EU, China and 15 others agree temporary fix to WTO crisis
(WorldNews China)

BRUSSELS/DAVOS — The European Union, China and 15 other World Trade Organization members agreed on Friday to create a temporary mechanism to settle trade disputes after U.S. action rendered the WTO incapable last month of acting as the umpire of global trade. The European Commission said the WTO members involved had agreed to preserve the WTO’s two-step...