financetom
Business
financetom
/
Business
/
US says ready to confer with China, Canada on WTO disputes
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US says ready to confer with China, Canada on WTO disputes
Mar 18, 2025 10:26 AM

GENEVA (Reuters) - The U.S. mission told China and Canada it was ready to confer with its officials in Geneva after those two countries filed trade disputes in response to new tariffs, World Trade Organization documents showed on Tuesday.

Canada requested consultations - the first step in a WTO trade dispute - earlier this month in response to "unjustified tariffs" imposed by U.S. President Donald Trump earlier this month.

China launched a dispute after Trump tariffs on Chinese goods in February. Both countries have since introduced retaliatory tariffs in moves that Washington raised in the WTO documents circulated on Tuesday.

"It is specious for China to invoke dispute settlement for an alleged breach of WTO rules while China itself apparently chooses to breach WTO rules by unilaterally determining that a breach has occurred," the U.S. statement said. It produced an identical statement on Canada.

Engaging in dialogue is a normal part of the WTO dispute settlement system, which can take years to resolve cases.

Still, some trade delegates said they saw the move by Washington as a good sign given high tensions between WTO members currently.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Janux Therapeutics' Q2 net loss widens
Janux Therapeutics' Q2 net loss widens
Aug 7, 2025
Overview * Janux reports Q2 net loss of $33.9 mln, up from $6.0 mln last year * Cash and investments at $996.0 mln, down from $1.03 bln at end of 2024 * $10 mln milestone payment from Merck for first patient dosed in collaboration Outlook * Janux expects updates on JANX007 and JANX008 in H2 2025 * Company continues enrollment...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Canada's TerrAscend Q2 revenue misses estimates, exits Michigan market
Canada's TerrAscend Q2 revenue misses estimates, exits Michigan market
Aug 7, 2025
Overview * TerrAscend ( TSNDF ) Q2 revenue misses analyst expectations, totaling $65 mln, per LSEG data * Company exits Michigan market to reduce debt and focus on core markets * Co completes $79 mln refinancing, secures additional $35 mln term loan for M&A Outlook * TerrAscend ( TSNDF ) plans to use $35 mln for strategic M&A * TerrAscend...
FanDuel owner raises profit forecast as gamblers' winning streak ends
FanDuel owner raises profit forecast as gamblers' winning streak ends
Aug 7, 2025
DUBLIN (Reuters) -FanDuel-owner Flutter raised its forecast for full-year profit growth on Thursday after a six-month-long winning streak for U.S. gamblers swung sharply back in the favour of bookmakers during a better-than-expected second quarter. Bookmakers tend to suffer when favourites win and Flutter, the world's largest online betting company, cut its U.S. core profit guidance by $180 million in May...
Copyright 2023-2026 - www.financetom.com All Rights Reserved