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#wto

6 posts6 participants0 posts today
This latest trade war prompted me to revisit my notes as an #Indymedia correspondent at the 2001 WTO Ministerial in Doha, where I witnessed the launch of the Doha Round firsthand. It kicked off years of predatory negotiations that left many Global South countries (and billions of people) vulnerable to what we’re seeing now: abusive tariffs weaponized to extract even more from those with the least. I'll be publishing a full article in the next few days.

(Can’t believe it’s been 24 years already!)

#Trade #WTO #TradeWar #GlobalSouth #Tariffs #Neoliberalism

"The big, long-term question: what does the global trading system look like? The thing to watch for is whether the kind of deals Vietnam and others are making with the US end up destroying the most-favoured-nation principle underlying the World Trade Organization by giving the US special treatment. I’m moderately optimistic on this one. Label these deals as preferential trade agreements (which is pretty dodgy under WTO rules, but there are plenty of weak PTAs about already), recognise that many won’t make much difference to US exports anyway and move on. It strikes me that, if anything, attachment to the multilateral system, particularly in open trading economies like the south-east Asian nations, has increased as a result of the US threatening it. If countries are looking for a framework of international trade law, the WTO provides it. Unfortunately, though, I don’t see much sign that India is going to stop playing its spoiler role and paralysing the negotiations part of the WTO (as the US tried with the dispute settlement system)."

ft.com/content/3a6c0561-0628-4

#USA#Trump#Tariffs
Continued thread

"None of these governments believes #Trump will keep his word. How could they? The man broke every commitment he ever touched.

The #Iran deal. The #Paris Agreement. #NATO cooperation. #WTO norms. Trade deals with #Mexico, #Canada, and #China. He walked away from each of them. Because #chaos creates attention, and attention is the only currency he respects."
theindex.media/trust-is-dead-t

No Globalization Without Representation: U.S. Activists and World Inequality
Paul Adler
University of Pennsylvania Press

"How consumer and environmental activists became significant players in U.S. and world politics

Amid the mass protests of the 1960s, another, less heralded political force arose: public interest progressivism. Led by activists like Ralph Nader, organizations of lawyers and experts worked "inside the system." They confronted corporate power and helped win major consumer and environmental protections. By the late 1970s, some public interest groups moved beyond U.S. borders to challenge multinational corporations. This happened at the same time that neoliberalism, a politics of empowerment for big business, gained strength in the U.S. and around the world.

No Globalization Without Representation is the story of how consumer and environmental activists became significant players in U.S. and world politics at the twentieth century's close. NGOs like Friends of the Earth and Public Citizen helped forge a progressive coalition that lobbied against the emerging neoliberal world order and in favor of what they called "fair globalization." From boycotting Nestlé in the 1970s to lobbying against NAFTA to the "Battle of Seattle" protests against the World Trade Organization in the 1990s, these groups have made a profound mark.

This book tells their stories while showing how public interest groups helped ensure that a version of liberalism willing to challenge corporate power did not vanish from U.S. politics. Public interest groups believed that preserving liberalism at home meant confronting attempts to perpetuate conservative policies through global economic rules. No Globalization Without Representation also illuminates how professionalized organizations became such a critical part of liberal activism..."

#Globalization #Activism #Inequality #Neoliberalism #AlternativeGlobalization #NAFTA #WTO

pennpress.org/9780812253177/no

University of Pennsylvania PressNo Globalization Without Representation – Penn PressHow consumer and environmental activists became significant players in U.S. and world politicsAmid the mass protests of the 1960s, another, less heralded pol...
Continued thread

#China announced the #RareEarth #minerals controls late on Friday as part of a broader package of #tariffs & company restrictions in #retaliation for #Trump's decision to hike tariffs against most Chinese products to 54%.

China announced additional tariffs of 34% on #US goods.

It added 11 entities to the "unreliable entity" list.

And it filed a complaint at the World Trade Organization #WTO.

#Trump #economy #geopolitics #inflation #recession #trumpcession #ETTTTS
reuters.com/markets/europe/eur

Continued thread

/3 of 3

~WTO staff comfort themselves that the Trump admin has not so far said it will leave the trade body.

‘It can survive this if the non-U.S. WTO members agree to remain committed to the obligations they've made, and decide they can run the system without the U.S’

(Note: The US has been WTO’s largest financial contributor. Trump crippled the WTO his first term when he blocked judge appointments to its top appeals court.)

#trump#USA#WTO

Trumpin tullipolitiikka vie Yhdysvallat 1800-luvulle ja haittaa sen omia etuja, sanoo talousprofessori

Viimeksi vastaava kauppasota oli 1930-luvulla, sanoo taloushistorian professori. Silloin tullit pahensivat globaalia talouskriisiä.

yle.fi/a/74-20153699

Yle Uutiset · Trumpin tullipolitiikka vie Yhdysvallat 1800-luvulle ja haittaa sen omia etuja, sanoo talousprofessoriViimeksi vastaava kauppasota oli 1930-luvulla, sanoo taloushistorian professori. Silloin tullit pahensivat globaalia talouskriisiä.

Scrambling to limit the "dire" consequences of sweeping new US tariffs, the EU on Thursday told President Donald Trump the door remained open for trade talks -- while threatening retaliation like targeting US Big Tech if negotiations fail. FRANCE 24's David Keating reports from Brussels.
#EU #US #tariffs #economics #WTO #commerce

youtube.com/watch?v=YBjPcCboU7M

Prime Minister Mark Carney said Thursday that Canada will match U.S. President Donald Trump’s 25% auto tariffs with a tariff on vehicles imported from the United States. Trump's previously announced 25% tariffs on auto imports took effect Thursday. The prime minister said he told Trump last week in a phone call that he would be retaliating for those tariffs. FRANCE 24's Christopher Guly reports from Ottawa.
#Canada #US #tariffs #trade #economics #WTO #commerce

youtube.com/watch?v=8yQc0wzJMXU

Replied in thread

@kattascha ich empfehle die Lektüre des Artikels von #stephenMiran aus 11.2024 übersetzt: "Leitfaden für die Umstrukturierung
des globalen Handelssystems" hudsonbaycapital.com/documents hier steht das Drehbuch. Nach den Zöllen kommt der Entzug des US Sicherheitsschirms für alle die nicht spuren. Es geht um d. erzwungene Abwertung d. US Dollars, mit d. sich Trump auf Kosten aller entschulden wird. Das ist kein Handelskrieg sondern ein Wirtschaftskrieg. Komplettschaden für das #wto u. #Faschismus pur

US has now exited the #WTO (World Trade Org.) #GPA (General #Procurement Agreement) which Reagan & Thatcher effectively wrote as a central pillar of neoliberalism & which monetarised all values. #US has consistently opposed consideration of other values #sustainability, #ecology, #human values, EDI etc. which globally others have sought.
With US exiting into isolationism huge opportunity now arises for a global reset.
US corporate capital has been looting & pillaging for too long.