U.S. has not given up on WTO&#39;s Doha round: Schwab
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The United States has not  given up on the World Trade Organisation&#39;s (WTO) Doha round,  U.S. Trade Representative Susan Schwab said on Thursday after  talks with the European Union, India and Brazil collapsed.
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The United States is considering  action against the European Union with the World Trade  Organization over tariffs that the EU imposes on certain  electronics products, Trade Representative Susan Schwab said on  Tuesday.
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The United States on Wednesday said that three draft negotiating texts for the World Trade Organization's Doha Round fall short of the WTO goal to stimulate growth in the global economy.
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Charles Schwab Corp.  the biggest U.S. discount brokerage, on Monday said it would cut trading fees for the second time since June in a bid to outmaneuver rivals amid fierce competition.
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A world trade deal that benefits all economies is within reach if countries are prepared to negotiate seriously on draft texts released this week, World Bank President Robert Zoellick said on Friday.
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Trade Representative Susan Schwab on Tuesday warned of a growing threat to U.S.-China trade relations because of protectionist impulses in both countries.
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Trade Representative Susan Schwab on  Tuesday warned of a growing threat to U.S.-China trade  relations because of protectionist impulses in both countries.
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The United States has been unable to  resolve a dispute with China over treatment of foreign auto  parts and could ask the World Trade Organization to rule on the  matter, U.S. trade officials said on Tuesday.
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The persistence of bloated U.S. trade deficits over time can pose a risk to the U.S. economy, which thus far has proven resilient, Federal Reserve Chairman Alan Greenspan warned Friday. Policy-makers must not get lulled into a sense of complacency, he said.
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Splits appeared within the European Union over the role of the blocâs trade chief, Peter Mandelson, in getting global trade talks moving again last weekend. Mr. Mandelson and other ministers from trade powers met Saturday in Davos, Switzerland, and agreed to push ahead with negotiations aimed at getting a deal for the World Trade Organizationâs Doha round. The round was suspended last July as a result of big differences, chiefly over farm trade, and it risks running out of time soon. France, a longtime defender of Europeâs agricultural interests, criticized Mr. Mandelson over the Davos meeting, accusing him of going beyond his authority. Franceâs criticisms were echoed by Austriaâs farm minister. Germany, which holds the European Union presidency, supports Mr. Mandelson, said Michael Glos, the German economics minister.
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ZURICH: The Dispute Settlement Body (DSB) of WTO has authorised seven countries, including India, to impose trade sanctions up to $150 million on the United States for its non-compliance with the WTO ruling that found the US Byrd Amendment on anti-dumping
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The Consumer Electronics Association (CEA) is rallying for free trade agreements during its huge&#160;Consumer Electronics Show&#160;this week, saying barrier-free trade with other countries is crucial to the growth of U.S. jobs.Support for free trade isn&#39;t as strong in Washington, D.C., as it has been in past years, with several presidential candidates expressing concerns about free trade agreements, Gary Shapiro, the group&#39;s chief executive, said at a CES press conference on Monday.Free trade is &quot;something we&#39;ve taken for granted as an industry,&quot; Shapiro said. &quot;For the first time in my career, I am concerned about the future of free trade ... primarily because in Congress, on television, and with some of our presidential candidates, free trade is not a given.&quot;Shapiro, who has given his personal support to Republican Mitt Romney&#39;s presidential campaign, declined to single out presidential candidates who he saw as antitrade, but leading Democrats Hillary Clinton, John Edwards, and Barack Obama have all expressed concerns about free trade agreements, often because of environmental concerns. Mike Huckabee, winner of the Iowa presidential caucuses on the Republican side, said in an October debate that the U.S. doesn&#39;t have fair trade with other countries because &quot;an American company is having to pay an extraordinarily high tax on everything they produce, but the countries who are exporting to us don&#39;t have the same border adjustability that we do.&quot;But Shapiro and U.S. Trade Representative Susan Schwab said Monday that free trade agreements are critically important to the consumer electronics and IT industries.&quot;This is real money for real people in the United States,&quot; Schwab said during the CEA press conference from Las Vegas. &quot;If there were ever a sector of the economy, if there were ever an industry, where you see the very, very clear converging of the benefits of free trade, of free markets and of the protection of intellectual property, this is it.&quot;Shapiro and Schwab called on Congress to approve free trade agreements that are pending with Columbia, Panama and South Korea. Including a trade agreement with Peru approved by Congress in December, those four countries represent about 124 million consumers, Schwab said.One reporter asked why U.S. residents should support free trade when they see friends or relatives losing jobs to workers in other countries, imported toys containing chemicals that harm children, or pet food that kills dogs and cats.Free trade can cause problems for a small number of workers, but many more U.S. workers have jobs because of free trade, Shapiro said. Free markets have &quot;temporary dislocations,&quot; but in the long term, countries cannot protect individual jobs in a global economy, he said. &quot;A great country doesn&#39;t put up walls,&quot; Shapiro added.Schwab said her office is working hard to crack down on imports of dangerous products. &quot;Our responsibility as a government is, first and foremost, the health and safety of our citizens,&quot; she said.
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The United States Friday urged Antigua to hold off on imposing sanctions authorized by the WTO in a dispute over online gambling, saying Washington was revising its WTO commitments.
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The European Union on Friday again  turned to the World Trade Organization (WTO) in a long-running  row with the United States over the way Washington calculates  the size of anti-dumping duties.
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Discount stockbroker Charles Schwab Corp  reported on Wednesday a 36 percent rise in earnings from continuing operations as revenue increased despite heightened market volatility and economic uncertainty.
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(InfoWorld) - A U.S. government official played down reports that the U.S. is considering taking the European Union to the World Trade Organization (WTO) over the imposition of new duties on high-tech imports such as flat-screen monitors and digital set-top boxes. âThe U.S. has expressed its concern about the E.U. proposal to apply duties to sophisticated products covered by the Information Technology Agreement (ITA),â the official, based at the U.S. embassy in Brussels, said in a telephone interview Friday. He said taking the issue to the WTO, the worldâs trade arbitrator based in Geneva, is still a possibility. âOur options are open,â he said, but added that many concerns about trade matters do not end up as WTO cases. The ITA was signed by most countries producing IT products in 1997. It sets tariffs on goods designed for businesses at zero in order to help spur economic growth. However, as the price of items such as flat-screen monitors has fallen in recent years, they are increasingly being bought by consumers. The E.U. has started to reclassify some equipment as consumer goods, which require import tariffs of around 10 percent. Applying a tariff to new types of goods could potentially lead to higher prices, unless the vendor or manufacturer shoulders the additional cost. The European Commission, the E.U.'s representative body on trade matters, defended its actions. The E.U. classifies products on the basis of "objective criteria," Peter Power, the Commissionâs trade spokesman in a statement. "U.S. claims of E.U. re-classifying products in violation of ITA commitments are unfounded,â he said, adding that the EU "respects the spirit of the ITA" when classifying new technologies. TheÂ E.U. drew sharp criticism from the U.S.Â this week over its decision toÂ dismiss Microsoft's appealÂ of the European Commission's 2004 antitrust ruling against it. The U.S. government official, who did not wish to be identified, denied Friday that the U.S. concerns over tariffs are a reaction to that decision. "This is a long-standing issue for the U.S. government. We've been making these comments about the ITA since 2006," the official said.
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A World Trade Organization decision  on the amount of retaliation that Antigua and Barbuda can  impose on the United States in an Internet gambling trade  dispute won't come out on Friday as expected, a U.S. trade  official said.