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Trade News

EU gives Britain two months to pay 2.7 bn euros over China fraud

Apo - The EU on Monday gave Britain two months to recover 2.7 billion euros ($3.3 billion) in lost customs duties or risk referral to the EU's top court after London allegedly ignored a scam by Chinese importers.

Trump's tariffs on $200 bn of Chinese imports kick in

Washington - Donald Trump's threatened tariffs on another $200 billion of Chinese imports took effect on Monday, escalating a trade war between the world's top two economies that is clouding the global outlook.

NAFTA talks likely to continue on sidelines of UN meeting: Trudeau

Montr - Canadian Prime Minister Justin Trudeau said Sunday it was "very likely" that informal talks aimed at renewing the North American Free Trade Agreement would continue on the sidelines of the United Nations General Assembly in New York over the next sever...

BIS warns global economy risks crisis 'relapse'

Zurich - The Bank of International Settlements said Sunday the global economy risked a "relapse" of the crisis that rocked it a decade ago, warning there was little "medicine" left to treat the patient a second time.

Mexico's 'AMLO' wants two-way deal with Canada if NAFTA fails

Mexico - Mexican President-elect Andres Manuel Lopez Obrador said Friday that his country will seek a bilateral trade deal with Canada if negotiations fall through for a new North American Free Trade Agreement (NAFTA).

'High uncertainty' hurting global growth, OECD says

Paris - Global expansion is likely to slow as tensions kickstarted by US President Donald Trump's protectionist policies hit world trade, the Organisation for Economic Cooperation and Development said Thursday.

'More work' to get a continental trade deal: Trudeau

Ottawa - There is still a way to go to reach a new North American Free Trade Agreement, Canada's prime minister said Wednesday, brushing off US pressure for a quick deal as high-level talks resumed in Washington.

China denies meddling in US elections, demands 'respect'

Bejing - China on Wednesday called on the United States to show "respect" in their trade dispute and rejected President Donald Trump's claims that it was meddling in the US midterm elections by taking aim at his political base.

China denies meddling in US midterm elections

Bejing - China on Wednesday denied US President Donald Trump's claims that it was meddling in the US midterm elections by taking aim at his political base in their escalating trade war.

Chinese premier slams 'unilateralism' in trade disputes

Tianjin - Chinese Premier Li Keqiang railed against "unilateralism" on Wednesday in a veiled allusion to the trade fight with the United States, and threw his weight behind further opening of the world's second largest economy.

Trump on EU's Juncker: 'tough, nasty'

Washington - US President Donald Trump called powerful EU Commission President Jean-Claude Juncker "nasty" on Tuesday -- but that was a compliment."He's tough, he's nasty, the kind of guy I want negotiating for me," Trump told reporters at the White House.

Apple escapes China tariff hit for now, but threats loom

Washington - The latest round of tariffs that US President Donald Trump has imposed on China appeared to largely spare Apple and other consumer electronics makers but they face increasing threats from the deepening trade war between the two economic giants.

China imposes retaliatory tariffs on $60bn in US goods

Bejing - China Tuesday announced tariffs on US goods worth $60 billion in retaliation for President Donald Trump's decision to slap duties on $200 billion in Chinese products next week.

Trump accuses China of trying to 'impact' US election with trade war

Washington - President Donald Trump on Tuesday accused China of seeking to influence upcoming US elections by taking aim at his political support base in the countries' escalating trade war.

Trump accuses China of election meddling in trade war

Washington - US President Donald Trump on Tuesday accused China of seeking to influence knife-edge midterm congressional elections, by taking aim at his political support base in the economic giants' rapidly escalating trade war.

US-China trade war enters new phase

Washington - President Donald Trump on Monday effectively broadsided one of the world's largest trade relationships, announcing plans to proceed with tariffs on another $200 billion in US imports of Chinese goods.

EU business group laments China's 'reform deficit'

Bejing - Foreign companies can't compete on a level playing field in China because the world's second-largest economy is stuck in a "reform deficit", the EU Chamber of Commerce in China said Tuesday.

Trump's many trade wars: a summary

Washington - President Donald Trump, to the alarm of US trading partners, has kept his course of aggressive trade policy, imposing punitive tariffs on countries he accuses of cheating American workers.

Canada trade minister pushes quick ratification of trade deal with Asia Pacific

Ottawa - Canada's trade minister on Monday signalled that the government will push ratification of the Trans Pacific Partnership quickly through parliament, as stalled North American free trade talks have raised concerns it could lose its privileged access to t...

Trump poised to make major China trade announcement

Washington - US President Donald Trump was poised to ratchet up his trade dispute with China, with a major announcement promised later Monday that could see hundreds of billions in goods subjected to fresh import duties.

US to impose tariffs on $200 bn in Chinese goods: reports

Washington - US President Donald Trump has decided to impose tariffs on $200 billion in Chinese imports and could make the announcement in the coming days, US media reported.

EU nations mull clearing house to avoid Iran sanctions: reports

Frankfurt Am Main - Germany, France and Britain are mulling setting up a new financial institution to allow EU trade with Iran to continue despite American sanctions renewed by US President Donald Trump, German media reported Friday.

Mexico sees US-Canada trade deal 'in the coming days'

Mexico - Mexico said Wednesday it was optimistic the US and Canada would reach a trade deal "in the coming days," as its top North American trade negotiator and foreign minister jetted to Washington.

After months of tensions, US and Germany talk trade

Washington - Top economic advisors to US President Donald Trump and German Chancellor Angela Merkel -- whose relations have been strained at best for months -- met Wednesday at the White House to boost trade ties.

Japan's Abe confirms China visit this year

Vladivostok - Shinzo Abe confirmed Wednesday his plans to visit China this year in what would be the first trip to the country by a Japanese prime minister since 2011, the latest sign of warmer ties between the two rivals.

China warns of protectionism as US trade row simmers

Hanoi - China warned Wednesday that protectionism threatens global growth and cautioned "individual countries" against isolationism, in a veiled reference to the deepening trade spat between Washington and Beijing that is being closely watched across Asia.

Russia's Lavrov condemns US 'sanctions-first' diplomacy

Vladivostok - Russia's top diplomat Sergei Lavrov condemned US foreign policy on Wednesday, stoking tensions between the two powers by accusing Washington of imposing sanctions before it enters negotiations.

Most big exporters failing to check foreign bribery: report

Frankfurt Am Main - Countries that strictly enforce a worldwide pact against foreign bribery are far outnumbered and outweighed by those that turn a blind eye, a report published Wednesday by watchdog Transparency International found.

US-China trade spat looms over regional WEF meeting

Hanoi - Threats by US President Donald Trump to slap more punishing tariffs on Chinese goods are set to dominate a meeting of Asian business bigwigs and leaders that opens Wednesday in Hanoi.

Chinese companies flee overseas to avoid US tariffs

Bejing - A growing number of Chinese companies are adopting a crafty way to evade US President Donald Trump's tariffs: remove the "Made in China" label by shifting production to countries such as Vietnam, Serbia and Mexico.
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Premier Wynne talks with Senator Gary Peters about trade policy.
Premier Wynne talks with Senator Gary Peters about trade policy.
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A man hawks coffee beans on a wooden bike in a stadium in Kampala  Uganda on September 20  2010.
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