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Items tagged with: WTO



“ #Brazil’s President Luiz Inacio Lula da Silva said the #Trump admin decision to impose a new 25% tariff was without any justification.

Brazil would immediately begin proceedings to invoke instruments provided for under the "Reciprocity Law" and revisit the matter within the framework of the #WTO dispute settlement mechanism.

Marco Rubio responded that Lula was arrogant, ‘full of ego’ and Brazil must treat the US with respect.”

koreatimes.co.kr/world/2026071…


The World Trade Organisation remains neutered by conflict; this weekend's meeting intended to revive the WTO stumbled on a dispute between Brazil & the US on the extension of the e-commerce tariff moratorium - Brazil wanted to limit the extension of free trade in e-commerce to juts another four years, the US wanted it to last longer....

It looks like one more area where the interests of US & Big Tech have scuppered hopes for regulatory stability for developing countries!

#WTO #trade
h/t FT

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