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world-trade-organization

AI, Frontloading Lifts World Trade, WTO

Global merchandise trade outpaced first half 2025 expectations, driven by increased spending on AI-related products, a surge in North American imports ahead of tariff hikes, and strong trade among the rest of the world. In response, the World Trade Organization economists raised the 2025 merchandise trade growth forecast to 2.4 percent (up from 0.9 percent in August). However, the 2026 projection has been lowered to 0.5 percent (from 1.8 percent). Global ... [+]

NFTC Statement on the 12th WTO Ministerial Conference

National Foreign Trade Council (NFTC) President Jake Colvin issued the following statement on June 17 following the conclusion of the World Trade Organization’s (WTO) 12th Ministerial Conference in Geneva: “It is clear that there’s a tremendous need for a vibrant WTO that is able to tackle shared global priorities, but this ... [+]

Following President Trump’s Section 301 Decisions, USTR Launches New WTO Challenge Against China

The United States is taking action at the World Trade Organization (WTO) to address China’s unfair technology practices that run counter to WTO rules. The U.S. Trade Representative (USTR) – at the direction of President Trump – has filed a request for consultations with China at the WTO to address China’s ... [+]

WTO’s ITA to Phase out Tariffs

Participants in the World Trade Organization’s (WTO) Information Technology Agreement (ITA) have finalized a deal that will phase out tariffs on 90% of global technology exports. Expanding the ITA will particularly benefit exporters from states such as Washington, which is home to a large number of IT, medical device, and high ... [+]

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