The FT reports: The European Union will next week launch an appeal against a World Trade Organisation ruling that found EU members were illegally subsidising Airbus. ... People familiar with the dispute said the EU appeal will focus on alleged export subsidies for the A380, Airbus’s largest jumbo launched in

The Economist reports on a California law that may make it hard for certain foreign companies to bid on  high speed rail contracts: LAWMAKERS in California voted unanimously on June 29th to approve a proposed law which would force any company bidding for contracts to build the state’s new

From BusinessWeek: Beijing blocked imports of soybean oil from Argentina in response to anti-dumping investigations by the South American country on Chinese goods ranging from steel pipes to textiles, according to a state-backed trade group. Isn't this a clear violation of DSU Article 23?  Shouldn'

From the LA Times: The issues raised by both [WTO Aircraft] cases are important, and together they should help clarify what governments can and cannot do to support the aviation industry. Tougher limits on subsidies would assist both Boeing and Airbus — they can raise capital relatively cheaply to develop new

He has been a little unclear at times, but I think this Paul Krugman post, which is about his view that Hayek misunderstood the sources of the Depression, summarizes his (Krugman's) position nicely: Just to be clear, I don’t think the Smoot-Hawley tariff was a good

From a NY Times article:  What is the trilemma in international finance?  It stems from the fact that, in most nations, economic policy makers would like to achieve these three goals: • Make the country’s economy open to international flows of capital. Capital mobility lets a nation’s citizens diversify