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US President Donald Trump, left, and Howard Lutnick, US commerce secretary last month.

New world order: Trump’s tariff attack sparks global recession fears

His trade secretary says a recession would be “worth it” to restructure the US economy, while Trump plays it down but admits there could be bumps.

  • Michael Koziol

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Justin Trudeau calling Donald Trump’s tariff’s a “very dumb thing”.

Trade war kicks off as Canada retaliates against Trump’s ‘very dumb’ tariffs

In a pointed barb, Trudeau said the US was starting a trade war with its closest allies at the same time as it was “appeasing Vladimir Putin, a lying, murderous dictator”.

  • Michael Koziol
Donald Trump’s plan for reciprocal tariffs will be a nightmare to implement.

‘The big one’: Trump’s latest threat would lead to chaos

Donald Trump’s plan for the next chapter of his war on the world sounds simple but would be almost impossible to implement.

  • Stephen Bartholomeusz

‘They’re very powerful’: Why Trump loves tariffs

The US president is famously a fan of tariffs. Here’s how they work – and what his latest ones could mean for the world.

  • Jackson Graham and Angus Holland
Workers load barrels of bourbon on to a truck at The Jim Beam Distillery in Clermont, Kentucky. US whiskey exports to Europe fell 27 per cent after the bloc imposed retaliatory tariffs in 2020.

‘We’re prepared’: Europe has Trump playbook ready to roll, sources say

The European Union’s so-called Trump task force spent 2024 preparing for a possible trade dispute. Specifics are secret, but guiding principles are becoming clear.

  • Jeanna Smialek
US President Donald Trump said the tariffs on Mexico would be “paused” for a month while a deal is negotiated.

Why China must be quietly pleased that Trump has made it a target

Around the world, Beijing is working to peel away support for a US-led international system and recast itself as a more reliable partner in trade, development and security.

  • Lisa Visentin
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Has Elon Musk taken his eye off the ball at Tesla?

Elon Musk might be doing a lot of damage to Tesla

The horror start to the year for Musk’s carmaker has continued, with its latest results shocking Wall Street and wiping billions off the company’s value. His antics might be playing a big role.

  • Stephen Bartholomeusz
Australian wines in Beijing.

China drops tariffs on Australian wine

China has dropped its tariffs on Australian wine after years of sanctions that crippled the billion-dollar export industry. 

  • Eryk Bagshaw
“So terrible”: Donald Trump has slammed Nippon Steel’s planned acquisition deal.

Trump wants to kill this fading giant. It might die anyway

The clock is ticking for the body that sets the rules for global trade. Even if Trump doesn’t get back in the White House, the outlook is grim.

  • Stephen Bartholomeusz
Leaders pose for a “family photo” at the the annual Asia-Pacific Economic Cooperation summit.

APEC leaders divided over Ukraine, Gaza but together on WTO reform

The 21 APEC members, which include Russia and Muslim-majority Indonesia and Malaysia, went into the meetings divided over the wars and that is how they left.

  • David Lawder and David Brunnstrom

Original URL: https://www.theage.com.au/topic/world-trade-organisation-1myx