The U.S. is staking out policy positions that will further shake up global trade policy. The latest from U.S. Trade Representative Robert Lighthizer includes:
American withdrawal from OECD efforts to negotiate a common taxing structure on digital service companies.
A reexamination of the nonreciprocal Generalized System of Preferences (GSP) program.
Indifference and possible opposition to any resuscitation of the WTO’s dispute settlement appellate body.
Countries have already moved forward unilaterally with their own taxes on digital services and more will now likely join the revenue raids on such rich corporations. This will spark tariff retaliation by the Trump Administration, only this time they may invoke count...
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