china gets the wto involved — or not. china gets the wto involved a _ or not. over. tit—for—tat tariffs with donald and 0zzy tit—for—tat tariffs with donald and ozzy osbourne will trump. and ozzy osbourne will reunite with black sabbath, and feeh'te ee'th elite eehheth eh“? for his last bandmates for his last performance. the bbc speaks to wife sharon 0sborne about his wife sharon 0sborne about the conduct.

yeah, i'm not a bit surprised about the china wto filing. broken for some time. ng back to the early 2000s. nations, and that includes seven out of the top ten wealthiest economies. which essentially mean that the wto can't adjudicate i think, in order to continue to try to press a united states advantage that china — you know, from the way in terms of the the spat that's emerged this week between the us and china. president trump said he's in no rush now to speak to president xi. conversation this week. of course, he did that with justin trudeau i think what's going to happen is the tariffs are in place, so there's a signal there. approach to china. the tariffs are part of the stick, there's — you know, they got favoured treatment at the inauguration. a little bit, but it should be understood that this is far more than it is about trade. and trump is seeking an opening that tries to advance the geopolitical agenda here that the united states has. well, i think they're marginally negative. perspective, what the united states sees as an opportunity to kind of press

china gets the wto involved — or not. china gets the wto involved a _ or not. involved a - over. tit—for—tat tariffs with donald and ozzy osbourne will trump. and ozzy osbourne will reunite with black sabbath, and $55.25 is“? elsi? k???“ age? for his last bandmates for his last performance. the bbc speaks to wife sharon osborne about his wife sharon osborne about the conduct. welcome to newsday. stated plan to "take over" gaza to rebuild it into what he envisioned secretary, karoline leavitt, said it would be inhumane —— a seppi could be permanently relocated elsewhere. this is what is left of the gaza strip after 15 months of war. sir keir said displaced palestinians in gaza must be and the un's chief, antonio guterres, is warning mrtrump netanyahu at the white house. it is sarah smith. they were all the usual greetings and hollows, after the jawdropping “u... after this edronm" ' ' ~ ' ~ ~ on gaza. even “u... after this edronm" ' ' ~ w” ” ~ on gaza. even the minister of didn't �* the scalpel was know the scalpel was awaiting inside. know the scalpeiwas'awa' '

china ranked as the country with the biggest deficit in goods in december, sending around $25 billion more wtodures give the us and china 60 days at which point china has the right to request adjudication by a panel of judges. but the final wto panel that settles trade disputes the appointment of newjudges to the body, making it unclear well, a former senior official at the world trade organisation has told the bbc that china's formal complaint over into the us than it purchased. wto procedures give the us and china 60 days to resolve their dispute through consultations, at which point china has the right to request adjudication by a panel of judges. but the final wto panel that settles trade disputes remains unable to function, as the us refuses to approve the appointment of newjudges to the body, making it unclear how effective a remedy it will be. well, a former senior official at the world trade organisation has told the bbc that china's formal complaint over additional us tariffs has very little chance of progressing. tom graham said it would probably take a year before an initial wto dec

china lodged a complaint with the wto just one day after us president donald trump raised border taxeschinese goods by 10%, a measure he said was intended to address an influx of illegal drugs. china accused the us of making unfounded and false allegations about its role in the fentanyl trade to justify tariffs on chinese products. in the protectionist and violated world trade rules. it has also announced its own retaliatory tariffs to begin on 10 february. meanwhile, data release on wednesday showed us imports hit their highest on record in december, jumping to around $293 billion as businesses responded new to of newjudges to the making it �* effective 7 �* effective a �*effective a remedy 7 �*effective a remedy will tom graham at the wto explained how the international haw the internatienél ~ , ~ ~ , does not hew the ihterhetiehet ~ , ~ ~ , does not the organisation does not have the teeth required to take substantive ectieh the teeth required to take substantivn i actieh the teeth required to take substantiv he teeth required to take substantiv , ., , . ., complaint. i served as ch

