Frédéric D'Astous<p>Pascal Lamy, former World Trade Organization head / also an ex-EU trade commissioner</p><p>« I think Mr <a href="https://tooting.ch/tags/Trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trump</span></a> learned to do business in the New York mafia-influenced real estate market and that his tactics are based on extortion – you hit and keep hitting for as long as you do not get a good price for stopping.(...) » <a href="https://tooting.ch/tags/USpol" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>USpol</span></a> <a href="https://tooting.ch/tags/Trumpisme" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trumpisme</span></a> <a href="https://tooting.ch/tags/WTO" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>WTO</span></a> <a href="https://tooting.ch/tags/Trade" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trade</span></a> </p><p><a href="https://www.theguardian.com/politics/2025/apr/05/keir-starmer-orders-uk-economic-reset-amid-donald-trumps-tariff-mayhem" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">theguardian.com/politics/2025/</span><span class="invisible">apr/05/keir-starmer-orders-uk-economic-reset-amid-donald-trumps-tariff-mayhem</span></a></p>
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13 posts12 participants0 posts today
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"None of these governments believes #Trump will keep his word. How could they? The man broke every commitment he ever touched.
The #Iran deal. The #Paris Agreement. #NATO cooperation. #WTO norms. Trade deals with #Mexico, #Canada, and #China. He walked away from each of them. Because #chaos creates attention, and attention is the only currency he respects."
https://www.theindex.media/trust-is-dead-trump-keeps-selling-the-corpse/
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@meganL
I was given a little stack of salvaged chloroplast and used it without noticing
It’s definitely useless for the kind of papier mache puppets we used to make
But yeah waterproof. And I’d never noticed its relative weightlessness if somebody has trouble carrying a sign, but really wants to
WTO and IMF warn of global trade disruptions a new U.S. tariffs http://newsfeed.facilit8.network/TJyBGH #GlobalTrade #USTariffs #TradeDisruptions #WTO #IMF
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#China announced the #RareEarth #minerals controls late on Friday as part of a broader package of #tariffs & company restrictions in #retaliation for #Trump's decision to hike tariffs against most Chinese products to 54%.
China announced additional tariffs of 34% on #US goods.
It added 11 entities to the "unreliable entity" list.
And it filed a complaint at the World Trade Organization #WTO.
#Trump #economy #geopolitics #inflation #recession #trumpcession #ETTTTS
https://www.reuters.com/markets/europe/europe-prepares-response-trump-tariffs-global-markets-plunge-2025-04-04/
US-Zölle stellen erhebliches Risiko für die Weltwirtschaft dar
Die US-Regierung hat ihre Handelspartner mit erheblichen Einfuhrzöllen belegt. Gerade in Zeiten einer eher stagnierenden Wirtschaft berge das Gefahren, warnen IWF und WTO.
tagesschau.de · US-Zölle stellen erhebliches Risiko für die Weltwirtschaft darDie US-Regierung hat ihre Handelspartner mit erheblichen Einfuhrzöllen belegt. Gerade in Zeiten einer eher stagnierenden Wirtschaft berge das Gefahren, warnen IWF und WTO.
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~WTO staff comfort themselves that the Trump admin has not so far said it will leave the trade body.
‘It can survive this if the non-U.S. WTO members agree to remain committed to the obligations they've made, and decide they can run the system without the U.S’
(Note: The US has been WTO’s largest financial contributor. Trump crippled the WTO his first term when he blocked judge appointments to its top appeals court.)
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Related:
~ Buffeted by Trump, WTO hunkers down to plot future ~
#trump #USA #WTO #WorldTrade #tariffs
https://www.reuters.com/world/buffeted-by-trump-wto-hunkers-down-plot-future-2025-04-01/
Trumpin tullipolitiikka vie Yhdysvallat 1800-luvulle ja haittaa sen omia etuja, sanoo talousprofessori
Viimeksi vastaava kauppasota oli 1930-luvulla, sanoo taloushistorian professori. Silloin tullit pahensivat globaalia talouskriisiä.
Yle Uutiset · Trumpin tullipolitiikka vie Yhdysvallat 1800-luvulle ja haittaa sen omia etuja, sanoo talousprofessoriViimeksi vastaava kauppasota oli 1930-luvulla, sanoo taloushistorian professori. Silloin tullit pahensivat globaalia talouskriisiä.
https://www.europesays.com/1967603/ Zoll-Konflikt: Trump verhängt drastische Zölle: EU kündigt Gegenmaßnahmen an #aluminium #China #deutschland #eu #Europa #europe #handel #Harley #Importe #Jeans #Kanada #mdr #Nachrichten #Sachsen #SachsenAnhalt #Soja #stahl #steuern #Thüringen #trump #USA #VonDerLEyen #Waren #welt #WTO #Zoll #zölle
Scrambling to limit the "dire" consequences of sweeping new US tariffs, the EU on Thursday told President Donald Trump the door remained open for trade talks -- while threatening retaliation like targeting US Big Tech if negotiations fail. FRANCE 24's David Keating reports from Brussels.
