The world’s two largest economies will sign a compromise Wednesday that calms their trade war – here’s the back story U.S. talks with China to complete a first-stage trade deal had hit an impasse around … [Read more...]
Daily International Trade News
The following stories are selected and excerpted on a regular basis from media around the world on international trade issues that affect the United States. To read the full original article, follow the Source link in each story to the original media.
Trump’s trade deal with China won’t give many U.S. companies relief, as most tariffs will remain
From the Rust Belt to the Pacific Northwest and from the Gulf Coast to Niagara Falls, the outlook could not have been brighter for U.S. chemical companies. Then President Trump nearly two years ago launched … [Read more...]
US drops China’s designation as currency manipulator
The US Treasury Department has removed China from its list of currency manipulators ahead of a new US-China trade deal. Chinese regulators have been accused of devaluing the yuan to make exports more … [Read more...]
U.S. targets Maduro-backed legislator and allies in fresh Venezuelan sanctions
WASHINGTON (Reuters) - The United States on Monday imposed sanctions on seven Venezuelan politicians it said led a bid by President Nicolas Maduro to wrest control of the country’s congress from U.S.-backed … [Read more...]
China urges US to ‘immediately halt’ sanctions on Chinese firms with Iran ties
Foreign ministry calls it a ‘wrongful action’ and says trade with Iran is legitimate and ‘should be respected’ US Treasury Secretary Steve Mnuchin on Sunday said China was ‘subject to sanctions just like … [Read more...]
U.S. imposes new sanctions on Iran airline over proliferation
WASHINGTON (Reuters) - The United States on Wednesday imposed new sanctions on Iran’s biggest airline and its shipping network, accusing them of transporting lethal aid and weapons of mass destruction … [Read more...]
‘Eleventh hour’ US-China trade deal could happen before tariffs kick in Sunday, analysts say
There will be an “eleventh hour” announcement about a deal on Saturday night, says Kenny Polcari, senior market strategist at Slatestone Wealth. More tariffs — 15% on about $160 billion in Chinese exports to … [Read more...]
US, Mexico, Canada sign USMCA trade deal
Canada, Mexico and the United States have reached an agreement on a revised North American free trade pact. The deal, seen as a replacement for the 25-year-old NAFTA, is the result of more than two years of … [Read more...]
China seeks $2.4 billion in penalties against US at WTO
BERLIN (AP) – China is asking the World Trade Organization for the right to impose $2.4 billion in annual penalties on the United States in a case over Chinese subsidies dating back years. A document … [Read more...]
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