purchased, the wto procedures give the us and chinaesolve7the 7 7 77 resolve7the dispute 7 77 7 eeésivéliieiiéputé through 77 to resolve the dispute through which point has =: right to request the right to request of adjudication by panel of judges. the final wto panel that settles trade disputes remains to function as remains unable to function as the us refuses to approve the of new to appointment of newjudges to the body making it how the body making it unlikely how effective a remedy it be. effective'a remedy it will be. whether the define whether the complaint have repercussions, i am 777 by tommy by tommy 7 as may joined by tommy graham. as may colleague just joined by tommy graham. as may colleaguejust mapped joined by tommy graham. as may colleague just mapped out, joined by tommy graham. as may colleaguejust mapped out, the trade organization does world trade organization does really have any teeth he not really have any teeth he can move forward with this not really have any teeth he can move with |rd with this not really hav

china correspondent in beijing. has more on this. subsequent governments in the us blocksjudges enforce the rules. at the wto, even whetherit can be enforced we are and xijinping said to have been pencilled in for this week talks with xijinping. also remind us the state of play with china's economy as it heads to any potential talks with donald trump fronts, whether it be real estate or local government debt. and the 10% tariffs on these goods of course is a problem. one of the areas, the chinese government is also not happy into the us while the us works out how to charge these goods which apparently are getting under the threshold of having to be paid for. going to accept these packages after a big box so it's chaos. from china to the us. to give you an idea of the scale of the problem with all of this announcements being made and decisions they are not. there is a fair bit of uncertainty at the moment matching their gender identity. the order — titled �*keeping men out of women's sports�* — discrimination in schools — remits transgender and girls sports. will only recognise two sexes, male and female. openly in the mil

spirit is very serious and obviously the alarm bells are going up already china by the way did officially file a complaint with the wtoon chinese goods he's using us to stop the flow with fentanyl from china into the u.s. and as maria has said this is a drug war this is not a trade war the ccp is pushing back accusing the u.s. of making unfounded and false allegations about his role in the fentanyl trade to justify tariffs, wto dispute settlement system has been frozen by the way since 2019. what are your thoughts on all this and where the stances coming from china right now. >> the filing of the did under wto complaint is symbolic, as you point out the appellate mechanism isn't working which means complaints go nowhere this is a reflection that xi jinping understands, he does not have any ammunition in the trade war he is trade surplus against united states last year $295.4 billion that's a 5.8% increase over 2023 trade surplus countries have a lot to lose and very little to gain entry doors, beside the u.s. economy is far larger than china and bigger economies push smaller economies around. the chinese really don't

the united states has never accepted china's ten wealthiest economies. which essentially mean that the wtovironmental consents were granted unlawfully. anders 0pedal said the rosebank field was good for ukjobs and growth. his comments follow equinor�*s announcement that it was increasing oil and gas production by 10% at the moment, we see that the energy transition is cost is increasing, meaning that, you know, what does that make you think? first of all, when i hear "drill, baby, drill", the oil and gas business. but i think all oil and gas companies will always kind an investment programme, based on price signals. more wells will be drilled. you'll know that the courts have just ruled the consent fields — the consents they got were unlawful. how confident are you that they will ever go ahead? we welcome the ruling, particularly that we are now this is an important project for us. i think it provides localjobs in scotland, localjobs in uk. it provides growth. so, we think this project will move forward. the energy secretary in the uk is against it. is open for business. it was said at the

about the terrorists mexico, can already single issue full retaliatory tariffs in exchange in china is going to wtoyour colleague senator coons put up this statement when it became official yesterday he says president trump he said is going to drive down prices to make america more affordable than on day 13 of his presidency he imposed tariffs that will send prices skyrocketing. is it a good move? >> well is 3000 americans die every two weeks from fentanyl poisoning coming across the mexican border they make the drugs, fans will produce in a mexico precursors come from china. we have been overrun in terms of 11 million illegals coming across the mexican border if you want tariffs to go away, mexico and china stop of poisoning americans stop sending fentanyl into america to kill americans prett.when have a better relatip with the united states do your part on the other side of the border, to her friends in canada i really appreciate what you're doing on the northern border. these tariffs are designed to get these countries to change their behavior. i am glad we are pushing back against china and mex

china. graham, former official at the explained to me how at the wto explained to me how the international organisationthe second level or appeals of the appeals function of the appellant body, has been closed down for five years, closed down for five years, closed down by the united states, because it had

