Trade


    • US and Canada fail to reach deal on NAFTA

      US and Canada fail to reach deal on NAFTA

      President Donald Trump has notified US Congress that he plans to sign a trade agreement with Mexico - and Canada, if it is willing - in 90 days, US Trade Representative Robert Lighthizer said Friday. Lighthizer made the announcement in a statement after high-stakes talks that the Trump administration and Canadian officials have been holding in Washington broke up Friday afternoon without a deal. Lighthizer said the talks will resume Wednesday.

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    • Trump threatens to withdraw US from WTO

      Trump threatens to withdraw US from WTO

      President Donald Trump threatens to withdraw US from the World Trade Organization, news wires reported, citing his interview with Bloomberg News on Thursday. “If they don’t shape up, I would withdraw from the WTO,” Trump said.

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    • Canada rejoins NAFTA talks

      Canada rejoins NAFTA talks

      US and Canada began a last-minute sprint to complete a North American Free Trade Agreement revamp as it has to be worked out by Friday. After being sidelined in the discussions for three months, Canadian Foreign Minister Chrystia Freeland arrived in Washington to meet with US counterparts, following US President Trump's announcement that the US and Mexico had reach a preliminary trade deal and are now ready to jettison Canada from the trilateral trade pact if the country did not get on board quickly and start “negotiating fairly.”

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    • US urges progress in EU trade talks

      US urges progress in EU trade talks

      Washington is pressing the EU to speed up trade talks launched after July's meeting between US President Donald Trump and Commission President Jean-Claude Juncker, German and US officials said cited by news agencies. Emily Haber, German ambassador to the US, told reporters a working group formed after the Trump-Juncker meeting had convened for the first time this week, and US officials were pressing “for very rapid results”. She said a deal would need to be reached before European Parliament elections in May 2019.

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    • US and Mexico reach a preliminary trade deal

      US and Mexico reach a preliminary trade deal

      President Trump announced on Monday that the United States and Mexico had reached an agreement to revise key portions of the North American Free Trade Agreement (NAFTA) and would finalise it within days. The accord is expected to last for 16 years, and be reviewed every six years.

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    • New US tariffs on Chinese goods come into force

      New US tariffs on Chinese goods come into force

      The acrimonious trade war between China and the United States escalated as a new wave of US tariffs on $16bn worth of Chinese imports kicked in on Thursday, prompting Beijing to retaliate with its own levies on American goods worth the same amount. The punitive 25 percent duties are now implemented on 279 Chinese import product categories identified by US Trade Representative and include semiconductors, chemicals, plastics, motorbikes and electric scooters.

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    • Turkey starts legal process against US tariffs

      Turkey starts legal process against US tariffs

      Turkey has lodged a dispute complaint at the World Trade Organisation against US's tariffs on Turkish steel and aluminum imports in June and their doubling two months later, the WTO announced on Monday. The move was previously flagged by Turkish officials and comes amid an intensifying political spat between both countries, after President Donald Trump this month said he would double tariffs on aluminum and steel imported from Turkey, making them 20 percent and 50 percent respectively. 

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    • Turkey doubles tariffs on US imports

      Turkey doubles tariffs on US imports

      Turkey on Wednesday intensified its diplomatic and trade dispute with the United States by slapping additional tax on imports of a broad range of American goods, just a day after it announced that would boycott US electronic products, including Apple Inc.’s iPhones.

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    • Erdogan warns Turkey will boycott US electronics

      Erdogan warns Turkey will boycott US electronics

      Turkish President Recep Erdogan said on Tuesday Turkey will boycott US electronic goods, including Apple's iPhone device. “We will impose a boycott on US electronic products. If they have iPhones, there is Samsung on the other side, and we have our own Vestel here,” he told members of his AK Party in a speech, referring to the Turkish electronics company, whose shares rose 5%.

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