#EU #US #tariffs #economics #WTO #commerce
Prime Minister Mark Carney said Thursday that Canada will match U.S. President Donald Trump’s 25% auto tariffs with a tariff on vehicles imported from the United States. Trump's previously announced 25% tariffs on auto imports took effect Thursday. The prime minister said he told Trump last week in a phone call that he would be retaliating for those tariffs. FRANCE 24's Christopher Guly reports from Ottawa.
#Canada #US #tariffs #trade #economics #WTO #commerce
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@kattascha ich empfehle die Lektüre des Artikels von #stephenMiran aus 11.2024 übersetzt: "Leitfaden für die Umstrukturierung
des globalen Handelssystems" https://www.hudsonbaycapital.com/documents/FG/hudsonbay/research/638199_A_Users_Guide_to_Restructuring_the_Global_Trading_System.pdf hier steht das Drehbuch. Nach den Zöllen kommt der Entzug des US Sicherheitsschirms für alle die nicht spuren. Es geht um d. erzwungene Abwertung d. US Dollars, mit d. sich Trump auf Kosten aller entschulden wird. Das ist kein Handelskrieg sondern ein Wirtschaftskrieg. Komplettschaden für das #wto u. #Faschismus pur
Die #Welt sollte ein riesiges, globales #Freihandelsabkommen machen - ohne die USA.
Sie könnten es #WTO nennen, einfach loslegen, einen irren Welthandel treiben und schauen, ob es funktioniert und sich einpendelt.
US has now exited the #WTO (World Trade Org.) #GPA (General #Procurement Agreement) which Reagan & Thatcher effectively wrote as a central pillar of neoliberalism & which monetarised all values. #US has consistently opposed consideration of other values #sustainability, #ecology, #human values, EDI etc. which globally others have sought.
With US exiting into isolationism huge opportunity now arises for a global reset.
US corporate capital has been looting & pillaging for too long.
Replied in thread
@randahl Perhaps economists on the thread can chime in with their favourite #FreeTrade and specialisation arguments. For the rest of us, we have to dig out #AdamSmith et al.
The world tried for decades to agree on unrestricted, international trade #WTO and now it's like you have to debate the underlying principles again.
A U.S. delegate told a March 4 #WTO budget meeting that its payments to the 2024 and 2025 budgets were 
on hold pending a review of contributions to international organisations
-- and that it would inform the WTO of the outcome at an unspecified date, two trade sources with direct knowledge of the meeting said.
A third trade source confirmed their account and said the WTO was coming up with a #PlanB in case of a prolonged funding pause, without elaborating.
The WTO has already been hobbled by a U.S. move in 2019 during Trump's first term to block new judge appointments to its top appeals court,
which left its key dispute settlement system only partially functional.
Washington had accused the WTO Appellate Body of judicial overreach in trade disputes.
The Geneva-based trade watchdog had an annual budget of 205 million Swiss francs ($232.06 million) in 2024.
The United States was due to contribute about 11% of that based on a fees system that is proportionate to its share of global trade, according to public WTO documents.
https://www.reuters.com/world/us-suspends-financial-contributions-wto-trade-sources-say-2025-03-27/
What do Bolivia, the Democratic Republic of Congo, Djibouti, Gabon, Gambia and Trump's USA have in common?
They've all defaulted on their payments to maintain the World Trade Organisation. The US now owes $25.70 million and is in "Category 1 arrears".
Trump's going to pull out, isn't he.
https://www.reuters.com/world/us-suspends-financial-contributions-wto-trade-sources-say-2025-03-27/
The #UnitedStates has paused contributions to the #WorldTradeOrganization [#WTO], 3 trade sources told Reuters, as #Trump's admin ramps up efforts to cut govt spending.
The Trump admin is retreating from global institutions it sees as at odds w/his "America First" economic policies. It plans to quit some, such as the #WorldHealthOrganization [#WHO], & has cut contributions to others as part of a broad review of federal spending.
https://www.reuters.com/world/us-suspends-financial-contributions-wto-trade-sources-say-2025-03-27/