china. graham, former official at the explained to me how at the wto explained to me how the international organisation does not really have the it éfi== nest fall? hag: ths it, i= ' ' ' to take 5555 h55 5555 h555 5h5 it, i5 ' ' ' to take any action on china's i served as complaint. what i served as chair of. — complaint. what i served as chair of, . second - complaint. what i served as chair of, . second level i complaint. what i served asl chair of, . second level or chair of, the second level or appeals of the appeals function of the appellant body, has been closed down for five years, closed down for five years, closed down by the united states, because it had 20 because it had a bipartisan 20 complaint about the way it year complaint about the way it was operating never really was operating and never really got discussed, and finally the united stopped locking united states stopped locking judges so they were too few to decide cases. any decide cases. thus an}, , r” 5 5 that decide cases. thus an}, , r” 5 ,. thatis decide cases. thus an}, , r” s ,. that is filed would complaint that is filed would

china, since 1999 when they joined the wto has never abided by the rules in any single year and they certainly don't abide by i.p. law. and clearly the fentanyl issue has been outstanding for years. in addition to that, from a manufacturing point of view, a company we know well apple does a massive amount of job creation and manufacturing there. i think the china deal is more complex and if u.s. companies never get i.p. reciprocation it is an economic war that is unique. an a.i. war and may become a military war one day. china is just completely different. they need a lot more squeezing than just this. i thought 400% would be a good place to start. you can't compare these three situations. they're all different but china is a big, big, big problem and i'm not sure this is going to be resolved on a weekend deal. >> dana: i didn't know about that tax loophole that allowed you to buy a lot of things from china under a certain amount of money. that could maybe hurt china or am i reading too much into that? >> there is a law there. the biggest problem is if you manufacture there in the la

trying to enter the world trade organization at the time and by the mid to late 1990s, china was very keen to enter the wto and part of those negotiations had to do with, you know, the company, the country needing to develop its own ip and to stop so much blatant ip infringement and so it very much was the zynga is sort of the time for tech to begin saying yeah we're we're going to develop our own ip and this sort of accelerated after cisco sued company in the early two 2000s. that was a real wakeup call huawei that you know it wasn't going to be able to expand internationally unless it really down and did its own engineering. there's a lot of attention paid to ren's background being an engineer and the people liberation army. can you talk a little bit. writing the book itself for an access to ran and huawei you use a lot from what seems to be kind of internal memos from the h.r. departments and some memoirs. so talk a little bit about, you know, how you write a book like this. yeah. yeah. and i think one of the things that made me sort of start thinking that a project like this was possible was coming acr

back to tvt issue, maria, because, now the ministry of consumers in china is saying that first off want to challenge tariffs with wto world trade organization, not even sure what they do anymore, other thing they are saying when it comes to tiktok, is not going to be a adequate unquarter merely matter the government is doing to step out of it, just let bytedance directly negotiating with the administration. where is that going? i don't have answers but real user how this is approached tiktok still a major issue for this president and american people. maria: let's take short black come back dow industrials down 600 points right now president trump's border crackdown underway nearly 9,000 illegal migrants he yetd, trump's push to pass tax cuts don't miss it you are watching "mornings with maria" live on business" stay with us. ♪ ♪ . ♪ . ooh, baby, making me crazy ♪ ♪ are finally updating our kitchen... ...doing subway tile in an ivory, or eggshell... —cream?... —maybe bone?... don't get me started on quartz. a big big island... you ever heard of a waterfall counter?... for everyone who talks about doing that thing, an

let's get a better first of how we {o should react to china's muted response saying they will go to fresponse sayingthe-g will'go to wtome sort of the wto and impose some sort of but without much geuntermeasursbut without} much tsuntermggsursbut without mush oouhtormooouroout without muoh' detail. firstly i thinkjohn's preposal— detail. firstly i thinkjohn's proposal. imposing - detail. firstly i thinkjohn'sl proposal. imposing tariffs proposal for imposing tariffs is full and is full leash. and few economies agree that they can make america great again. on the other 7 to say = tom cannot prevent china risin-. rising. most from rising. most chinese do not care imposition of a 10% tax z -= china because chinese "ow now in a seven-day spring holiday 33 m in. 3 seen—63 “3“? ~ ~ ~ , ~ 3 ~ holiday and 33 m in; 3 =33"—d3 “b“? —— ~ ~ , ~ , ~ holiday and this festival holiday and this reflects the confidence in the reflegtszthe confidence in the of the us —— of economy of the us —— of the chinese towards the eight chinese towards the us. eight years ago trump tariff years ago the trump tariff policies failed this one policies

