The U.S. and China are set to go head to head at the World Trade Organization in Geneva next week in a brewing battle over Chinese wheat and rice subsidies, and neither side is showing any sign of backing down.
The Trump administration has laid out a lengthy list of its complaints and demands for changes in the World Trade Organization’s appellate body five months ahead of the WTO’s twelfth ministerial meeting that will be held in Kazakhstan.
The WTO’s appellate body — key to resolving disputes among its 164 member nations — ceased to function about a month ago, indefinitely putting key cases on hold that the U.S. ag sector would like to see settled.
Democrats and Republicans on the House Ways and Means Committee united Tuesday to support the Trump administration’s efforts to force reform at the World Trade Organization by neutering its appellate court.
The World Trade Organization today sided with the U.S. in its complaint that China has not lived up to pledges it made nearly twenty years ago to buy billions of dollars of wheat, rice and corn through tariff rate quotas.
After more than 20 years of consternation, negotiation, conciliation and disappointment, the U.S. and European Union are now set to begin another round of talks on allowing the EU’s 28 nations to buy more U.S. beef.