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Trade News

US holds off on extra tariffs in EU Airbus dispute

Washington - Washington said Wednesday it would hold off on its threat to impose higher tariffs on $7.5 billion worth of EU goods in its long-running dispute over subsidies to European aircraft maker Airbus.

Israel closes Gaza goods crossing after balloon attacks

Jerusalem - Israel will close its goods crossing with the Gaza Strip, authorities said Monday, after militants in the Hamas-run territory fired rockets into the Mediterranean and launched incendiary balloons towards the Jewish state.

Canada to slap Can$3.6 bln counter-tariffs on US aluminum

Ottawa - Ottawa will hit American aluminum products with Can$3.6 billion (US$2.7 billion) in counter-tariffs, Deputy Prime Minister Chrystia Freeland said Friday, in response to "absurd" US levies announced on Canadian goods.

Trump reimposes 10% tariff on Canadian aluminum

Clyde - President Donald Trump on Thursday announced he had ordered a 10 percent tariff on Canadian aluminum be reimposed, saying America's key trading partner was flooding the US market with the metal.

Trump reimposes 10% tariff on Canadian aluminum

Clyde - President Donald Trump on Thursday announced he had ordered a 10 percent tariff on Canadian aluminum be reimposed, saying America's key trading partner was flooding the US market with the metal.

Deadlocked WTO fails to agree on appointing interim head

Geneva - The beleaguered World Trade Organization said its members failed to agree Friday on appointing one of the four deputy directors-general as an interim chief -- underlining the deadlock in the institution.

U.S. DOJ accuses China on stealing COVID-19 trade secrets Special

The escalating war of words between China and the U.S. took a different tangent, crossing over to COVID-19 related matters. This was triggered by the U.S. government in relation to a specific area of coronavirus measures.

EU calls on US to lift tariffs in plane dispute

Paris - The EU called Friday on the United States to lift tariffs imposed in a long-running dispute over aircraft subsidies after Airbus said it had brought itself into compliance with World Trade Organization rulings.

WTO leadership rivals pitch path out of 'existential crisis'

Geneva - The World Trade Organization is stuck in a serious, even existential crisis, leadership candidates said Wednesday as the first wave of contenders made their pitches for the post.

Trump ends Hong Kong trade preferences, backs banking sanctions

Washington - US President Donald Trump on Tuesday stripped Hong Kong of preferential trade treatment and authorized sanctions on banks over China's clampdown in the financial hub, infuriating Beijing which vowed to retaliate.

UK unveils post-Brexit border plans and ad campaign

London - Britain on Monday launched another Brexit advertising blitz and unveiled its first detailed proposals for managing the country's borders after cutting ties with the European Union.

US launches talks with Kenya on free trade pact

Washington - The US government formally launched talks with Kenya on Wednesday aimed at setting up a free trade agreement that could form the basis for deals with other African nations.

Mexican president to talk trade with Trump as virus rages

Mexico - Mexican President Andres Manuel Lopez Obrador heads to Washington on Wednesday to talk trade with Donald Trump, against the backdrop of the coronavirus pandemic and the US leader's bid for re-election.

Mexican president to talk trade with Trump as virus rages

Mexico - Mexican President Andres Manuel Lopez Obrador heads to Washington on Wednesday to talk trade with Donald Trump, against the backdrop of the ongoing coronavirus pandemic and the US leader's bid for re-electionIt will be Lopez Obrador's first foreign vis...

US seizes Chinese products made from human hair in forced labor crackdown

Washington - US customs officials said Wednesday they had seized a shipment of products made from human hair believed to be made by Muslims in labor camps in China's western Xinjiang region.

US says considering new taxes on $3.1 bn in European products

Washington - The United States is considering levying taxes on an additional $3.1 billion in European imports amid a dispute over subsidies to planemaker Airbus.

EU warns China over Hong Kong security law

Apo - The EU warned China it would face "very negative consequences" if it presses ahead with a new security law for Hong Kong, stepping up pressure on Beijing over the controversial legislation.

With ties in the balance, EU and China hold tense summit

Apo - Chinese leaders and senior EU officials hold a video summit Monday with tensions rising over new tariffs targeting Chinese firms and European disquiet at Beijing's assertiveness on the world stage.

Trump warns of 'complete decoupling' from China despite talks

Washington - President Donald Trump warned Thursday the United States had the option to separate from China's deeply intertwined economy, despite the powers' pledges to move forward on a trade deal.

US-European trade talks stalled over 'unsafe' American food

Washington - US trade talks with the European Union and Britain have stalled in part due to suspicions of poor American food standards, Washington's chief negotiator said Wednesday.

France won't rule out 'no deal' on UK future ties

Paris - France does not rule out Europe failing to reach a deal on its post-Brexit relationship with Britain but very much wants to avoid such an outcome, its foreign minister was quoted as saying Tuesday.

Trump to halve US troops in key NATO ally Germany

Washington - President Donald Trump said Monday he will halve the number of US troops in Germany because Berlin is "delinquent" in contributions to NATO and treats the United States "badly" on trade.

Trump threatens EU, China tariffs over lobster duties

Bangor - President Donald Trump threatened Friday to impose tariffs against the European Union and China in retaliation for duties imposed on imports of US lobster.

Post-Brexit trade talks resume but little sign of breakthrough

Apo - Trade negotiators from Britain and the EU embarked on a fourth round of post-Brexit negotiations Tuesday but no-one in London or Brussels expects a breakthrough this week.

Bad tempered post-Brexit talks enter crucial phase

Apo - Britain and the EU will attempt to revive their imperilled trade talks on Tuesday, entering a crucial week of negotiations that could mark the final hope for a deal.

US aide renews warning on China's proposed law for Hong Kong

Washington - A top White House aide renewed a warning on Sunday that the US might revoke Hong Kong's special trading privileges if China enacts a tough new security law covering the territory.

WTO to open nominations for next director on June 8

Geneva - Candidates to succeed Roberto Azevedo as head of the WTO will have one month from June 8 to submit their nominations, the global trade body said following the Brazilian's surprise resignation.

Australia threatens WTO action as dispute with China deepens

Sydney - Australia threatened Tuesday to take China to the World Trade Organisation to counter a fresh round of punitive sanctions, as the two countries clashed over an investigation into the origins and spread of the coronavirus.

China tells US to stop 'unreasonable suppression' of Huawei

Bejing - Beijing has urged the United States to stop the "unreasonable suppression of Huawei and Chinese enterprises" after Washington announced new export controls to restrict the tech giant's access to semiconductor technology.

UK holds firm on Brexit extension

London - Despite the deadlock in post-Brexit EU trade talks and the disruption of coronavirus, London still refuses to consider delaying a December deadline -- and the outbreak may even have toughened its stance.
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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
Wynne in meeting with New Jersey Representative Bill Pascrell and Ways and Means democratic members ...
Wynne in meeting with New Jersey Representative Bill Pascrell and Ways and Means democratic members on NAFTA and how they can work together to strengthen auto manufacturing in North America.
Office of the Premier Kathleen Wynne
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
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.
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
Premier Wynne talks with Senator Gary Peters about trade policy.
Premier Wynne talks with Senator Gary Peters about trade policy.
Premier Kathleen Wynne
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
Sino Persian trade relations
Sino Persian trade relations
Trade routes between Asia and Alaska
Trade routes between Asia and Alaska
Mail Online
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
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
Varieties of soybeans (Glycine max).
Varieties of soybeans (Glycine max).
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Cape Espenberg
Cape Espenberg
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