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Trade News

US hails $110 mn rice export agreement with S.Korea

Washington - South Korea has agreed to buy more than $100 million in annual US rice exports, US officials said Tuesday.

US extends license for businesses to work with Huawei by 90 days

Washington - The United States on Monday granted another 90 days for companies to cease doing business with China's telecoms giant Huawei, saying the move would allow service providers to continue to offer coverage in rural areas.

Pelosi: USMCA passage could occur 'this year'

Washington - The US House of Representatives could approve a new North American trade pact before the end of 2019, Speaker Nancy Pelosi said Thursday.

In swipe at US, BRICS hit out at protectionism

Bras - Five of the biggest emerging economies railed against protectionism on Thursday as they vowed to overcome "significant challenges" facing multilateralism, in a swipe at US tariffs and unilateral action.

In swipe at US, BRICS hit out at trade protectionism

Bras - Five of the biggest emerging economies railed against protectionism on Thursday as they vowed to overcome "significant challenges" facing multilateralism, in a swipe at US tariffs and unilateral action.

Tariffs' removal a 'condition' for US trade deal: China

Bejing - China on Thursday said eliminating tariffs was a "condition" for reaching a trade agreement with the United States, a demand US President Donald Trump said earlier this month that he had rejected.

Hanoi struggles to curb fake 'Made in Vietnam' goods

Hanoi - Vietnam is struggling to curb fraud in exports destined for America, custom officials said Thursday, as manufacturers seek to dodge punishing tariffs due to the US-China trade spat by illegally using "Made in Vietnam" labels.

China says 'in depth' talks on tariffs removal underway with US

Bejing - China Thursday said it is discussing with the US "in depth" about a first phase trade deal and a potential rollback of tariffs, despite recent mixed messages over the lingering trade impasse.

Greece 'natural ally' in boosting trade: China's Xi

Athens - Greece is a "natural ally" in China's global trade expansion plans, Chinese President Xi Jinping said Monday during a three-day state visit.

China's Xi arrives in Athens to 'deepen cooperation'

Athens - Chinese President Xi Jinping touched down in Athens on Sunday, for a three-day visit looking at "a deeper cooperation with Greece in all sectors".

China to resume Canadian beef, pork imports: Trudeau

Ottawa - China has agreed to resume imports of Canadian beef and pork, Prime Minister Justin Trudeau announced Tuesday, signalling a breakthrough in their tense relations.

Xi pledges wider market access, free-trade deals

Shanghai - President Xi Jinping on Tuesday pledged to further open China's economy, declaring the world must "knock down walls" as he opened an annual trade fair against the backdrop of the US tariffs war.

Xi pledges wider market access, free-trade deals

Shanghai - President Xi Jinping on Tuesday pledged to further open China's economy, declaring the world must "knock down walls" as he opened an annual trade fair in Shanghai.

World's biggest trade deal nears finish despite India holdout

Bangkok - The world's biggest trade deal is likely to move forward without India for the time being, diplomats and officials said Monday, as negotiators pushed to finalise the sprawling Asian pact backed by China.

French leader seeks China deals, also set to raise 'taboo' issues

Shanghai - French President Emmanuel Macron arrived in China on Monday to drum up new business deals, but under warning from his hosts to keep off thorny issues such as the pro-democracy protests in Hong Kong.

World's biggest trade deal to be delayed to 2020: draft ASEAN statement

Bangkok - The signing of the world's largest trade pact will likely be kicked back to 2020, according to a draft statement by Southeast Asian leaders, delaying a deal craved by China as it seeks to temper the fallout from a painful tariff war with the US.

World's biggest trade deal to be delayed to 2020: draft ASEAN statement

Bangkok - The signing of the world's largest trade pact will likely be kicked back to 2020, according to a draft statement by Southeast Asian leaders, delaying a deal craved by China to offset a painful tariff war with the US.

China, US trade negotiators reach 'consensus on principles'

Bejing - Top Chinese and US trade negotiators have "reached consensus on principles", China's commerce ministry announced in a statement Saturday.

Iraqi Kurds boycott Turkish goods after Syria assault

Sulaimania - Shopkeepers in Iraq's Kurdish region have been responding to activists' calls to boycott Turkish goods in protest at Ankara's assault on Kurdish forces in neighbouring Syria.

Trump: new location for US-China trade deal signing to be 'announced soon'

Washington - President Donald Trump said Thursday that an alternative location for his signing of a US-China trade deal with President Xi Jinping will be "announced soon," following cancellation of an APEC summit in Chile.

Trump vows China trade deal will help farmers

Washington - President Donald Trump on Monday again said a trade deal is imminent with Beijing that will help American farmers hurt by retaliation in the grinding conflict between the economic powers.

US to end scheduled flights to all Cuban airports except Havana

Washington - The United States will suspend all scheduled flights to Cuba except to its capital Havana, authorities said Friday, as US President Donald Trump pushes to dismantle the rapprochement begun by his predecessor Barack Obama.

Japan trade minister resigns over donation scandal

Apo - Japan's new trade minister has submitted his resignation after being accused of violating election law by offering voters money and gifts, Prime Minister Shinzo Abe said on Friday.

EU sets up team under Barnier for post-Brexit UK ties

Strasbourg - The European Commission said Tuesday that its Brexit negotiator Michel Barnier will head a new team to guide future relations with Britain after it leaves the EU.

China's top diplomat says 'confident' of investment deal with EU

Paris - China's foreign minister said Monday that he was confident of a investment deal being clinched with the European Union, while pressing for talks "as soon as possible" on a free trade accord.

IMF chief says building 'peer pressure' to follow trade rules

Washington - With trade tensions undermining confidence and global growth, economic leaders are increasingly pushing each other to fix the shortcomings that fueled the disputes, IMF chief Kristalina Georgieva said Saturday.

IMF chief says building 'peer pressure' to follow trade rules

Washington - With trade tensions undermining confidence and global growth, economic leaders are increasingly pushing each other to fix the shortcomings behind the disputes, IMF chief Kristalina Georgieva said Saturday.

Former IMF chief Lagarde takes swipe at Trump's Twitter habits

Washington - Former IMF chief Christine Lagarde said President Donald Trump's trade offensive against China could slash global economic growth and she critiqued his Twitter habits in an interview with US television program 60 Minutes.

China, US make 'substantial' trade deal progress: top official

Bejing - Beijing and Washington have made "substantial progress" towards a partial trade deal, China's top trade negotiator said Saturday, in his first comments since talks with US president Donald Trump last week.

US targets Cuba tourism with tighter airline sanctions

Washington - The US moved to further hurt Cuba's vital tourism industry by tightening the ability of the country's airlines to lease aircraft.
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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
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