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+14 +2
Africa Takes First Step Toward $2 Trillion Free-Trade Bloc
African nations moved closer toward creating a free-trade zone with a combined size of $2 trillion as heads of state gathered in Johannesburg this week. Negotiations on removing the barriers to trade and the movement of people between the continent’s 54 countries will begin on June 15 at the African Union summit and conclude by the end of 2017, Fatima Haram Acyl, the AU’s trade commissioner, said in an interview on Thursday.
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+22 +1
The Lost Empire that Ruled the Silk Road
Today, the city of Samarkand in Uzbekistan is relatively remote, known mostly for its magnificent medieval ruins. But over a millennium ago, it was one of the richest cities on the infamous trade route known as the Silk Road. Back in the 600s CE, that route was called simply "the road to Samarkand."
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+22 +1
Mystery Meat: After WTO Ruling, U.S. Tosses Meat Origin Labeling Law, Leaving Consumers in the Dark
As TransCanada files a NAFTA claim for $15 billion against the U.S. government over the rejection of the Keystone XL pipeline, we turn to another case in which massive trade agreements have infringed on the U.S. government’s ability to pass legislation...Amy Goodman speaks with Lori Wallach.
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+14 +1
Is Cadbury's move the end for Fairtrade? - BBC News
With Cadbury set to drop its Fairtrade certification, has the ethical-trade mark had its day?
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+11 +1
Mexican Avocados Turned Away at US Border
The decision came despite the fact that the Jalisco avocados met the requirements set out last May, receiving the relevant certification from U.S. authorities. Five trucks carrying a shipment of 100 tons of avocados from the state of Jalisco, Mexico were halted last Wednesday at the Mexican-U.S. border, by order of U.S. Customs and Border Protection.
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+17 +1
Canada to Mexico on NAFTA: you might be on your own
Canada will focus on preserving its U.S. trade ties during talks to renegotiate NAFTA and may not be able to help Mexico avoid being targeted by the Trump administration, Canadian government sources say. "We love our Mexican friends. But our national interests come first and the friendship comes second," a source said on the sidelines of a cabinet retreat in Calgary, Alberta. "The two are not mutually exclusive," the source added.
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+21 +1
China downplays tensions with U.S. as Xi prepares to meet Trump
Let's see.
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+25 +1
The US just picked a nasty trade fight with Canada — and it’s likely to backfire
The US just slapped an astronomical 220 percent tariff on a new line of Bombardier jets after Boeing accused the Canadian company of receiving unfair government subsidies. It’s an incredibly harsh penalty that has angered two of America’s closest allies, Canada and the United Kingdom (where Bombardier manufactures this line of jets’ wings and provides thousands of jobs). Those countries have threatened to retaliate against the US by dropping contracts with Boeing for defense aircraft, potentially costing thousands of US jobs.
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+1 +1
The Rise of China and the Fall of the ‘Free Trade’ Myth
‘America first does not mean America alone,” President Trump declared last month at the World Economic Forum in Davos, Switzerland. This sudden burst of pragmatism from an avowed nationalist showed what a difference a year can make. Denouncing the “false song of globalism” during his presidential campaign, Trump, on his third full day in office, canceled the Trans-Pacific Partnership, a regional trade deal with Japan and 10 other countries.
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+18 +1
China Warns It May Retaliate If U.S. Imposes Metal Tariffs
China said proposed U.S. tariffs on imported steel and aluminum products are groundless and that it reserves the right to retaliate if they are imposed. The U.S. recommendations, unveiled by the Commerce Department on Friday, aren’t consistent with the facts, Wang Hejun, chief of the trade remedy and investigation bureau at China’s Ministry of Commerce, said in a statement posted on its website.
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+15 +1
U.S. trade deficit hits more than nine-year high as exports falter
The U.S. trade deficit increased to a more than nine-year high in January, with the shortfall with China widening sharply, suggesting that President Donald Trump’s “America First” trade policies are unlikely to have a material impact on the deficit. The trade deficit continues to widen a year into the Trump presidency. Trump, who claims that the United States is being taken advantage of by its trading partners, has imposed tariffs on imports of some goods to shield domestic industries. The protectionist measures have sparked fears of a trade war.
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+14 +1
Trump’s plan for China tariffs ‘could devastate US economy’
American Chamber of Commerce warns that US President’s plan could prompt destructive trade war that would have serious impact on businesses and families
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+8 +1
Trump is on path to full-scale trade war: first China, then Europe
Much to the delight of Hollywood, Donald Trump wants to open a new front in his trade offensive by punishing China for theft of America’s intellectual property rights. The US entertainment industry is not awfully keen on Trump, having strongly backed Hillary Clinton in the 2016 election, but is even less keen on its movies and TV shows being ripped off by the world’s most populous country.
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+3 +1
China poised to open markets 'beyond expectations' as tough US tariffs loom, envoy says
A Chinese envoy to the US offered easier access to China's markets for foreign investors, promising reforms "beyond expectations", as Washington moves to institute punishing trade and other sanctions against Beijing for rules that restrict foreign participants.
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+2 +1
Read China's furious response to America's US$60b tariffs in full
‘If a trade war were initiated by the US, China would fight to the end to defend its own legitimate interests with all necessary measures’
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+11 +1
China plans tariffs on $3 billion of U.S. imports, including California specialties
China announced plans for reciprocal tariffs on $3 billion of imports from the United States — including fruit and wine, which are California specialties — after President Trump’s move to order levies on Chinese goods sent markets plunging. China's planned tariffs also target pork and steel pipes.
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+13 +1
U.S. steel tariffs meet barrage of criticism at WTO
U.S. President Donald Trump’s steel and aluminum tariffs met a barrage of criticism at a World Trade Organization meeting on Friday, as the European Union, Japan, Australia and others joined a debate started by China and Russia.
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+15 +1
Petro-yuan helps Russia & China dump US dollar in oil trade
China is the world's biggest crude consumer and buys most of its oil from Russia. However, most settlements are still in US dollars. The launch of the petro-yuan now allows Moscow and Beijing to use national currencies instead.
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+17 +1
Forty-four countries sign historic African Union free trade agreement
Forty-four African countries have signed up to a historic trade agreement aimed at paving the way for a liberalized market for goods and services across the continent. The African Continental Free Trade Area (AfCFTA), an agreement cast in the mold of the European Union’s version was signed during the 10th Ordinary Session of African Union Heads of State summit held in the Rwandan capital, Kigali.
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+17 +1
China imposes tariffs on over 125 US imports as fears of trade war grow
China is imposing tariffs on more than 125 US imports including fruit and pork, heightening fears of a trade war between the two countries. Tariffs of up to 25 per cent go into effect on Monday as President Xi Jinping's government followed through on a threat to impose the measures.
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