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Trade News

Mexico ready to quit NAFTA if US talks fail

Mexico - Mexico drew red lines on Tuesday ahead of negotiations with US President Donald Trump's administration, warning it could quit the talks and a major trade pact if the discussions hit a wall.

White House warns China on trade, South China Sea

Washington - The White House warned China it will "defend" US and international "interests" in the South China Sea and that trade must be a "two-way street.

Mexico seeks US dialogue, trade alternatives

Mexico - Mexico on Monday vowed "no confrontation and no submission" in renegotiating relations with the United States under its President Donald Trump but admitted it planned to seek alternative trade partners.

The business world falls under Trump's thumb

Washington - With his carrot-and-stick manhandling of the US business community, President-elect Donald Trump has major companies falling over themselves to offer goodwill gestures and promises to create US jobs.

British FM warns over Brexit 'punishment beatings'

New Delhi - Britain's foreign minister warned Wednesday against World War II-style "punishment beatings" after France indicated it would not accept improved conditions for the UK outside the single market.

Moldova president hopes to cancel EU association agreement

Moscow - Moldova's president said Tuesday he hoped the ex-Soviet nation's association agreement with the European Union would be cancelled if his party obtains a parliamentary majority, paving the way for an alliance with Moscow.

Robot arms replace factory hands

Paris - Donald Trump has been crowing as companies including Ford renounce plans to move factories to Mexico. But the main beneficiaries of this shift back to the US aren't saying much by way of celebration -- industrial robots don't tend to speak.

Germany's Merkel warns Trump against protectionism

Berlin - German Chancellor Angela Merkel warned Saturday against protectionist tendencies of US President-elect Donald Trump, citing lessons learned in the 2008 global financial crash and stressing the need to "move forward together".

Japan's Abe pushes Pacific trade deal in Australia

Sydney - Japan and Australia will work together to ensure the Trans-Pacific Partnership free trade deal comes into force, Prime Minister Shinzo Abe said on Saturday, making no mention of strong US opposition.

Governments grapple with globalisation backlash

Paris - Governments stung by the political backlash from disgruntled voters left worse off by three decades of globalisation are now scrambling for solutions, but there is no easy fix and the populist remedies on offer risk making things even worse, analysts s...

The EU-Canada trade pact: some key questions

Paris - Every trade agreement produces winners and losers and the free-trade deal between the EU and Canada, still pending ratification, is no exception.The deal is just one example of controversy ignited by trade talks.

Mexico, US clash over wall as tough trade talks loom

Mexico - While Donald Trump is still days away from becoming US president, Mexico is already gearing for tough negotiations, refusing to pay for a border wall while rejecting protectionist threats.

Mongolia seeks to crush fossil black market

- For years, herder Gelegrash had a sideline bringing tourists to see a dinosaur skull hidden near the Flaming Cliffs in Mongolia's Gobi desert. Then, one day, it was gone.

Cuba signs first exports to US in half a century

Havana - Two firms signed a deal Thursday for the first commercial exports in half a century from Cuba to the United States, a new step in the countries' historic rapprochement.

Scratching a living in Myanmar's storied 'land of rubies'

- Every week Aye Min Htun prays he will find the ruby that changes his life, one of thousands of people scratching a living in Myanmar's mines set to gain little from the end of US sanctions on the military-dominated industry.

Trump names protectionist as US trade rep

Washington - President-elect Donald Trump announced Tuesday he has nominated Reagan-era lawyer Robert Lighthizer, described as an advocate of greater protectionism, as US trade representative.

China in biggest-ever pangolin scale seizure: reports

Chinese customs seized over three tonnes of pangolin scales, state media said, in the country's biggest-ever smuggling case involving the animal parts.Shanghai Customs found around 3.

China has 'real cause for concern' over Navarro: media

Bejing - China had "real cause for concern" after US President-elect Donald Trump chose outspoken China critic Peter Navarro for a top trade position, Chinese media reports said Friday, as they warned of a potential trade war.

China has 'real cause for concern' over Navarro: media

Bejing - China had "real cause for concern" after US President-elect Donald Trump chose outspoken China critic Peter Navarro for a top trade position, Chinese media reports said Friday, as they warned of a potential trade war.

China has 'real cause for concern' over Navarro: media

Bejing - China had "real cause for concern" after US President-elect Donald Trump chose outspoken China critic Peter Navarro for a top trade position, Chinese media reports said Friday, as they warned of a potential trade war.

Cuba offers rum to pay debt to Czech Republic

Prague - Cash-strapped Cuba has offered to pay its old debt to the Czech Republic with goods it can spare, including its coveted rum, the Czech finance ministry said Friday."The Cuban party as a possible solution presented a list of commodities...

Venezuela gate-crashes meeting with regional powers

Buenos Aires - Venezuela's top diplomat turned up uninvited to a meeting of the South America's Mercosur on Wednesday, despite Caracas' suspension from the trade bloc for failing to meet democratic and trade standards.

Venezuela fury at Mercosur suspension

Caracas - Venezuela angrily rejected as a "coup" its suspension from South American economic bloc Mercosur on Friday, the harshest international punishment yet for President Nicolas Maduro's crisis-racked government.

Key bloc Mercosur suspends Venezuela: source

Rio De Janeiro - The key South American economic bloc Mercosur has suspended crisis-hit Venezuela for failing to meet democratic and trade standards, a government source in member country Brazil said.

WTO chief says no 'indication' US will quit body under Trump

Geneva - The head of the World Trade Organization said Thursday he had had no indication the United States would move to leave the WTO under Donald Trump's administration.

What now for the TPP?

Toukyo - After Donald Trump vowed to abandon the Trans-Pacific Partnership, here are some key questions about a huge trade pact that supporters said would write the rules for 21st century commerce -- but which might now be doomed.- What is the TPP?

Asia-Pacific leaders vow to fight protectionism

- Asia-Pacific leaders vowed Sunday to fight protectionism at the close of a summit upended by US President-elect Donald Trump's shock victory and virulent attacks on free-trade deals.

Merkel says EU-US trade deal won't be concluded

Berlin - German Chancellor Angela Merkel admitted Thursday that a trade deal between the European Union and United States would not be concluded now, after the election of Donald Trump, who opposes the planned accord.

Canada, Mexico ready to talk about NAFTA with US

Ottawa - Canada and Mexico agreed Thursday to US President-elect Donald Trump's demand to have a fresh look at their tripartite 22-year-old free trade pact, fearing they could be shut out of the US market.

Canada PM says ready to renegotiate NAFTA with Trump

Ottawa - Canadian Prime Minister Justin Trudeau said Thursday he is willing to renegotiate the North American Free Trade Agreement (NAFTA), which US President-elect Donald Trump has said he wants to change or scrap.
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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
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A man hawks coffee beans on a wooden bike in a stadium in Kampala, Uganda on September 20, 2010.

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