during the clinton administration china was admitted to the w seo -- the wto? mr. greer: president bush signed the paper. sen. cornyn: the premise was china would become part of the rules-based international order. china cheats. china steals our ip. they don't recognize our rules-based international order. off the top of your head, what sort of tariffs china imposes on imports? mr. greer: tariff rates, their overall applied tariff rate on average is 7.5%, on ag products, this does not capture the full extent of the nontraded barriers and regulatory they impose on our exports. sen. cornyn: they subsidize government owned enterprises? mr. greer: exactly. it makes it difficult for anyone else to compete and results in an enormous overcapacity that floods markets. it has been a huge factor in the de-industrialization of the u.s., which we need to reverse. sen. cornyn: president trump first raised this issue in a dramatic way, exactly right to insist upon reciprocity as principal. do you agree reciprocity ought to be the basic that drives trade policy? mr. greer: i know

back i think during the clinton administration when china was admitted to the wto, is that your recollectionend of the clinton administration i think president bush signed. >> the premise about was that somehow china would become part of the international order. but the fact of the matter is, china sheets, china steals our intellectual property and they don't recognize a rules-based international order. do you know off the top your head what sort of tariffs china imposes on imports into their country? >> i do, senator, what comes to tariff rates they are overall applied tariff rate on average 7.5% on aggie product 614.5% but this does not capture the full extent of the nontraded barriers on regulatory hurdles they impose on our exports. >> they subsidize a lot of the government owned enterprises, correct? >> that's exactly right and makes it very difficult for anyone teelse to compete and results in in norma's owner capacity that floods global markets and our own markets. it's something that's been a huge factor in the deindustrialization of the united states which we need to reverse. >> abs

china says it's going to take it to the wto. the world trade organization. canada said 25% tariffs on billions of dollars, tens of billions of dollars of u.s. goods. jeff, what do you expect? where does this go? how does this end? because the white house is saying we've got to curb illegal migration, stop the flow of fentanyl, but didn't really specify anything other than that in order to prevent this trade war from escalating. >> yeah. >> and i think trade war is the right word. >> or the right phrase. i mean, it's full on. and the white house didn't expect canada and mexico. >> to. >> retaliate than they weren't thinking. i mean, i'm sure that they did expect it, even though they warned that there would be further action. so that's the right question. what else do they do? do they raise the tariffs higher? do they do more? i think one thing that i would point out is the possibility of court challenges, the way that the white house did these tariffs is different from how they did them during trump 1.0. they used an act called the emergency economic powers a

. >> china says it will fight the tariffs by taking legal action at the world trade organization, but it's unclear how the wto could intervene. in washington, caroline shively, fox news. >> uc berkeley economist jim wilcox telling us earlier the tariffs on china could have unintended consequences. >> we saw that during the trump administration, for example, when they put taxes on and suddenly the prices not only of korean and chinese washing machines and dryers went up, but also american businesses took the opportunity to raise the prices of the washers and dryers that they were selling. >> the white house press secretary telling reporters that president trump plans to speak with china's president xi jinping, in the next couple of days. stocks were lower on wall street today, but recovered from those early losses after word of the deal with mexico was announced. the dow finished the day down more than 122 points. the nasdaq dropped 235, a little more than 1% there, with tech companies seeing some of the biggest losses. and the s&p 500 was down 45 points. a protest was held tied to elon musk and his department

