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Trump says tariffs will make America rich again. Is he right?

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

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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
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
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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
Is this the start of the end of globalisation?

Is this the end of globalisation, or is world trade just changing shape?

It is too early to tell whether the ugly flare-up in the Middle East will add to the prospect of a “de-globalisation” of trade and geopolitics.

  • Stephen Bartholomeusz
The Productivity Commission says unions have too much industrial power on the waterfront, which is costing the economy $600 million a year.

It’s not the end of globalisation (yet), but world trade is splintering

In future, the strongest growth in global trade may be between blocs of aligned economies rather than free-flowing trade around the world. That’s a threatening prospect for China, and Australia.

  • Stephen Bartholomeusz
China has lifted tarrifs on Australian barley.

China drops tariffs against Australian barley

The decision puts an end to a three-year-dispute over the $1.2 billion export.

  • Eryk Bagshaw

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