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EU rushes out proposals for WTO revamp amid trade war

Bloomberg The European Union outlined ways to bolster the World Trade Organization in a bid to keep US President Donald Trump committed to the global commercial order that America helped shape after World War II. EU Trade Commissioner Cecilia Malmstrom presented a “concept paper” aimed at strengthening WTO rules against trade-distorting subsidies, averting a deadlock in the dispute-settlement system of ...

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US consumers dragged into trade war as ‘growth hit’ seen

Bloomberg President Donald Trump’s decision to impose tariffs on an additional $200 billion of imports from China drags the biggest part of the US economy into the thick of the trade war, threatening to deliver a more direct hit to growth. The 10 percent tariffs announced on Monday — which take effect from September 24 and will rise to 25 ...

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Stocks gain even as trade tensions grow; oil rises

Bloomberg Global equity markets reacted calmly to the latest salvos in the intensifying trade war between the US and China. Treasuries retreated and oil gained. The S&P 500 Index rose on Tuesday, led by technology shares, even after Beijing responded to President Donald Trump’s announcement of fresh levies by saying it will impose tariffs on $60 billion of US goods ...

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