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Trade News

US, China in APEC cruise ship clash on trade, influence

Port Moresby - China and the US crossed swords Saturday ahead of an APEC summit, duelling over protectionism, trade tariffs and "chequebook diplomacy" as they laid out sharply contrasting visions for the Pacific Rim region.

Trump opens door to trade deal with China soon

Washington - President Donald Trump said Friday that China was ready to make a deal to defuse trade tensions, so he might not have to punish the country with more import tariffs.

Australia, Japan to deepen defence ties after historic Darwin visit

Darwin - Australia hailed a "deeply symbolic" visit to Darwin by the Japanese Prime Minister on Friday, more than 75 years after the northern city was bombed in World War II, as the two countries vowed to deepen defence ties in the face of an emergent China.

Japan PM visits Australia's Darwin, 75 years after WWII bombing

Darwin - Japanese Prime Minister Shinzo Abe made a historic visit to Darwin on Friday, some 75 years after Japan bombed the northern Australian city, as the two countries cement ties in the face of an emergent China.

APEC summit host urges respect for trade rules

Port Moresby - The leader of Papua New Guinea, host of this year's APEC summit, Friday urged respect for international trade rules by "countries large and small" as spats between the US and China threatened to overshadow the gathering.

EU will retaliate if Trump imposes auto tariffs: trade official

Washington - The European Union is prepared to retaliate if US President Donald Trump imposes new tariffs on auto imports, EU Trade Commissioner Cecilia Malmstrom warned on Wednesday.

'Substantial progress' made on massive China trade deal that excludes US

Fpo - Substantial progress has been made on hammering out a China-backed trade deal, Singapore's leader said Wednesday, driving ahead the world's largest commercial pact which the United States is excluded from.

Fact-check: Does France put steep tariffs on US wine?

Washington - President Donald Trump accused France on Tuesday of unfairly hindering US wine exports by imposing higher tariffs on the American product than those the United States places on imports of French wine.

EU Trade Commissioner seeks to further talks with US

Washington - EU Trade Commissioner Cecilia Malmstrom arrived in Washington on Tuesday to further talks with the United States on a new trade deal, but she stressed that it would be limited.

Pence says US wants 'model' trade deal with Japan

Apo - Japan and the United States will negotiate a bilateral trade agreement that will serve as a "model" for other countries, US Vice President Mike Pence said Tuesday in Tokyo.

Timeline for massive China-backed trade deal slips

Fpo - The completion of the world's largest trade deal -- backed by Beijing and excluding the United States -- has been pushed back to next year, Chinese Premier Li Keqiang said Tuesday, after Asia-Pacific trade ministers failed to agree key terms at a Singa...

Call for open markets as world leaders gather in Singapore

Fpo - Singapore's prime minister made an impassioned plea Monday for open markets and warned "political pressures" were driving countries apart, in a swipe at rising protectionism at the start of a gathering of world leaders.

At Syria border, Jordanians dash over for cheap shopping

- Near the recently reopened border with Jordan, former Syrian rebel fighter Bahaa al-Masri sells date-filled pastries and sesame biscuits to Jordanians flocking across the frontier to snap up bargains.

Norway freezes defence export licences to Saudi

Oslo - Norway said Friday it was freezing all defence material export licences to Saudi Arabia over recent developments in the country and the war in Yemen.

UK PM faces fury of Northern Irish allies over Brexit

London - British Prime Minister Theresa May drew the fury of her crucial Northern Irish allies on Friday after seemingly accepting an EU-backed Brexit solution they fervently oppose.

Mauritania, US in spat over 'slavery' charge

Nouakchott - Mauritania reacted furiously Monday after the United States pulled its status as a preferential trade partner, accusing the West African state of tolerating forced labour and hereditary slavery.

With eye on aid, Pakistan PM meets Chinese counterpart

Bejing - China agreed to "firmly move forward" infrastructure projects in Pakistan, following a meeting between Pakistani Prime Minister Imran Khan and his Chinese counterpart Li Keqiang Saturday, as the South Asian nation seeks to stave off a financial crisis ...

With eye on aid, Pakistan PM meets Chinese counterpart

Bejing - Pakistani Prime Minister Imran Khan met with his Chinese counterpart Li Keqiang in Beijing Saturday, as he seeks aid and investment from the world's second largest economy in hopes of staving off a financial crisis.

China urged to move 'beyond reform rhetoric' at trade expo

Shanghai - European ambassadors and foreign business lobbies are calling on China to introduce "bold" and concrete market reforms at a Shanghai trade fair next week that the government touts as proof of its commitment to opening up.

Trump reports 'very good' phone call on trade with China's Xi

Washington - US President Donald Trump on Thursday said he'd just had "very good" talks with his Chinese counterpart Xi Jinping on the growing trade conflict between the two economic giants.

China battles 'unfair' trader image with import expo

Shanghai - President Xi Jinping opens a huge Shanghai import fair next week at which armies of Chinese companies will shop for billions of dollars in foreign goods as China seeks to counter charges that its markets aren't open.But not everyone is buying it.

Agri-business lifts Argentine economy, amid tax ire

San Antonio De Areco - Federico Zerboni gazes out from his 4x4 as it rumbles across the pampas, fertile fields of rapeseed and soybean visible as far as the eye can see.

Cypriot farmers fear no-deal Brexit may hit livelihoods

Avdimou - Olive farmer Andreas Fotiou steered carefully along a dusty lane in southwest Cyprus, en route from his village to nearby groves -- locations that could have clashing trade regimes, post-Brexit.

Trade ministers meet to discuss WTO overhaul

Ottawa - Thirteen trade ministers representing all regions of the world met in Ottawa on Thursday to come up with proposed reforms to the troubled global trading system.

Arms sales vs taking a stand: the West's Saudi dilemma

Paris - Across the West, governments face a difficult balancing act after the murder of journalist Jamal Khashoggi: pressuring Saudi Arabia over an appalling killing, while preserving their own economic and military interests.

Japan's Abe meets Chinese premier as relations thaw

Bejing - Japan's Shinzo Abe and his Chinese counterpart Li Keqiang commemorated the 40th anniversary of a friendship treaty on Thursday, at the start of a rare trip to Beijing by the Japanese prime minister, who is seeking to repair frayed relations.

Japan's Abe to make rare China visit as relations thaw

Bejing - Japan's Shinzo Abe is due to arrive in China Thursday, the first visit to the Asian giant by a Japanese prime minister since relations between the two countries soured six years ago over a territorial row.

France urges businesses to prepare for no-deal Brexit

Paris - France warned its business leaders Tuesday to prepare for all potential Brexit scenarios including Britain crashing out of the EU with no deal, as Paris scrambles to plan for a new era of trade with its neighbour.

Japan PM heads to China looking for economic common ground

Apo - Japan's Prime Minister Shinzo Abe makes a rare trip to China this week hoping improved relations will lead to new economic partnerships, as the two countries come under US pressure on trade.

UK bids adios to Spanish nurses 'betrayed' by Brexit

Oxford - Keeping a watchful eye over one patient for a 12-hour shift at the hospital where he learned his trade, Manuel Gala says Brexit has forced many Spanish health workers to consider their future in Britain.
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