Global stocks turn higher as China says tariff war may ease

Business 11/07/19, 04:38

Global stocks are mostly higher after a Chinese Commerce Ministry official said Beijing and Washington had agreed to gradually ease tariffs on each other's exports as they reach agreement in trade negotiations. China and the U.S. are working on a "Phase 1" trade agreement as they seek to ease the tariff ...

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 ...

Update: Trump tamps down expectations of US-Japan deal

Politics 05/25/19, 19:27

The Latest on President Donald Trump's trip to Japan (all times local): 8:15 a.m. President Donald Trump is tamping down expectations that he'll make significant headway on trade talks during his trip to Japan. Fox News White House Correspondent John Roberts tweets that Trump called him Sunday morning in Tokyo and told him ...

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 ...

Mnuchin sees progress on steel tariffs with Mexico, Canada

Business 05/15/19, 12:49

Treasury Secretary Steven Mnuchin says the U.S. is making progress in talks with Canada and Mexico over steel tariffs, potentially overcoming a key hurdle toward approval of a trade agreement between the three countries. Appearing before a Senate Appropriations subcommittee Wednesday, Mnuchin also said he expects to soon travel to Beijing ...

Burned before, US pushes for way to enforce China trade deal

Business 05/09/19, 16:03

In trying to hammer out a trade agreement with China, the Trump administration may be drawing inspiration from classic rock, specifically The Who's anthem "Won't Get Fooled Again." Fed up with China for breaking past promises, the administration is insisting on provisions designed to force the Chinese to live up to ...

Pence to visit Michigan to tout trade deal, raise money

Politics 04/23/19, 16:41

Vice President Mike Pence is visiting Michigan to tout the new North American trade agreement and to raise money for President Donald's Trump re-election campaign. Pence will have three events in the Detroit area Wednesday. He will first participate in a fundraiser in Detroit for Trump Victory, a joint account with the ...

At US-Mexico CEO summit, leaders optimistic amid uncertainty

Business 04/12/19, 16:59

Business and political leaders from the U.S. and Mexico gathered Friday to promote greater trade at a time when actions by both governments have rattled investors, expressing optimism despite times of uncertainty and tensions over the border and illegal immigration. Investment in Mexico has been cool pending passage of the new ...

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 ...

US business groups encouraged by prospect of US-China deal

Business 03/15/19, 16:44

U.S. business groups say they are encouraged by China's approval of a new law that loosens restrictions on foreign investment and say it could help smooth the way to a substantive trade agreement between the two countries.China's ceremonial legislature passed a measure Thursday seeking to prevent Chinese officials from forcing ...

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 ...

US official: Much work remains to reach US-China trade deal

Business 02/27/19, 11:36

A U.S.-China trade agreement is far from completion and will require much more work, particularly on enforcement, the U.S. official negotiating the pact told a House panel Wednesday. "Much still needs to be done before an agreement can be reached," U.S. Trade Representative Robert Lighthizer said. "If we can complete this ...

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 ...

Economists: Hard Brexit would hit German auto industry hard

Europe 02/11/19, 11:55

A no-deal Brexit could affect more than 100,000 jobs in Germany, and regions of the country with Volkswagen and BMW factories would be among those worst hit, according to economists at a prominent nonprofit institute.The economists from the Halle Institute for Economic Research said Monday they modeled what would happen ...

Update: UK, Switzerland sign post-Brexit trade deal

Europe 02/11/19, 06:25

The Latest on Britain's plans to leave the European Union (all times local):11:20 a.m.Switzerland and Britain have finalized a deal to maintain their trade and economic ties as they are — whether or not Britain reaches a deal with the European Union over its exit from the 28-nation bloc.The government ...

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 ...

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 promises prompt action on US trade pact

Business 12/06/18, 05:06

China's government said Thursday it will promptly carry out a tariff cease-fire with Washington and is confident they can reach a trade agreement, suggesting Beijing wants to avoid disruptions due to the arrest of a tech executive.Talks during the 90 day period during which President Donald Trump has agreed to ...

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 ...

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