The WTO's leadership is reportedly still trying to salvage a deal in Bali and has floated alternative language on a peace clause for India's proposed food security (public stockholding) plan.
Misfit Toys The WTO's leadership is reportedly still trying to salvage a deal in Bali and has floated alternative language on a peace clause for India's proposed food security (public stockholding) plan. India wants its domestic market subsidy to be permanently enshrined in the WTO and opposes the current draft text requirement stating that members "shall ensure that stocks procured under such programs do not distort trade."Separately, Yemen became the latest least-developed country to join the WTO, bringing the count to 160 nations. Countr...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
Key Takeaways: The tariff burden rose sharply in 2025 and 2026: the effective rate on imports in HTS Chapters 1–24 increased from 1.53 percent in 2024 to 6.11 percent in 2025, before averaging 5.68 percent in January–August 2026. Headline rates tell only part of the story: exemptio...
Markets are getting into the Halloween spirit, handing out more tricks than treats. There has been some encouraging news, but it hasn’t been enough to slow the broader slide. Now buyers need to show up with something other than another “Charlie Brown” rock for the bag. Somethi...