wto. but it does send a strong signal for china and perhaps canada, if they sign on to the european union, who loves following trade. >> rules. >> who understand that. >> what we're looking for. >> are rational actors. >> and. >> so. >> you can still play. >> the rational actor game in this process. but. you know, i. >> do. >> think that. >> the sheinbaum. >> call really put. canada in a bind here early in. >> this process. but this is the long game. >> kelly and countries are going to have to play chess in. >> order to win this. >> they will do. rick, i want to go back to you because we're showing our viewers. and if you're listening on your car, i'm sorry, you can't see anything, but the dow is now positive. it's positive by 0.01%, basically 11. but it is positive. so the market either toward rick is blowing off the news or it believes these tariffs maybe the china tariffs by the way layering on top of tariffs president biden put on nine months ago. i should point that out that these tariffs are short lived. what is your take on the markets. >> yeah. look. >> i've been. >> very shocked.

as for china, it's yet to unveil any retaliatory tariffs but has pledged to take necessary countermeasures. the commerce ministry says it will file a lawsuit with the wto over the levies, adding that trump's measures do not resolve america's own issues. the foreign ministry also specifically addressed fentanyl, describing it as america's problem. we are getting some of the first reaction out of europe this morning. eu leaders are gathering for an informal retreat in brussels today, with trump saying economic measures against the bloc will definitely happen. sylvia has been tracking all of the european reaction and she joins us now, sylvia. so europe obviously not targeted in this first round of tariffs. but president trump has made very clear that europe is in site to be hit next. what do we know in terms of what is possible and how the european leaders are preparing? >> that's it. they know that for. >> the time. >> being. >> they haven't. >> been targeted as of yet in terms. >> of tariffs. >> from the united states, but they. >> know. >> very well they could be next in line. >> as a result. >> though, there's. >> no doubt that today's. >> informal su

. >> china's commerce ministry brought a complaint against these trump tariffs to the world trade organization. does that do anything? >> no. it's more symbolic. again, you know, the wtoworld trade organization was a, you know, a very active body adjudicating trade disputes prior to president trump's first term. but during his during his first term, he bypassed the wto and made it more made it essentially obsolete. it neutered its effectiveness. so since then, it really has not been at all very helpful in helping adjudicate these disputes that that arise. so, you know, again, it's another symbolic move, just like the the step they took to investigate google for antitrust violations. you know, google has stepped back from china in a significant way already. their operations are relatively small. but, you know, by doing this, they're signaling, you know, their intent to, you know, push back if they get pushed. >> yeah. trump is expecting to speak with xi jinping in the next 24 hours. what are you looking for to come out of that call? >> well, i'm hopeful that they, you know, figure out a way to get through this without imposing broader based tariffs. you know, you know,

ambassador from china saying that a tariff would violate the world trade organization and they plan to file a complaint. would a tariff be a violation? and if so, what role does the wto have? >> well, it may well prove ultimately to be a violation of the rules as judged by the wto. but usually these cases that go to the wto can drag on for a very long time. sometimes they become quite arcane, and in the end they typically have not that much effect on the outcomes. so i think it could be perhaps a moral victory for china eventually, but i don't think it's going to make a lot of difference. >> yeah. and the expectation is president trump will be having a discussion, we believe, with china's president here in the near term to discuss those tariffs. let's move on. because still out there is the notion that president trump could impose tariffs at some point in the not too distant future against european union countries. what is the current status of european trade with the u.s, and what kind of impact could that have on our economy if the president follows through there? >> well, it could have a sizable impact. but of course, our trade with europe is nowhere near as large

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china says it firmly opposes the levies and plans to file a lawsuit with the wto. white house, though, says the tariffs are necessary to combat drug trafficking and illegal immigration. well, overnight, both canada and mexico hit back. and here's what prime minister of canada justin trudeau had to say. >> i am announcing that canada will be responding to the us. trade action with 25% tariffs against $155 billion worth of american goods. >> the prime minister is being urged to start new talks on a customs union with the eu, with the liberal democrat leader, sir ed davey, claiming it would boost the uk economy and strengthen trade against the us. sir keir starmer is in germany today for talks with chancellor olaf scholz there, ahead of a european retreat where defence is expected to top that agenda. labouris is expected to top that agenda. labour is also facing scrutiny over a donation linked to the eu, and the conservatives are warning the prime minister not to accept any further influence from the european union. but according to shadow business secretary, the prim