
US Tariffs Spark Global Trade Tensions: Analyzing WTO Rule Violations
US unilateral tariffs violate WTO rules, sparking global trade tensions. Expert analysis explores impacts on Asia’s economic landscape and multilateral systems.
News & Insights Across Asia
US unilateral tariffs violate WTO rules, sparking global trade tensions. Expert analysis explores impacts on Asia’s economic landscape and multilateral systems.
China extends anti-dumping duties up to 40.83% on Japanese electrolytic capacitor paper for five years to safeguard domestic industries.
U.S. tariffs strain alliances with Japan, Germany, and Canada as partners resist trade pressures, triggering global economic recalibration.
Malaysia prioritizes economic partnership with China to counter global trade volatility, citing policy coordination and supply chain resilience as key advantages.
The US recorded a $278.4B services trade surplus in 2023, underscoring a critical economic strength often overshadowed by merchandise deficit debates.
As US tariff policies spark global backlash, experts warn of rising recession risks and a potential shift toward a ‘de-Americanized’ trade framework. Explore the implications.
The US exempts smartphones and computers from “reciprocal tariffs,” offering refunds and easing market concerns amid Republican criticism.
Rising U.S. tariffs threaten Asia’s export-driven economies, with growth projections slashed by 50-100 basis points, reports UBS and economist Philip Wyatt.
Premier Li Qiang criticizes U.S. tariffs, calls for international cooperation to stabilize trade and economic growth with Spain and the EU.
Chinese Foreign Minister Wang Yi urges global cooperation to uphold international norms amid U.S. tariff actions, emphasizing China’s role in defending multilateral systems.
Reciprocal tariffs between the US and Chinese mainland intensify inflation risks and recession fears, warns Ministry of Commerce researcher.
U.S. House proposes $1.5 trillion spending cuts, prompting Asian analysts to assess potential impacts on trade and investments.
Amid escalating U.S. tariffs, China’s economic strategy emphasizes diversification and innovation, challenging Western forecasts of a trade-driven crisis.
China asserts readiness to counteract U.S. tariff measures, emphasizing commitment to multilateral trade rules and global economic stability. Foreign Ministry spokesperson outlines firm stance.
China and Malaysia hold high-level talks to counter U.S. tariff hikes, pledging ASEAN-backed measures to protect multilateral trade systems.
Historical analysis reveals recurring economic costs of US protectionism as recent tariff policies trigger global market turbulence.
China and the EU reaffirm commitment to WTO-centric trade cooperation amidst global economic shifts, addressing challenges like reciprocal tariffs.
The EU approves retaliatory tariffs on U.S. imports, targeting $24B in goods amid escalating trade tensions. Measures take effect in stages starting April 15.
The EU imposes tariffs on over €20B of US goods, including soybeans and motorcycles, in response to US trade measures. Negotiations remain open to avoid escalation.
China initiates WTO dispute against U.S. tariff hikes, vowing to defend multilateral trade systems amid rising economic tensions.