---
title: Top International Business News this Week | July 30, 2020
description: A summary of top stories this week. To stay up-to-date, be sure to sign up to receive our emails and follow us on social media.
---

[World Trade Center Miami Blog ](https://blog.wtcmiami.org/worldtradecentermiamiplatform)

# [Top International Business News this Week | July 30, 2020](https://blog.wtcmiami.org/worldtradecentermiamiplatform/top-international-business-news-this-week-0)

 Written by [WTCM](https://blog.wtcmiami.org/worldtradecentermiamiplatform/author/wtcm) | Jul 30, 2020 11:16:16 AM

Below is a summary of top stories this week.  To stay up-to-date, be sure to sign up to receive our emails and follow us on social media. 

- More on the situation in China: the U.S. consulate in Chengdu officially shut down [in retaliation for Houston closure](https://t.sidekickopen06.com/s1t/c/5/f18dQhb0S7lM8dDMPbW2n0x6l2B9nMJN7t5XWPfhMynW7fKbvY8pT99nW56dGDJ66zLc2102?te=W3R5hFj4cm2zwW4mKLS-3Fb2KYW3Fbt5S1S1nmqW1L5Mhy1S3TZVW4cKJg73F7y5HW3P04Cy4hLTtfW43TDd93ZSzDVW1GyZQG41PypDW3ZZpbf49Kpj_W41YyYf3R2N-GW3T1jVG4p6Vqn39x12&si=8000000003199700&pi=b2dc6367-3fb9-4774-8c5a-d9e437fc4ebd).
- More on the EU tariffs and Airbus situation [here](https://t.sidekickopen06.com/s1t/c/5/f18dQhb0S7lM8dDMPbW2n0x6l2B9nMJN7t5XWPfhMynW7fKbvY8pT99nW56dGDJ66zLc2102?te=W3R5hFj4cm2zwW3M664n4hJT_CW3Fbt5S1S1nmqW1L5Mhy1S320JW4hbQQQ49JgcDW1GJtj14fDYtZW3M2mV74mJtL90&si=8000000003199700&pi=b2dc6367-3fb9-4774-8c5a-d9e437fc4ebd)
- Several weeks ago, France imposed a digital tax on U.S. companies that do not do business there- [U.S. response](https://t.sidekickopen06.com/s1t/c/5/f18dQhb0S7lM8dDMPbW2n0x6l2B9nMJN7t5XWPfhMynW7fKbvY8pT99nW56dGDJ66zLc2102?te=W3R5hFj4cm2zwW4fHRGK3T0vDjW3Fbt5S45SzBBW3Fgxrd3T1jDCW3F6bXL1N6PLlW1T-PfR4hJtv5W3z8PWD41S_lRW49HSG343Tw4jW43myvJ45SBbJW1GJ1gl3SZ_gmW1GF-0y3M7lmxW3F7sbd49PFWfW3Fdz0p43XXPPW1Gznm_3T3Qtlf1GJ1gs04&si=8000000003199700&pi=b2dc6367-3fb9-4774-8c5a-d9e437fc4ebd) and [recap here](https://t.sidekickopen06.com/s1t/c/5/f18dQhb0S7lM8dDMPbW2n0x6l2B9nMJN7t5XWPfhMynW7fKbvY8pT99nW56dGDJ66zLc2102?te=W3R5hFj4cm2zwW3R3bFN1JBSQVW3NC1tt1LwWgGW3R3bFN1LyzbrW3S-pXv4cgtCRW1Q6zTH20VQcMW3LCDJW3zdYNrW1Gznm_3T3QtlW1GHD7H4kFk-9W4cfMtm4p6sHqW3z8p253GGZlH39x12&si=8000000003199700&pi=b2dc6367-3fb9-4774-8c5a-d9e437fc4ebd).  France’s President Macron has recently stated that he wanted the European Union to work towards levying an [EU-wide digital tax](https://t.sidekickopen06.com/s1t/c/5/f18dQhb0S7lM8dDMPbW2n0x6l2B9nMJN7t5XWPfhMynW7fKbvY8pT99nW56dGDJ66zLc2102?te=W3R5hFj4cm2zwW4fDZ0l43Xx5zW3zhs7S41pq_HW3NB_-J3P28WXW3ZrXZ34p6sHyW49PGYS1G9tDj347K2&si=8000000003199700&pi=b2dc6367-3fb9-4774-8c5a-d9e437fc4ebd) on big tech multinationals.  [Ireland opposes it.](https://t.sidekickopen06.com/s1t/c/5/f18dQhb0S7lM8dDMPbW2n0x6l2B9nMJN7t5XWPfhMynW7fKbvY8pT99nW56dGDJ66zLc2102?te=W3R5hFj4cm2zwW4mKLS-3T2_d7W3R5gH53K96w1W43T4NR4hLZLWW3K9dy93Fbt6_W3K8PHN3zd14nW49PGYS49RN4GW3T2-V23zdYS7W4mGpWC3GGyv8W45SBbJ1GzQVrW3H6wfV4fDXYpW4fDY_h4cGpC7W1GF6FB3Q-XzwW1TXmZQ3ZrXkVW49RLJ-1G92-dw1T_YcL4M-2&si=8000000003199700&pi=b2dc6367-3fb9-4774-8c5a-d9e437fc4ebd)
