China’s Foreign Ministry criticized the Trump administration’s trade investigation as a “pretext” for tariffs. Meanwhile, China is moving ahead with a five-year plan that may rankle trade partners.
trade
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Trump to raise global tariffs to 15%
President Trump previously said he would implement 10% global tariffs after the U.S. Supreme Court struck down his tariff policies.
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Pakistan-Afghanistan border closures paralyze trade along a key route
Trucks have been stuck at the closed border since October. Both countries are facing economic losses with no end in sight. The Taliban also banned all Pakistani pharmaceutical imports to Afghanistan.
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India and the EU clinch the ‘mother of all deals’ in a historic trade agreement
India and the European Union have reached a free trade agreement, at a time when Washington targets them both with steep import tariffs, pushing major economies to seek alternate partnerships.
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Canada agrees to cut tariff on Chinese EVs in return for lower tariffs on Canadian farm products
Breaking with the United States, Canada has agreed to cut its 100% tariff on Chinese electric cars in return for lower tariffs on Canadian farm products, Prime Minister Mark Carney said Friday.
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Trump administration announcing $12 billion in one-time payments to farmers
Trump administration announcing $12 billion in one-time payments to farmers
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Trump and China’s leader Xi Jinping hold a call and discuss trade, Taiwan and Ukraine
Monday’s call was the latest in a flurry of diplomatic and trade parries between the U.S. and China over tariffs and technology export restrictions.
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Americans are crazy for shrimp. Much of it came from India — until now
India’s shrimp exports to the U.S. were once a success story. Now the industry faces ruin amid President Trump’s 50% tariff on imports from the country.
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The U.S. is a major importer of Indian products made from Russian oil
The United States imports oil products from India’s Reliance Industries refinery, which sources nearly half its oil from Russia.
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South Korean President Lee to meet with Trump in Washington on Monday
At a summit meeting in Washington, D.C. on Monday, the U.S. and South Korean presidents will discuss modernizing their 71-year-old alliance and fleshing out a trade deal reached last month.
