Trade
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U.S. Trade Representative Greer accused Canada of causing the trade talks to break down, stating that they "wanted more."
U.S. Trade Representative Jamieson Greer said on CNBC on Monday that Canada was to blame for the breakdown of trade talks last week, saying Ottawa changed its demands at the last minute. Greer noted t
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Canada sees little chance of resuming trade talks with the United States before the U.S. midterm elections, following unsuccessful negotiations.
Canada sees little chance of resuming trade talks with the United States before the U.S. midterm elections, following unsuccessful negotiations.
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Extreme Temperatures Choke Europe's Key Trade Artery as Hot, Dry Summer Pushes Rhine River Levels Dangerously Low, Threatening Shipping and Commodities
Extreme Temperatures Choke Europe's Key Trade Artery as Hot, Dry Summer Pushes Rhine River Levels Dangerously Low, Threatening Shipping and Commodities
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South Korea's New Trade Minister Vows All-Out Efforts to Manage Trade Risks with Washington Amid Global Transition
Trade Minister Park Jung-sung stated that tariffs, subsidies, industrial policies, supply chain alliances, and export controls are emerging as key tools for shaping the global trade order.
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USTR Greer: No New Talks Planned With Canada
USTR Greer: No New Talks Planned With Canada
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India’s Foreign Minister S. Jaishankar to Visit Russia for 27th Inter-Governmental Commission Meeting Starting Aug. 23
The visit, scheduled for two days, will see Jaishankar co-chairing the meeting on trade, science, technology, and culture, and also meeting his Russian counterpart, Sergey Lavrov, to discuss regional
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Mexico Optimistic it Can Achieve Lower US Tariffs on Cars, Steel
Mexico’s top trade negotiator expressed optimism he can secure less burdensome tariff terms from the US on Mexican automobile and steel exports.
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Japan's exports in July accelerated for the fifth consecutive month, growing by 23.2%, exceeding market expectations, thanks to strong chip shipments.
Japan's exports in July rose 23.2%, exceeding economists' median forecast of 19.9% in a Reuters poll, marking the fastest growth since October 2022. Among these, the value of semiconductor equipment s
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The UAE announces the suspension of all trade, commercial, and financial transactions with Iran.
The UAE Ministry of Foreign Affairs announced in the early hours of August 19 that, in light of the continuous escalation of regional tensions, it has decided to suspend all trade, commercial, and fin
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Ukraine's Deputy Infrastructure Minister tells Reuters Odesa Port saw only 159 vessels for loading in July, down from nearly 400 last year, amid intensified Russian attacks.
Ukraine's Deputy Infrastructure Minister tells Reuters Odesa Port saw only 159 vessels for loading in July, down from nearly 400 last year, amid intensified Russian attacks.
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U.S. government appeals trade judge's order for universal tariff refunds, arguing it overstepped authority
Government lawyers filed an opening brief on Monday with the U.S. Court of Appeals for the Federal Circuit, challenging a Court of International Trade (CIT) judge's February order. The CIT judge had d
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Brazil's central bank is assessing cross-border links for its Pix instant payment system, aiming for international integration amidst intensifying U.S. trade scrutiny.
The central bank stated in a report on Monday that connecting Pix with similar foreign platforms could lower costs, accelerate transactions, broaden access, and improve transparency in cross-border pa
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Globe and Mail: Canada and U.S. Discussing Trade Concessions in Return for Partial Tariff Relief
Globe and Mail: Canada and U.S. Discussing Trade Concessions in Return for Partial Tariff Relief
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China's exports rose 23.9% year-on-year in July, while imports increased by 27.5%. The trade surplus reached $112.5 billion, with the value of semiconductor exports nearly doubling year-on-year.
Data released by the General Administration of Customs of China on August 7 showed that in July (denominated in US dollars), exports increased by 23.9% year-on-year, lower than the previous value of 2
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AI boom softens blow from China's July trade slowdown
AI boom softens blow from China's July trade slowdown
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Mexico to boost security in Michoacan to resume avocado exports after US suspended government activities due to violent incidents.
