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HONG KONG, China (AFP) — Asia struggled on Thursday to ride the wave of optimism that swept Wall Street to another record close, with investors taking a breather after a strong week across most markets. New York’s indexes powered ahead as news that Canada and the United States were close to a fresh trade deal that would revive NAFTA coincided with better-than-expected US growth and a possible breakthrough in Brexit talks. The pound and euro […]
by H eather SCOTT Agence France Presse WASHINGTON, United States (AFP) — Canada and the United States appeared to be moving closer to a new regional free trade pact, as US President Donald Trump and Canadian Prime Minister Justin Trudeau on Wednesday touted the progress being made. As the crucial phase of talks continued in Washington to try to bridge the differences on a rewrite of the North American Free Trade Agreement, the optimism […]
by Heather Scott Agence France-Presse WASHINGTON, United States (AFP) — As Washington and Ottawa resumed trade talks Tuesday, Canadian Prime Minister Justin Trudeau said he would only sign a new trade pact that was good for his country. Canadian Foreign Minister Chrystia Freeland was upbeat in Washington after meeting US Trade Representative Robert Lighthizer, saying that “detailed” discussions to salvage the North American Free Trade Agreement as a three-nation deal would begin the following […]
TUXTLA GUTIERREZ, Mexico (AFP) — Mexican President-elect Andres Manuel Lopez Obrador called Monday for a three-way trade deal with the United States and Canada, saying a two-way agreement reached with the US was just a first step. “It’s important that Canada also be included,” said the leftist president-elect after the US and Mexico announced a bilateral deal to update the 25-year-old North American Free Trade Agreement (NAFTA). “We’re very interested in it remaining a three-country […]
by Heather Scott Agence France-Presse WASHINGTON, United States (AFP) — Negotiations between the United States and Mexico to revise the nearly 25-year-old North American Free Trade agreement are making progress but will not be concluded this week, Mexico’s Economy Minister Ildefonso Guajardo said Thursday. But a Chinese delegation, in Washington for talks aimed at defusing the spiraling US trade war with Beijing, left without any breakthrough. NAFTA and China have been two key targets of US President […]
by Heather Scott Agence France Presse WASHINGTON, United States (AFP) — US and Chinese trade negotiators on Wednesday opened talks aimed at averting further confrontations, with a new round of tariffs about to hit, and the Federal Reserve warning that escalation poses a serious economic risk. These are the first formal discussions with China since June on the spiraling and multifaceted trade war between the world’s two largest economies. Meanwhile, US and Mexican officials […]
BEIJING, China (AFP) — China will send a top negotiator to the United States in late August to resume trade talks, the commerce ministry said Thursday, the first public meeting on the subject in weeks as the trade conflict intensifies. Vice Commerce Minister Wang Shouwen, the deputy representative on international trade negotiations, will meet with a senior US treasury official, David Malpass, at the invitation of the United States, the ministry said in a statement. […]
SEOUL, South Korea (AFP) — Three South Korean firms were caught importing coal and iron from the North last year, Seoul’s customs office said Friday, in an apparent violation of UN sanctions imposed in August 2017 on the nuclear-armed state. More than 35,000 tonnes of North Korean coal and iron were imported into the South via Russia between April and October last year, the Korea Customs Service said, warning that “any ships that are believed to […]
WASHINGTON, United States (AFP) — The first round of President Donald Trump’s punitive tariffs on China will hit the full $50 billion in goods starting August 23, the government announced Tuesday. Washington already imposed 25 percent tariffs on $34 billion in Chinese products on July 6. But it held off on a final $16 billion as a result of concerns raised by US companies. Although the move was expected, it cements the view that there appears to […]
by Martin Abbugao Agence France Presse Singapore (AFP) — Asian countries have voiced concern about the potentially devastating impact of a US-China trade war, with ministers calling for the acceleration of talks for a gigantic Beijing-backed free-trade deal that excludes the United States. Fear that a simmering trade spat between the world’s top two economies could spiral into a full-blown trade war — with painful consequences for China’s neighbours — was among topics dominating […]
WASHINGTON, United States (AFP) – The United States may jack up the tariff rate on the next $200 billion in Chinese imports it plans to target as it pressures Beijing to reform its trade practices, US officials said Wednesday. President Donald Trump asked the US Trade Representative to consider increasing the proposed tariffs to 25 percent from the planned 10 percent, USTR Robert Lighthizer said. “We have been very clear about the specific changes China […]
by Barnaby Chesterman Agence France Presse BUENOS AIRES, Argentina (AFP) — Group of 20 members pleaded on Sunday for increased dialogue to defuse escalating trade tensions that could hit global economic growth hard. Finance ministers and central bankers from 20 leading economies closed a two-day meeting in Buenos Aires warning that “heightened trade and geopolitical tensions” threaten the economic expansion. It comes at a time when US President Donald Trump’s protectionist policies have provoked […]
