WTO win won't sway United States from its combative trade stance via reutersPhilB
BRUSSELS - President Donald Trump has hailed a ruling by the World Trade Organization that gives the United States the right to hit Europe with tariffs, but his new-found satisfaction with the WTO’s rules-based approach is expected to prove short-lived.In the coming week, Washington will be hosting a delegation of Chinese trade officials in the latest face-to-face test of wills, by far his preferred way of resolving trade stand-offs.
In just over two months, the WTO’s appellate body, which rules on international trade disputes, will be left with only one judge after Washington’s repeated refusal to accept new appointments. “If you read the press statement from USTR... it’s the best advertisement for the WTO appellate body that anyone could possibly have written,” an EU diplomat said of a text that sounded on the surface like a ringing endorsement of it.The European Union will likely win similar damages next year in a parallel case over subsidies for U.S. planemaker Boeing . But for the time being the EU is the loser, the champion of rules-based trade exposed as a rule breaker and now facing U.S.
However, the fish talks have also stalled because the 164 WTO members cannot agree on who should chair the committee to discuss the issue.In the 15-year-old aircraft dispute, both sides have expressed a willingness to reach a settlement, but this is unlikely to happen any time soon, and certainly not before the United States expands its trade offensive with new tariffs on EU products on Oct. 18.
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