WTO
China's Ministry of Commerce announced two trade barrier investigations into US practices on Friday, described as reciprocal countermeasures to Washington's two Section 301 probes against China. The probes target US measures disrupting global supply chains and green product trade, potentially breaching WTO rules and bilateral agreements. They are set to conclude within six months, with a possible three-month extension.
Imeripotiwa na AI
The U.S. and India are close to finalizing an interim trade deal, but gaps persist over pulses and the pacing of tariff reductions. “We’re not that far off from finalizing the interim trade deal, but some gaps remain,” a U.S. official told The Hindu. Washington officials are now addressing details following a Supreme Court ruling.
President Ferdinand Marcos Jr. said the world heaved a sigh of relief after the meeting between US President Donald Trump and Chinese President Xi Jinping eased trade tensions between the two largest economies. The highly anticipated meeting took place on the sidelines of the Asia-Pacific Economic Cooperation (APEC) in Busan, South Korea.
Imeripotiwa na AI
Ethiopia's drive to conclude World Trade Organization accession by March 2026 risks becoming a strategic error with long-lasting economic and political costs. Finalizing accession under current conditions will lock Ethiopia into binding legal commitments on tariffs, services, state-owned enterprises, intellectual property, and procurement before the country has the productive base, administrative capacity, and fiscal room to manage the transition. That outcome will accelerate premature deindustrialization, shrink effective policy space for industrial upgrading, and concentrate adjustment costs in ways that threaten the fragile political compact underpinning recent reforms.