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Trade News

UK links trade to post-Brexit Irish border plans

London - Britain will on Wednesday set out its proposals for the Irish border after Brexit, seeking to use the issue to pressure the European Union into starting early trade negotiations.

UK to seek 'temporary customs union' after Brexit

London - Britain said on Tuesday it would seek a "temporary customs union" with the European Union after Brexit, in an opening gambit for trade negotiations that received a cool response from Brussels.

Progress on terms of Brexit first, before other issues: EU

Brussels - The European Union repeated Tuesday it would not address the issue of Britain's future partnership with the bloc post-Brexit until progress had first been made on the terms of withdrawal.

China warns of retaliation as Trump launches trade probe

Bejing - Trade tensions between the United States and China heated up on Tuesday as Beijing warned that it "will not sit idle" if a US probe into its intellectual property practices leads to sanctions.

China warns it 'won't sit idle' if US harms trade ties

Bejing - China warned on Tuesday that it "will not sit idle" if the United States takes actions that impair trade ties after President Donald Trump launched a probe into Beijing's intellectual property practices.

Canada looking to add environmental protections to NAFTA

Ottawa - Canada wants environmental protections added to a 23-year-old continental trade pact with Mexico and the United States, its top diplomat said Monday, ahead of trilateral talks in two days.

China warns against 'trade war' with US

Bejing - China warned Monday that nobody would win in a "trade war" with the United States as President Donald Trump prepared to launch an investigation into Chinese intellectual property practices.

In Mexico, NAFTA's 'winners' worry for its future

Juarez - Maria left behind a life of poverty as a farm worker to come to Juarez. Adriana moved to the city at 15 to work. Gildardo traveled three days across Mexico to make it here.

US, Mexico, Canada to open talks on revising NAFTA

Washington - President Donald Trump will have the chance to turn a key campaign promise into reality with this week's start of official talks to renegotiate the North American Free Trade Agreement.

International travel to US drops for first time since 2009

Washington - The number of international visitors to the United States has dropped for the first time since 2009, as did their spending, the US Department of Commerce said Friday.In 2016, 75.

Indonesia to barter palm oil, coffee for Russian fighter jets

Jakarta - Indonesia said Tuesday it would trade palm oil, coffee and tea for Russian fighter jets, saying it wanted to capitalise on international sanctions on Moscow as Foreign Minister Sergei Lavrov was due to arrive for a visit.

Strong euro worries Europe's exporters, but little risk to growth

Paris - Some European exporters are beginning to worry about the strengthening euro which has rebounded from near parity with the dollar after Donald Trump's election, though analysts see little immediate risk to growth.

For Pakistanis, China 'friendship' road runs one way

Hunza - The China-Pakistan Friendship Highway runs over 1,300 kilometres (800 miles) from the far western Chinese city of Kashgar through the world's highest mountain pass and across the border.

IMF: Countries must avoid protectionism 'at all costs'

Washington - The International Monetary Fund warned world leaders Friday to avoid resorting to protectionist measures "at all costs" due to the damage it would cause to their own and the global economy.

Irish PM rules out economic border after Brexit

Dublin - Irish Prime Minister Leo Varadkar said Ireland would not accept an economic border with Northern Ireland after Brexit and urged Britain to come up with alternatives in an unusually blunt statement.

Trump vows to 'terminate' NAFTA if negotiations fail

Struthers - US President Donald Trump vowed Tuesday to rip up a free trade deal with Canada and Mexico if the text is not renegotiated to his liking.

Panama opens embassy in China after cutting Taiwan ties

Panama - Panama announced Tuesday it has opened an embassy in China after cutting diplomatic ties with Taiwan in June.

Trump touts 'very big' trade deal with Britain

Washington - US President Donald Trump touted the prospects of a "very big" trade deal with Britain on Tuesday as the minister tasked with clinching accords for the post-Brexit era met officials in Washington."Working on major Trade Deal with the United Kingdom.

US, China agree to cooperate on deficit in first trade talks under Trump

Washington - The United States and China have agreed to cooperate on reducing the trade deficit in the first round of economic talks under the Trump administration, Washington said at the conclusion of the meeting Wednesday which produced no major breakthroughs.

US says must have more 'fair, reciprocal' trade with China

Washington - The US launched its first round of trade talks with China since Donald Trump took office in an unusually blunt manner Wednesday, demanding more "fair, equitable and reciprocal" relationship, with more access to American made goods and services.

US-China rifts widen despite economic headway

Washington - Three months after US President Donald Trump hosted a lavish welcome for his Chinese counterpart Xi Jinping at his Florida resort, the powers have made headway on an ambitious economic plan even as diplomatic rifts between them have widened.

US goes after Spanish olive imports

Washington - In Washington's latest move against what it considers unfair trade, authorities launched an investigation Thursday into whether Spanish olive imports are improperly subsidized, hurting American companies.

Chinese exports, imports beat expectations in June

Bejing - Growth in Chinese exports and imports outstripped expectations in June, data showed Thursday, fuelling hopes of stability in the world's second-largest economy.Exports rose 11.3 percent from a year ago to $196.

China says upholds UN sanctions as North Korea trade rises

Bejing - China insisted Thursday it was abiding by UN sanctions on North Korea despite a jump in its trade with the nuclear-armed nation that comes amid growing US calls for Beijing to rein in its neighbour.

EU-Canada trade pact to be applied 'provisionally' from September

Brussels - The CETA free-trade agreement between the European Union and Canada will be applied provisionally from September 21, the two sides announced in a joint statement on Saturday.

Putin attacks sanctions, protectionism on eve of G20

Berlin - Russian President Vladimir Putin attacked sanctions against his country and called for an end to trade protectionism, in an editorial published in Germany Thursday ahead of the G20 summit.

Traders say business as usual at China-N.Korea border

Dandong - Trucks still line up bumper-to-bumper on the "Sino-Korean Friendship Bridge" to bring goods from North Korea into China even as Beijing faces massive pressure to strangle its Communist ally economically.

US homeland security chief talks drug crackdown with Mexican president

Mexico - US Secretary of Homeland Security John Kelly met Wednesday with Mexican President Enrique Pena Nieto to discuss the countries' joint fight against drug cartels, officials said.

Total to sign Iran gas deal, biggest since sanctions lifted

Tehran - French energy giant Total will finally sign its multi-billion-dollar agreement to develop an Iranian offshore gas field on Monday, the oil ministry said, in the biggest foreign deal since sanctions were eased last year.

Japan, EU to hold crunch trade deal talks

Brussels - European Commission head Jean-Claude Juncker dispatched the EU's top trade officials to Tokyo Thursday for crucial talks to seal a long-awaited deal with Japan.
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