Tag Archives: trade

China Push to End Reliance on US Tech at Trade Fight’s Core

HIGHLIGHTS China remains heavily reliant on technologies from the West China assembles 90 percent of world’s smartphones, computers But most of the revenue flows to US companies that supply chips Fears that China is threatening US leadership in robots, electric cars and other advanced technologies are pushing the world’s two biggest economies toward a full-blown trade war as the… Read More »

Narendra Modi in Germany: Defence, trade and business atop PM’s agenda as 4-nation visit begins

File image of Narendra Modi. PTI After mammoth celebrations across the country to mark three years of the Narendra Modi government, the prime minister is embarking on a four-nation visit to Germany, Spain, Russia and France. This European tour sojourn kicks off on Monday, with Modi setting off for Berlin.   India and Germany have been strategic partners since… Read More »

Trudeau praises Ceta as ‘blueprint’ for trade deals

Canada’s Prime Minister Justin Trudeau says his country’s Ceta trade deal with the EU will help middle-class families and set the standard for future trade deals globally. Addressing the European Parliament, he called Ceta “a comprehensive blueprint for responsible economic co-operation”. MEPs approved Ceta on Wednesday, after nearly eight years of negotiations. Most trade tariffs will be removed.… Read More »

China posts worst export fall since 2009 as fears of U.S. trade war loom

China’s massive export engine sputtered for the second year in a row in 2016, with shipments falling in the face of persistently weak global demand and officials voicing fears of a trade war with the United States that is clouding the outlook for 2017. In one week, China’s leaders will see if President-elect Donald Trump makes good on… Read More »

Asian shares slip in holiday-thinned trade, focus turns to U.S. data

Asian shares struggled on Thursday after a lacklustre performance on Wall Street, with investors looking to U.S. economic data later in the day for potential catalysts even as markets started winding down ahead of the holidays. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS erased early modest gains and slipped 0.3 percent, while Japan’s Nikkei stock index… Read More »

Post-Brexit deals ‘not at price of EU free trade ties’

Post-Brexit trade deals should not “come at a price” to existing agreements with other EU nations, ex-chancellor George Osborne says. But he told the BBC’s Andrew Marr the UK needed a “hard-headed assessment” of issues such as the EU customs union. On the same programme, International Trade Secretary Liam Fox did not reveal his stance on the customs… Read More »

UK trade deficit widens in September, official figures show

The UK trade deficit widened to £5.2bn in September from £3.8bn in August, the Office for National Statistics (ONS) said. Exports decreased by £0.2bn, while imports increased by £1.2bn. The widening between imports and exports was in part driven by a record £8.7bn deficit with the European Union. Although the pound fell sharply after the Brexit vote, the… Read More »

Belgium split over EU-Canada trade deal Ceta

Belgium’s Trade Minister Didier Reynders says EU leaders may agree on a landmark EU-Canada trade deal this week – but only if objections from his country’s Wallonia region can be met. EU trade ministers are discussing the Ceta deal in Luxembourg, and Wallonia’s concerns cannot be ignored. Belgium’s national government backs the deal. Walloon MPs say Ceta favours… Read More »

Tens of thousands protest in Europe against Atlantic free trade deals

Tens of thousands of people protested in European cities on Saturday against planned free trade deals with the United States and Canada they say would undermine democracy and lower food safety, environmental and labor standards. Organizers — an alliance of environmental groups, labor unions and opposition parties — said 320,000 people took part in rallies in seven German… Read More »

UK trade deficit shrinks in July

The UK trade deficit, which reflects the difference between imports and exports, shrank to £4.5bn in July from £5.6bn the previous month, the Office for National Statistics (ONS) said. The narrowing of the gap reflected a 2% increase in exports of goods and services, taking them to £43.8bn. Imports fell by 0.5% to £48.3bn. Although the pound fell… Read More »