- <https://t.sidekickopen06.com/s1t/c/5/f18dQhb0S7lM8dDMPbW2n0x6l2B9nMJN7t5XWPfhMynW7fKbvY8pT99nW56dGDJ66zLc2102?te=W3R5hFj4cm2zwW4mKLS-3T2_d7W3R5gH53K96w1W43T4NR4hLZLWW3K9dy93Fbt6_W3K8PHN3zd14nW49PGYS49RN4GW3T2-V23zdYS7W4mGpWC3GGyv8W45SBbJ1GzQVrW3H6wfV4fDXYpW4fDY_h4cGpC7W1GF6FB3Q-XzwW1TXmZQ3ZrXkVW49RLJ-1G92-dw1T_YcL4M-2&si=8000000003199700&pi=b2dc6367-3fb9-4774-8c5a-d9e437fc4ebd>EU to consider [new tax proposals](https://t.sidekickopen06.com/s1t/c/5/f18dQhb0S7lM8dDMPbW2n0x6l2B9nMJN7t5XWPfhMynW7fKbvY8pT99nW56dGDJ66zLc2102?te=W3R5hFj4cm2zwW4mKLS-3Fb1J1W1JxwY51L6zDHW1N3TK31L6zVSW3Kb3qV45NnVdW1Gy-qX3_VrSDW3T1McG4fLG3VW41Znhr3ZrWsCW3zdZ6p4cfMtDW1GF6FF3SZ3jJW3SxfNG3SZ3jBW43XY7v1Gy-J3W4cKKSs3R5h120&si=8000000003199700&pi=b2dc6367-3fb9-4774-8c5a-d9e437fc4ebd) to repay new debt from the breakthrough 750 billion euros deal for COVID-19 recovery.
- WTO semi-annual [trade monitoring report](https://t.sidekickopen06.com/s1t/c/5/f18dQhb0S7lM8dDMPbW2n0x6l2B9nMJN7t5XWPfhMynW7fKbvY8pT99nW56dGDJ66zLc2102?te=W3R5hFj4cm2zwW4mKLS-4mJtL8W43Wg2w3K777gW3T3pBN41RkQfW3vd0Y23KbWrMW1NrY7p4fM_kcW4kz4WH3W2PpdF1NrY7nSyZv1&si=8000000003199700&pi=b2dc6367-3fb9-4774-8c5a-d9e437fc4ebd) states that member countries have imposed trade restrictions on approximately $1.7 trillion in importing goods since 2009.  *“Between mid-October 2019 and mid-May 2020, WTO members implemented 363 new trade and trade-related measures, 198 of them trade-facilitating and 165 trade-restrictive. Most of them, 256 (about 71 per cent) were linked to the pandemic,” the WTO said.*
- Free Trade Agreement watch: the Free Trade Agreement between the EU and Vietnam will enter into force on August 1, 2020 and will liberalize the majority of the import duties imposed by the EU and Vietnam for goods originating from the other country.  Here is a summary from [Ernst & Young](https://t.sidekickopen06.com/s1t/c/5/f18dQhb0S7lM8dDMPbW2n0x6l2B9nMJN7t5XWPfhMynW7fKbvY8pT99nW56dGDJ66zLc2102?te=W3R5hFj4cm2zwW4mKLS-3KcDlQW43T4NV41NQyvW1LF6gR1Gy7chW49RMzc3K9ZmWW3SZC103zdryRW49Kvcm4fM_2-W3JF3MQ49KvdyW3K78fL3K78gNW49RcZQ41YzbtW3M66433JF3N1W1GFZjD1Q1GBrW3P78x41G9tDj1W3&si=8000000003199700&pi=b2dc6367-3fb9-4774-8c5a-d9e437fc4ebd)
- <https://t.sidekickopen06.com/s1t/c/5/f18dQhb0S7lM8dDMPbW2n0x6l2B9nMJN7t5XWPfhMynW7fKbvY8pT99nW56dGDJ66zLc2102?te=W3R5hFj4cm2zwW4mKLS-3KcDlQW43T4NV41NQyvW1LF6gR1Gy7chW49RMzc3K9ZmWW3SZC103zdryRW49Kvcm4fM_2-W3JF3MQ49KvdyW3K78fL3K78gNW49RcZQ41YzbtW3M66433JF3N1W1GFZjD1Q1GBrW3P78x41G9tDj1W3&si=8000000003199700&pi=b2dc6367-3fb9-4774-8c5a-d9e437fc4ebd>Be sure to visit U.S. Dept of Commerce/ITA site for information on cases, duties and other announcements [here](https://t.sidekickopen06.com/s1t/c/5/f18dQhb0S7lM8dDMPbW2n0x6l2B9nMJN7t5XWPfhMynW7fKbvY8pT99nW56dGDJ66zLc2102?te=W3R5hFj4cm2zwW4mKLS-4fM_2-W3JFvN14kbbD5W1Gy6wk4kC8S_W3zh1j13zdZLNW4hJTS73_SNwq2273&si=8000000003199700&pi=b2dc6367-3fb9-4774-8c5a-d9e437fc4ebd).  

[View full post](https://blog.wtcmiami.org/worldtradecentermiamiplatform/top-international-business-news-this-week-0)

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