• The WTO moratorium on tariffs for cross-border streaming and downloads expired after Brazil refused to extend it.
  • The US, EU, Canada, Japan and others failed to renew the moratorium, a setback for the WTO.
  • 19 countries, including the US, Japan and South Korea, signed their own agreement to indefinitely refrain from tariffs on electronic transmissions.
  • The new deal takes effect on May 8, and signatories invite other WTO members to join.
  • The business world doubts the WTO’s ability to set global trade rules.

Sources & Links