Australia’s trade minister has extended an olive branch to China, suggesting a “compromise situation” or “alternative way” to settle trade disputes might emerge in talks between the two countries. Don Farrell made the comments in an interview with Guardian Australia hailing “positive signs” in Australia’s relationship with China, including the foreign minister, Penny Wong, planning to meet her counterpart, and China’s consent to a trade dispute appeal process. Since the Albanese government was elected in May, Australia and China have reopened lines of communication including the deputy prime minister, Richard…
Tag: World Trade Organization
European Steel Plan Shows Biden’s Bid to Merge Climate and Trade Policy
WASHINGTON — President Biden has promised to use trade policy as a tool to mitigate climate change. This weekend, the administration provided its first look at how it plans to mesh those policy goals, saying the United States and the European Union would try to curb carbon emissions as part of a trade deal covering steel and aluminum. The arrangement, which American and European leaders aim to introduce by 2024, would use tariffs or other tools to encourage the production and trade of metals made with fewer carbon emissions in…