World Trade Organization

This is a transcript of the full interview with PressTV for their Program “Economic Divide”, of which sections were aired in this broadcast – “U.S. military use of IMF, World Bank”
Background
Wikileaks revelation

Regime changes in Iraq and Libya, Syria’s war, Venezuela’s crisis, sanctions on Cuba, Iran, Russia, and North Korea are reflections of a new global imperialism imposed by a core of capitalist nations in support of trillions of dollars of concentrated investment wealth. This new world order of mass capital has become a totalitarian empire of inequality and repression.

US President Donald Trump said the G20 Summit was a success for America’s interests [PPIO]
World markets on Sunday may have sighed some relief after news emerged from the G20 Summit in Buenos Aires that China and the US had agreed to put the breaks on any new trade tariffs for the next three months.
The US agreed not to raise current tariffs on some $200 billion in Chinese goods from 10 to 25 per cent on January 1, 2019.

What people communicate is a matter of choice. But what can be more revealing are the issues they choose to avoid. There are certain prominent pro-GMO activists who describe themselves as ‘science communicators’.

As key representatives of the three chief villains of international finance and trade, the IMF, World Bank (WB) and the World Trade Organization (WTO) met on the lush resort island of Bali, Indonesia, they warned the world of dire consequences in terms of reduced international investments and decline of economic growth as a result of the ever-widening trade wars initiated and instigated by the Trump Administration. They criticized protectionism that might draw countries into decline of prosperity. The IMF cuts its global economic growth forecast for the current year and for 2019.

Chinese President Xi Jinping maintains a good relationship with Trump, but Chinese media has called the US a trade bully
 
US President Donald Trump has warned of imposing tariffs on as much as $500 billion in Chinese exports if Beijing retaliates against his administration’s $34 billion levies which went into effect July 6.

GENEVA — President Donald Trump’s threat to the World Trade Organization (WTO) that a failure to treat the U.S. “properly” will mean “we will be doing something” has sent shockwaves rippling through Western capitals who fear that the “America First” agenda is increasingly leading to bruising fights with the other powers who comprise the globalized, neoliberal trade system.

(ZHE) — Following the close of a second quarter that will be best remembered by President Trump’s vacillations on trade, Axios has dropped a Sunday night bombshell that may spook markets hoping for a respite from the daily escalating trade war rhetoric as the second half of the year begins: White House reporter Jonathan Swan has obtained a copy […]

As it tries to strike an agreement with the U.S. to avert a trade war that economists fear could destabilize global markets, China has an ace up its sleeve that it’s just about ready to play: The Communist Party last year implemented a ban on imports of recyclable material that is provoking a mild panic in the U.S.

“Every battle is won before it is fought.”