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Trade News

Trump tells Paris, Berlin to 'keep making money' via trade with Tehran

Washington - US President Donald Trump said in an interview aired Sunday he does not object to France and Germany continuing trade with Iran, despite his refusal to certify the Iran nuclear deal.

EU's Tusk says reports of Brexit deadlock 'exaggerated'

Brussels - EU President Donald Tusk said Friday that reports of a deadlock in Brexit talks were "exaggerated", after leaders agreed at a summit to start internal preparations to unlock the next phase of negotiations.

European business deals with Iran are safe: Tillerson

Washington - The United States does not intend to disrupt European business deals with Iran, Secretary of State Rex Tillerson said in comments published Friday.

Swedish PM opposes Macron call to slow trade deals

Brussels - Swedish Prime Minister Stefan Lofven said Thursday he opposes moves to put the brakes on free trade deals, as French President Emmanuel Macron prepared to urge EU leaders to slow down on new agreements.

Warning for China as US hails India 'partnership'

Washington - The United States vowed Wednesday to work with India in preference to China over the next century to promote a "free and open" Asia-Pacific region led by prosperous democracies.

NAFTA talks deadlock: the main sticking points

Washington - Trade talks deadlocked Tuesday between the United States, Mexico and Canada.Officials extended negotiations into 2018, putting the future of the North American Free Trade Agreement in doubt.

Warning for China as US hails India 'partnership'

Washington - US Secretary of State Rex Tillerson promised India a new century of "strategic partnership" on Wednesday, accusing its Asian rival China of undermining international order.

After 2 months, deadlock pushes NAFTA talks into 2018

Washington - Canada, the United States and Mexico on Tuesday pushed into 2018 the current talks to overhaul the North American Free Trade Agreement, saying significant disagreements remained among the three sides.

NAFTA talks prolonged into 2018 amid sharp disagreements

Washington - Canada, the United States and Mexico on Tuesday said significant disagreements remained in talks to overhaul the North American Free Trade Agreement as they extended negotiations into 2018.

NAFTA talks' 4th round to close as disagreements persist

Washington - A fourth round of talks to revamp a landmark North American free trade pact was due to close Tuesday, as delegates reacted to tough bargaining positions from Washington but vowed to continue the negotiations.

Trump to meet Duterte on Asia trip dominated by N.Korea

Washington - US President Donald Trump will meet several key Asian leaders next month, including controversial Philippines strongman Rodrigo Duterte, on a tour otherwise dominated by efforts to isolate North Korea.

Mexico expects 'win-win' in NAFTA negotiations: central bank

Washington - Mexico expects the renegotiation of the North American trade pact to produce benefits for itself, the United States and Canada, Mexican central bank Governor Agustin Carstens said Saturday.

G20 meeting avoids thorny trade question: Schaeuble

Washington - A high-level Group of 20 finance ministers meeting on Friday avoided discussing trade matters, even as governments on both sides of the Atlantic remain locked in tense negotiations on commerce.

Protecting workers key to NAFTA success: Trudeau

Mexico - Canadian Prime Minister Justin Trudeau said Friday that a new North American Free Trade Agreement must better protect workers and the middle class, acknowledging the malaise that has fueled Donald Trump's attacks on the deal.

EU to start internal work on Brexit trade talks: summit draft

Brussels - EU leaders will next week order internal preparations for Brexit trade talks, in a ray of hope for Britain after its hopes of launching full negotiations on future ties at a summit next week were crushed.

Trudeau in Mexico for talks after tense US trip

Mexico - Canadian Prime Minister Justin Trudeau arrived in Mexico Thursday for high-level talks, on the heels of a tense visit to Washington that saw him spar with US President Donald Trump over trade.

Landmark EU-Cuba deal to take effect from November

Brussels - A landmark cooperation deal between the EU and Cuba will take effect on November 1, Brussels said Thursday, a major step towards normalising ties as tensions run high between Havana and the US.

Canada threatens to scrap arms buy as trade talks get off to rough start

Washington - Canadian Prime Minister Justin Trudeau threatened Wednesday to cancel a major arms buy from the US over a tariffs row, as talks on a North American free trade deal got off to a rocky start.

IMF chief urges more support for global trade

Washington - IMF Managing Director Christine Lagarde urged global leaders Wednesday not to reject international trade as policy shifts by Washington and London force resets on major global commercial treaties.

Britain outlines customs powers if Brexit deal fails

London - Britain on Monday outlined proposals for new laws to set tariffs and quotas including if Britain leaves the European Union with no agreement in place, as it prepares for a post-Brexit customs system.

