wrote in Chinese state media that the annual China-EU leaders’ meeting would focus on how the two sides could become a ‘standard of stability’ amid the ‘din of unilateralism and protectionism.’ The EU, while sharing Trump’s concern over Chinese trade abuses if not his prescription of tariffs, has largely rebuffed efforts by China to pressure it into a strong stance against Trump.”
U.S. takes on Rwanda over clothing import duties
“Rwanda has raised import duties on used clothing from 25 cents per kilogram to $2.50. The Rwandan government is hoping that the increased tariffs will give the local clothing industry room to grow.”
Copyright © 2021 Sandler, Travis & Rosenberg, P.A.; WorldTrade Interactive, Inc. All rights reserved.