U.S. presses WTO to stop lenient trade treatment of China
In a memo, Trump directed U.S. Trade Representative Robert Lighthizer to "use all available means" to get the WTO to prevent countries from claiming developing country status if their economic strength means they don't need beneficial treatment.
Obama Calls for Stronger U.S.-Russian Relationship
As he wraps up his two-day trip to Moscow, President Barack Obama urged the resetting of the U.S.-Russian relationship while citing the common interests that could form the basis for stronger political and economic ties.
Seeking More Aid, GM Posts Massive 2008 Losses
General Motors Corp. announced Thursday that it lost nearly $31 billion in 2008, saying its auditors were likely to cast doubt on its viability as it seeks more federal aid to stay afloat.
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NATO Warns Moscow No ‘Business as Usual’ Amid Conflict
During a NATO meeting Tuesday, world leaders warned Russia that its recent actions against Georgia could endanger Moscow's diplomatic relations. Analysts examine how the West and Russia have clashed over the crisis.
Opposition from increasingly important China and India derailed efforts to negotiated a global trade deal Tuesday. With the talks stalled, two economic experts assess the impact on American and international businesses and farmers.
A trade agreement signed by the United States and Russia over the weekend clears a major hurdle for the former communist country's entry into the World Trade Organization, the international body that regulates trade rules and disputes.
After several months of acrimonious debate and failed negotiations, international trade representatives officially suspended the Doha round of free trade talks, marking a major setback to efforts to reduce trade barriers throughout the globe.
Trade representatives from 149 nations will converge in Hong Kong at the World Trade Organization's ministerial meeting in an attempt to revive the Doha Development Agenda to lower trade barriers in farm and manufacturing goods and services.
Rich and poor nations struck a deal Sunday to relaunch global trade talks, agreeing to a general framework to cut farm subsidies, open industrial markets and boost global growth.
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