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Trade News

White House has deal to lift sanctions on China's ZTE

Washington - US President Donald Trump said Friday he had reached a deal to keep Chinese telecoms giant ZTE running, rolling back some penalties in exchange for security guarantees -- a move that infuriated Democrats and some in his own party.

White House has deal to lift sanctions on China's ZTE: report

Washington - The White House says it has reached a deal with Chinese telecoms giant ZTE that would lift crippling sanctions slapped on the company, The New York Times reported Friday.

Putin warns trade war risks global economic crisis

Sanktpeterburg - Russian President Vladimir Putin warned Friday that the world could be heading for an unprecedented economic crisis due to the confrontational trade policy and protectionism being pursued by the United States.

Europe fears trade dispute escalation as US weighs auto tariffs

Frankfurt Am Main - The European Union and German automakers reacted with dismay Thursday after the US said tariffs on car imports could be on the horizon, potentially opening a new front in a burgeoning transatlantic trade conflict.

EU says US car import threat 'difficult to understand'

Apo - A top EU official on Thursday expressed deep surprise at the fresh threat by the Donald Trump administration to hit European auto imports with tariffs as transatlantic trade tensions worsened.

Volkswagen rejects 'protectionism' after US car tariff threat

Frankfurt Am Main - Car behemoth Volkswagen warned Thursday against "one-sided protectionism" after the United States said it was considering new taxes on auto imports in the name of national security."One-sided protectionism has never helped anyone in the long term.

Merkel, Chinese premier defend Iran deal, free trade

Bejing - German Chancellor Angela Merkel and Chinese Premier Li Keqiang defended the Iran nuclear deal on Thursday, with Li hinting that terminating the pact would complicate negotiations with North Korea.

China denies setting target to cut US trade surplus

Bejing - China said Thursday it has not set a target to cut its trade surplus with the US but will seek to increase imports after the two sides stepped back from a potential trade war.

Japan hits back as US mulls auto tariffs

Apo - Japan's trade minister on Thursday pushed back against Washington for considering possible tariffs on automobile imports, a major driver of the Japanese economy.

Trump administration weighs slapping tariffs on auto imports

Washington - The US Commerce Department said Wednesday it launched an inquiry that could allow the Trump administration to impose tariffs on auto imports over national security concerns.

Brexit plan to leave customs union not ready until 2021: tax chief

London - A post-Brexit blueprint to replace Britain's customs union with the European Union will not be ready until the end of 2020, tax chief Jon Thompson has told lawmakers.

EU green-lights talks on Australia, NZ trade deals

Apo - The EU officially launched free trade talks with Australia and New Zealand on Tuesday, part of Europe's desire to promote free trade deals against the increasingly protectionist stance of the United States.

EU fears offer to US not enough to end trade row

Apo - The EU's own top trade official warned Tuesday that the bloc's last-ditch bid to persuade US President Donald Trump to back off stiff tariffs on metals imports from Europe fell short of expectations in Washington.

China to cut auto tariffs on July 1 as trade tensions ease

Bejing - China announced Tuesday that it would cut tariffs on auto imports from July 1, the latest sign of a thaw in trade frictions with the United States.

China says to cut auto import tariffs on July 1

Bejing - China will cut tariffs on most imported cars to 15 percent from July 1, the finance ministry said on Tuesday following a thaw in trade tensions with the United States.

EU fears offer to US not enough to end trade row

Apo - The EU's own top trade official warned Tuesday that the bloc's last-ditch bid to persuade US President Donald Trump to back off stiff tariffs on metals imports from Europe fell short of expectations in Washington.

New Washington-Beijing trade 'consensus' resolves little: analysts

Washington - The compromise reached over the weekend between Washington and Beijing has reduced the threat of a trade war, but the Americans won few concessions from the Chinese side, with key disagreements far from being resolved.

Japan-US trade surplus edges up in April

Apo - Japan's politically sensitive trade surplus with the US edged up in April, government data showed Monday, after Tokyo warned it may take retaliatory measures against US tariffs.Japan logged a surplus in April of 615.7 billion yen ($5.

US, China agree to abandon trade war: Beijing

Bejing - Washington and Beijing have agreed to abandon any trade war and back off from imposing tariffs on each other, Chinese state media reported Sunday.

US, China reach trade 'consensus' but offer few details: statement

Washington - The United States and China said Saturday they had reached consensus on measures to "substantially" reduce the US trade deficit with Beijing by "significantly" increasing its purchases of US goods, but offered few details.

Iran wary as EU presents plans to save nuclear deal

Tehran - Iran said Saturday it would wait to see whether Europe produces tangible results in overcoming US sanctions before it decides whether to stay in the nuclear deal, as a top EU official visited Tehran to present plans for maintaining trade ties.

EU commissioner in Iran in bid to protect trade ties

Tehran - EU Energy Commissioner Miguel Arias Canete arrived in Tehran on Saturday to present plans for continuing oil and gas purchases and protect European companies despite renewed US sanctions on Iran.

U.S. dashes hopes for NAFTA deal, citing 'gaping' differences

U.S. Trade Representative Robert Lighthizer threw cold water on any talk of a quick resolution to outstanding NAFTA issues on Thursday evening, citing "gaping differences" between the three countries on many of the issues.

Chinese bank sells Trump dinner tickets for $150,000: report

Bejing - A Chinese bank has been offering its clients the chance to buy tickets to a dinner with US President Donald Trump for $150,000, Bloomberg News reported Friday.

Trump dampens chances of trade deal with China

Washington - US and Chinese officials face a new round of tough trade talks on Friday as President Donald Trump discounted chances of a deal, but Beijing extended a potential olive branch.

Officials seek 'wiggle room' in NAFTA talks as US deadline lapses

Washington - Mexican and Canadian officials on Thursday appeared to brush off the passage of an informal deadline set by the US Congress to reach a deal on revamping a continent-wide trade pact.

UK mulls extending EU customs arrangements beyond transition: reports

London - The British government is considering staying aligned to the EU's customs union for years after a post-Brexit transition period if it cannot resolve the Irish border issue, newspaper reports said Thursday.

EU vows to block blow of US Iran sanctions

Sofia - The EU said Thursday it will begin moves to block the effect of US sanctions on Iran as efforts to preserve the nuclear deal with Tehran deepened a transatlantic rift.

Trump denies 'folding' over ZTE in China trade talks

Washington - President Donald Trump on Wednesday denied caving to China over US sanctions on the telecoms equipment maker ZTE.

China spots problems with US cars, pork as trade talks loom

Bejing - China said on Wednesday it had stepped up inspections of key US imports such as pork and automobiles, just as a high-level delegation visits Washington for key trade negotiations.
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Trade routes between Asia and Alaska
Trade routes between Asia and Alaska
Mail Online
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
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.
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
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
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
Cape Espenberg
Cape Espenberg
Google maps
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
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