Mexico to boost security in Michoacan to resume avocado exports after US suspended government activities due to violent incidents.
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Russia Intensifies Black Sea Attacks on Ukraine's Ports, Crippling Shipping and Causing Casualties; July Saw 57 Strikes on Civilian Vessels
Russia has significantly escalated its attacks on Ukraine's Black Sea ports, particularly Odesa, aiming to sever the country's commercial links. The assaults have caused severe damage to port infrastr
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Customs officials from Iran and Oman have proposed establishing a joint committee to implement the customs agreement
Svmuu News: According to the Islamic Republic News Agency (IRNA), customs officials from Iran and Oman have proposed establishing a joint committee to implement the customs agreement. (Jin Shi)
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South Korea's preliminary memory chip exports for the first 20 days of June saw a significant year-over-year increase, with SSD exports up 405% year-over-year.
Svmuu News: Citrini analyst jukan posted on X that preliminary South Korean export data for June 1–20 showed that DRAM (including modules) rose 342% year-over-year and 3% month-over-month; NAND flash
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US, Venezuela Negotiate Second Aluminum Cargo Amid Trade Revival
Venezuela is in negotiations for a second shipment of aluminum to the US as part of a symbolic resumption of trade after years of economic and diplomatic disruptions.
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South Korea's exports hit a record $115.3 billion in October, up 93.7% year-on-year.
South Korea's exports reached a record $115.3 billion in October, up 93.7% year-on-year, primarily driven by a significant increase in semiconductor shipments. The Ministry of Trade, Industry and Ener
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US Aluminum Group Urges Canada and Mexico to Align on Tariffs Against Non-North American Imports
The US aluminum industry's main trade group is pushing for Canada and Mexico to match Washington’s tariffs on imports of the metal from outside North America. The group declined to take a position on
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U.S. agricultural companies face increased uncertainty due to surging diesel prices and uneven agricultural exports.
U.S. agricultural companies face increased uncertainty due to surging diesel prices and uneven agricultural exports.
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SCMP Commentary: US-China Summit Should Provide Businesses with Clearer Trade and Investment Conditions
SCMP Commentary: The US-China summit should provide clearer trade and investment conditions for businesses, not add to uncertainty. The article points out that despite multiple meetings between the le
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Canadian PM Carney pushes for deeper Canada-EU ties at Montreal summit, as 'associate member' term is reportedly off the table
Canadian Prime Minister Carney is advocating for closer ties with the European Union at the two-day summit in Montreal. Officials are discussing deeper economic and defense links, but the term "associ
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Russia-Africa Summit sees increased attendance, but analysts say political incentives outweigh limited economic benefits
The Russia-Africa Summit is underway in Moscow, with 22 African heads of state expected to attend, an increase from 17 in 2023. Analysts note that Russia offers limited economic incentives compared to
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President Trump signed a proclamation adjusting import policies for robots, industrial machinery, and their parts, citing national security concerns.
President Trump signed a proclamation adjusting import policies for robots, industrial machinery, and their parts, citing national security concerns. The proclamation, issued under Section 232 of the
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Putin stated at the third Russia-Africa Summit that Russia would not pursue "neo-colonialism."
Russian President Vladimir Putin told African leaders at the third Russia-Africa Summit in Moscow that Russia would not engage in "neo-colonial exploitation" of the African continent, unlike former co
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Iraqi PM Ali al-Zaidi meets Syrian President Ahmed al-Sharaa in historic visit, discussing trade, reviving Baniyas oil pipeline, and regional stability cooperation.
Iraqi PM Ali al-Zaidi meets Syrian President Ahmed al-Sharaa in historic visit, discussing trade, reviving Baniyas oil pipeline, and regional stability cooperation.
