Food producers across Europe are bracing for a financial hit from U.S. tariffs that take effect Friday, and Italy, which has more than doubled its global cheese exports in the past decade, believes it is being unfairly targeted.
Alessandro Nicita, economist at the United Nations Conference on Trade and Development, discusses the implications of the U.S. imposing tariffs on European goods.
CNBC's Willem Marx reports from Geneva as the World Trade Organization (WTO) holds talks on whether to formally authorise the U.S. to apply $7.5 billion of tariffs on European goods.
Both sides should negotiate an agreement over subsidies given to both Boeing and Airbus, says WTO's Azevedo.
The Scottish Whisky Association said the United States is its largest single market and it is being unfairly targeted after a WTO ruling on Airbus.
European stocks clawed back losses Thursday afternoon to finish flat after weak economic data compounded uncertainty arising from the U.S. announcement of tariffs on exports from the European Union.
The U.S. tariffs on $7.5 billion of European goods could stay in place for many months, says Clete Willems, former NEC deputy director.
The U.S. plans to add a 10% tariff on EU aircraft and a 25% duty on agricultural and other products, according to officials.
The World Trade Organization has sided with the United States in the Airbus subsidy case. The decision allows the United States to impose tariffs, sanctions worth $7.5 billion as a consequence of subsidies paid to Airbus. CNBC's Willem Marx reports.
CNBC's Willem Marx reports on an expected ruling from the WTO that could raise trade tensions between the U.S. and E.U.
Conflict between China and the United States and Brexit are hampering the prospects for cross-border business, according to the World Trade Organization.
The European Union's next chief of trade policy said the United States is not yet "in a position" to engage on proposals to end aircraft subsidies.
Carter Copeland, Melius Research, and Gordon Bethune, former Continental Airlines CEO, join "Squawk Box" to discuss the risks Boeing and Airbus could see from the new World Trade Organization ruling to come this week.
The World Trade Organization is planning to release its ruling this week which woulld allow the U.S. to put tariffs on European goods. CNBC's Phil Lebeau reports.
WTO rules don't sufficiently protect interests of developing countries, a former People's Bank of China governor said.
With a population of more than 1.3 billion, the Chinese market is already a huge source of revenue for companies around the world — but the state's economic policies have faced heavy criticism.
South Korea has gone through with plans to drop Japan from a list of countries receiving fast-track approvals in trade in a reaction to a similar move by Tokyo to downgrade Seoul's trade status amid a tense diplomatic row.
As the first step of WTO dispute settlement, South Korea will formerly request consultations with Japan and seek the latter's withdrawal of export curbs, South Korea's trade minister said.
Stocks fell the first trading day of the month after the world's two largest economies began imposing new tariffs on each other's goods.
The latest tariffs actions violated the consensus reached by leaders of China and the U.S. in a meeting in Osaka, China's commerce ministry said.