Mexico’s Senate approves Trump trade deal: ‘Our economy is open’

Business 06/19/19, 17:40

Mexico's Senate voted overwhelmingly Wednesday to ratify a new free trade agreement with the United States and Canada, making it the first of the three countries to gain legislative approval. Mexico's upper chamber voted 114 to four with three abstentions in favor of the U.S.-Mexico-Canada Agreement, or USMCA. It will replace ...

China media accuses US of plot to ‘colonize global business’

Business 05/24/19, 01:57

China's state media has unleashed fresh attacks on the U.S. as the tariff war between world's two largest economies continues. The China Daily newspaper on Friday accused Washington of seeking to "colonize global business" by targeting Chinese firms. The Global Times accused the U.S. of "hegemonic hubris" and launching a "global assault" ...

Update: US to lift steel tariffs on Canada, Mexico

Politics 05/17/19, 12:44

The Latest on President Donald Trump and U.S. trade tariffs (all times local): 1:40 p.m. The United States has reached a deal to remove steel and aluminum tariffs on Canada and Mexico, while those nations would scrap retaliatory tariffs they imposed on U.S. products. That's according to sources in the U.S. and Canada ...

Trump has long seen previous US trade agreements as losers

Politics 05/11/19, 08:48

President Donald Trump's combative approach to trade has been one of the main constants among his political views. And he's showing no signs of backing off now, even as the stakes intensify with the threat of a full-blown trade war between the world's two biggest economies . The president went after ...

Mexican ambassador highlights US ties in Phoenix stop

Politics 03/19/19, 19:57

Mexico's new ambassador to the U.S. emphasized close ties between the two countries during a stop in Phoenix Tuesday as she and Gov. Doug Ducey urged American lawmakers to approve the proposed United States-Mexico-Canada trade agreement. "The U.S. of today cannot be explained without the Mexican presence," Ambassador Martha Barcena said ...

Indonesia and Australia sign pact eliminating many tariffs

World 03/03/19, 23:06

Indonesia and Australia signed a free trade agreement Monday that will eliminate many tariffs, allow Australian-owned hospitals to be set up in the giant Southeast Asian country and increase work visas for young Indonesians.Trade ministers from the two countries signed the agreement, negotiations for which first began in 2010, at ...

A political ‘bomb’ over drug prices could threaten NAFTA 2.0

Business 02/12/19, 12:16

The clash over free trade in North America has long been fought over familiar issues: Low-paid Mexican workers. U.S. factories that move jobs south of the border. Canada's high taxes on imported milk and cheese. But as Democrats in Congress consider whether to back a revamped regional trade pact being pushed ...

Japan, Germany want to curb Brexit’s global economic impact

Europe 02/04/19, 08:52

The leaders of Germany and Japan said Monday they will try to minimize the global economic impact from Britain's upcoming departure from the European Union and pledged to defend free trade in the face of rising protectionism.Japanese Prime Minister Shinzo Abe and visiting German Chancellor Angela Merkel urged Britain to ...

UK farmers worry where exports will go without EU deal

World 01/30/19, 11:30

Wyn Evans's family has owned this 200-acre plot in western Wales for generations, a bucolic expanse where 370 sheep and 80 cows feast on the verdant grasses of undulating hillsides.Evans, 55, wants his son to take over the farm that's been in the family for 500 years. But he's concerned ...

EU-Canada trade deal gets green light from legal adviser

Europe 01/29/19, 05:09

A key adviser to the European Union's highest court said Tuesday that a controversial element on dispute settlement in the free trade agreement with Canada complies with EU law.Advocate General Yves Bot said in a legal opinion that the 2016 agreement does not impede the autonomy of EU law or ...

Update: WTO head warns of ‘Dark Ages’ without free trade

Europe 01/24/19, 05:18

The Latest on the World Economic Forum in Davos, Switzerland (all times local): 11:15 a.m. The head of the World Trade Organization warned that the global economy would plunge into the "Dark Ages" without free trade. Speaking at the World Economic Forum meeting in Davos, Switzerland, WTO Director General Roberto Azevedo said: If ...

Leaders including Merkel and Abe take to main Davos stage

Europe 01/23/19, 05:18

Several high-profile leaders, including Japanese Prime Minister Shinzo Abe and German Chancellor Angela Merkel, will address the World Economic Forum on Wednesday amid a wider debate of the merits of populist nationalism versus global cooperation. Abe and Merkel, who lead the third and fourth largest economies in the world, represent internationally-minded ...

Pacific Rim trade bloc meets in Tokyo, prepping for growth

Business 01/19/19, 00:23

Trade ministers of a Pacific Rim trade bloc were meeting in Tokyo on Saturday, gearing up to roll out and expand the market-opening initiative. The Pacific Rim free trade agreement, rejected by President Donald Trump after he took office in 2017, took effect at the end of last year after Australia ...

China, German promise closer financial cooperation

World 01/18/19, 01:35

China and Germany have promised to open their markets wider to each other's banks and insurers, giving Beijing a diplomatic victory amid trade tension with Washington and other governments. The two sides on Friday affirmed support for the global trading system that other governments worry is threatened by President Donald Trump's ...

Top US trade official voices concern over Peru logging

America 01/03/19, 22:09

The top U.S. trade official contends Peru's government is not living up to its commitment to combat illegal logging in a case that could have broader implications as Washington debates ratifying a new North American free trade deal. In a letter sent Dec. 21 to a congressman, U.S. Trade Representative Robert ...

As G-20 summit opens, contentious issues loom on sidelines

World 11/30/18, 00:02

Heads of state from the world's leading economies were invited to the Group of 20 summit to discuss issues like development, infrastructure and investment. As the gathering officially kicks off Friday, those themes seem like afterthoughts, overshadowed by contentious matters from the U.S.-China trade dispute to the conflict over Ukraine. Also ...

Latin America in flux as G20 leaders descend on the region

America 11/26/18, 00:29

Argentina had hoped to show off its newly market-friendly economy to the world when the G-20 group of the world's top economies begins its first South American summit this week. Instead it's looking for help to avoid an all-out crisis. The two-day meeting that starts Friday is meant to focus on ...

Update: Southeast Asian-centered trade pact delayed

Asia & Pacific 11/14/18, 04:39

The Latest on the annual summit of the Association of Southeast Asian Nations, meeting this week in Singapore (all times local):5:35 p.m.Singapore's Prime Minister Lee Hsien Loong says a final agreement on a Southeast Asian-centered free trade agreement will be pushed back until 2019.Lee's comments Wednesday confirmed earlier expectations that ...

Expensive APEC summit sows division in host Papua New Guinea

Asia & Pacific 11/13/18, 22:53

After three decades of promoting free trade as a panacea to poverty, the APEC grouping of nations that includes the U.S. and China is holding its lavish annual leaders meeting in the country that can least afford it. Barely penetrated by roads and scarred by violence, Papua New Guinea hopes the ...

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