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India's surging diesel exports are expected to alleviate the global supply crunch next year as new refining capacity comes online, providing much-needed fuel to markets from the US to Europe.
India's surging diesel exports are expected to alleviate the global supply crunch next year as new refining capacity comes online, providing much-needed fuel to markets from the US to Europe.
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Iranian President and Qatari Emir discuss energy cooperation and trade issues.
Iranian President and Qatari Emir discuss energy cooperation and trade issues.
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China's total imports and exports with Germany reached 1.2 trillion yuan in the first three quarters of this year
According to customs statistics, China's total imports and exports with Germany reached 1.2 trillion yuan in the first three quarters of this year, a year-on-year increase of 6.2%. In September alone,
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The European Union will from Sunday slap a €2 (US$2.25) handling fee on packages from outside the 27-nation bloc, on top of its existing €3 fee, in a bid to curb the influx from China.
The European Union will from Sunday slap a €2 (US$2.25) handling fee on packages from outside the 27-nation bloc, on top of its existing €3 fee, in a bid to curb the influx from China.
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Chicago soybean futures fell to a two-month low after Brazilian President Lula's election victory
Chicago soybean futures fell to a two-month low after Brazilian President Lula's election victory, sparking expectations of closer ties between Brazil and China, which could erode the U.S. share in th
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al-Sayed cited geopolitical upheaval and growing economic fragmentation as threats to global investment prospects
Qatar's Minister of State for Foreign Trade Affairs Ahmad bin Mohammed al-Sayed has warned that trade and investment cannot flourish without peace and security. Speaking at the UN-led World Investment
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Trump administration reportedly plans to ease 50% tariffs on certain Canadian agricultural and forestry products.
The move is intended to provide relief to trade-dependent states, including Maine, potentially as early as Friday, ahead of the U.S. midterms. However, tariffs on other Canadian goods could rise to of
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Bloomberg reported that the cost of chartering oil tankers on the US-to-Asia route has surged to a record $60 million, severely impacting US crude oil exports to Asia, which are expected to fall to multi-year lows.
Bloomberg reported that the cost of chartering oil tankers on the US-to-Asia route has surged to a record $60 million, severely impacting US crude oil exports to Asia, which are expected to fall to mu
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AmCham China President Urges More Working-Level Dialogues for US-China Ties, Citing Need for Long-Term Stability
Michael Hart, president of the American Chamber of Commerce in China (AmCham China), has urged Beijing and Washington to push more negotiations down to working-level officials. Hart stated that busine
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Iraqi government says Sheeb border crossing with Iran was closed due to technical reasons, not political
Iraq’s Government spokesperson Haider al-Aboudi stated that the closure of the Sheeb border crossing was a result of a lack of technical, technological, and developmental readiness, according to the o
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King Charles III of the United Kingdom welcomed the Sultan of Oman on a state visit, praising Oman's peaceful efforts in reopening the Strait of Hormuz.
King Charles III of the United Kingdom welcomed Sultan Haitham bin Tariq of Oman for a state visit, praising Oman's "noble efforts" in helping to reopen the Strait of Hormuz. The Sultan of Oman, at a
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Iran's First Vice President: Iran-Tajikistan Trade Grows 50% Despite Regional Conflicts
Iran's First Vice President Mohammad-Reza Aref announced that trade between Iran and Tajikistan has increased by 50% despite regional conflicts. Following high-level talks with Tajik President Emomali
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China's Q3 GDP narrowly beats forecasts
China's economy gained modest momentum in the third quarter, with strong exports buoying growth and narrowly beating forecasts. However, Beijing continues to grapple with sluggish domestic demand, lin
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Niger's Ministry of Commerce and Industry announced that the country has suspended exports of diesel and premium gasoline to address fuel supply challenges.
Niger's Ministry of Commerce and Industry announced that the country has suspended exports of diesel and premium gasoline to address fuel supply challenges.
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Trade
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