US to sell $15 bn THAAD missile defense to Saudi Arabia

Washington - The US government has approved the sale to Saudi Arabia of the advanced Terminal High Altitude Area Defense (THAAD) missile defense system for $15 billion, the State Department said Friday.

Canada blasts Boeing, warns US jobs at stake in Bombardier trade row

Ottawa - Canada-US trade relations took a nosedive Wednesday after the US Commerce Department announced it would impose steep anti-dumping duties on Canadian manufacturer Bombardier's new CSeries jetliners.

US commerce secretary hopeful about Trump-Xi trade talks

Hong Kong - US Commerce Secretary Wilbur Ross on Wednesday said he was optimistic about trade talks between President Donald Trump and his Chinese counterpart Xi Jinping when they meet in November.

US commerce secretary says to focus on reducing defict with China

Bejing - US Commerce Secretary Wilbur Ross will return to Beijing in November to focus on reducing the US trade deficit with China, the Commerce Department announced.

US commerce secretary in Beijing ahead of Trump trip

Bejing - The visiting US commerce secretary told China's premier on Monday that the warm reception he received in Beijing "augurs very well" for Donald Trump's upcoming visit, amid tensions over trade and North Korea.

Chinese traders get down to business at Pyongyang trade show

Pyongyang - It was a tale of just two economies when the 13th Pyongyang International Trade Fair opened in the North Korean capital on Monday, with two-thirds of the exhibitors domestic firms, and almost all the others Chinese.

US says NAFTA helps Chinese goods reach American market

Washington - An increasing amount of Chinese-made components are reaching the US market through Mexico and Canada, at the expense of American manufacturers, Commerce Secretary Wilbur Ross said Friday.

British PM gathers ministers ahead of Brexit speech

London - British ministers put on a show of unity Thursday as they met on the eve of Prime Minister Theresa May's major speech on Brexit, which has been overshadowed by cabinet divisions.

British PM gathers ministers ahead of Brexit speech

London - British Prime Minister Theresa May gathered her ministers Thursday on the eve of a major speech on Brexit, seeking to restore cabinet unity after a damaging intervention by Foreign Secretary Boris Johnson.

Argentina eager to meet EU biodiesel demand after WTO ruling

General Lagos - Production is back at full capacity in Argentina's brimming biodiesel plants, producers say, after the WTO upheld Buenos Aires' complaints against European Union anti-dumping duties following a four-year battle.
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President Barack Obama talks with Chinese President Hu Jintao following their bilateral meeting at t...
President Barack Obama talks with Chinese President Hu Jintao following their bilateral meeting at the G20 Summit in Toronto, Canada
White House Photo by Pete Souza
The new free trade area in Africa will create a market with a population of 625 mn and gross domesti...
The new free trade area in Africa will create a market with a population of 625 mn and gross domestic product of more than $1 tn
Roberto Schmidt, AFP
Cape Espenberg
Cape Espenberg
Google maps
A man hawks coffee beans on a wooden bike in a stadium in Kampala  Uganda on September 20  2010.
A man hawks coffee beans on a wooden bike in a stadium in Kampala, Uganda on September 20, 2010.
The Silk Road extending from southern Europe through Egypt  Somalia  the Arabian Peninsula  Iran  Ce...
The Silk Road extending from southern Europe through Egypt, Somalia, the Arabian Peninsula, Iran, Central Asia, Pakistan, India, Java-Indonesia, and Vietnam til it reaches China. Land routes are red, water routes are blue. The Black Death originated in China and spread by way of the Silk Road. It reduced the world's population from an estimated 450 million to between 350 and 375 million in 1400.
Wikimedia Commons
Trade routes between Asia and Alaska
Trade routes between Asia and Alaska
Mail Online
Some of the hundreds of Malagasy tortises sezied in Malaysia in July 2010.
Some of the hundreds of Malagasy tortises sezied in Malaysia in July 2010.
TRAFFIC
Sino Persian trade relations
Sino Persian trade relations
Demetrios Marantis  US Deputy Trade Representative  speaks at the US-Africa Trade Press Conference h...
Demetrios Marantis, US Deputy Trade Representative, speaks at the US-Africa Trade Press Conference held at the World Economic Forum on Africa 2009 in Cape Town, South Africa
World Economic Forum
Detroit Pistons power forward Greg Monroe (10) drives to the basket during the third quarter against...
Detroit Pistons power forward Greg Monroe (10) drives to the basket during the third quarter against the New Orleans Pelicans at The Palace of Auburn Hills. New Orleans won 103-101. Jan. 24, 2014
With permission by Reuters / Tim Fuller-USA Today