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Global Trade

All articles tagged with #global trade

global-trade5 days ago•3 min saved

Berlin and Paris propose 'second-strike' tool to cut off EU market access

German Chancellor Friedrich Merz and French President Emmanuel Macron have jointly proposed a new EU trade instrument that could immediately cut off access to the single market in response to economic coercion. The move marks a significant shift for Berlin toward protectionism, aiming to counter Chinese restrictions on critical supplies like rare earths and magnets. The proposal seeks to bypass standard qualified majority voting rules, allowing a minority of member states to trigger the measure. This initiative is designed to prepare for upcoming EU Council meetings and address the bloc's growing trade deficit with China, which now exceeds its deficit with the United States.

via Financial Times|

#china-rare-earths #economic-coercion #emmanuel-macron

global-trade7 days ago•1 min saved

Beijing targets EU chemical exports with anti-dumping probe ahead of trade deadline

China’s Ministry of Commerce has opened an anti-dumping investigation into European exports of p-nitrotoluene, a chemical used in dyes and pharmaceuticals. This move follows a surge in EU trade actions against Chinese goods and precedes critical talks between EU and Chinese officials in October.

via Financial Times|

#anti-dumping #eu-china-trade #global-trade

global-economy8 days ago•0 min saved

G20 Trade Ministers Reach Limited Consensus Amid Tariff Tensions

At the G20 trade meeting in Milwaukee, the U.S. secured limited consensus on condemning the weaponization of food trade, while broader efforts to address Chinese manufacturing and forced labor failed. Although allies agree on the need to curb excess capacity, they remain divided by U.S. tariffs that impose significant costs on their own economies.

via Politico|

#economic-resilience #g20-trade #global-economy

global-trade10 days ago

Beijing Threatens Retaliation as EU Weighs Section 301-Style Trade Barriers

China’s commerce ministry warned the European Union it will respond firmly if Brussels introduces restrictions on Chinese businesses or products. This warning precedes high-level talks in Beijing next week, where EU Trade Commissioner Maros Sefcovic seeks concrete results to reduce the bloc’s record trade deficit with China by October. European officials are reportedly finalizing a joint paper from Germany and France that calls for a new tool to cut off Chinese access to the EU market within 24 hours, mirroring U.S. Section 301 authorities. Beijing argues such unilateral measures violate World Trade Organization rules and undermine mutual trust, while European leaders face pressure to address a trade imbalance that recently surpassed the U.S. deficit.

via CNBC|

#china-eu-trade #eu-section-301 #global-trade

global-trade12 days ago•392 min saved

US and China Cut Tariffs on $60 Billion of Consumer and Agricultural Goods

The United States and China have agreed to reduce tariffs on $60 billion worth of goods, with each side lowering duties on $30 billion in non-sensitive products. The deal, brokered through the US-China Board of Trade, covers items ranging from US corn and coal to Chinese toys and appliances. A two-month extension of the trade truce until January 10, 2026, was also confirmed, though strategic sectors like semiconductors remain excluded.

via NBC News|

#agricultural-exports #consumer-goods #global-trade

economy13 days ago•4 min saved

US Diesel Export Ban Threatens Global Supply Chains Amid Record Prices

US diesel prices hit a record $6.50 per gallon, prompting President Trump and Republican lawmakers to consider a 90-day export ban to lower domestic costs ahead of midterms. While this move aims to relieve US consumers, analysts warn it could backfire by reducing refinery output and spiking global prices, particularly in Europe and Latin America, which rely heavily on US fuel.

via Al Jazeera|

#diesel #economy #energy-policy

global-trade15 days ago•1 min saved

Record Port Volumes and Order Surges Signal Pre-Summit Trade Rush

Chinese ports recorded their busiest week ever in late September, driven by a surge in US-bound orders ahead of the Trump-Xi summit. A trade truce extension to January has eased immediate tariff fears, though overall domestic demand remains weak.

via CNBC|

#container-shipping #export-data #global-trade

economy16 days ago•28 min saved

Trump Weighs 90-Day Diesel Export Ban Amid Record Prices and Global Backlash

President Trump is reportedly preparing a 90-day ban on US diesel exports to lower record-high domestic fuel prices ahead of the midterm elections. While the move aims to provide short-term relief for American consumers, economists and international partners warn it could disrupt global supply chains, raise prices elsewhere, and ultimately harm the US economy by reducing refining output.

via Common Dreams|

#economy #energy-policy #global-trade

global-trade17 days ago•5 min saved

Bessent Confirms US-China Trade Truce Extension to January 10

Treasury Secretary Scott Bessent confirmed that the United States and China have agreed to extend their bilateral trade truce until January 10, 2026. The extension follows an unscheduled meeting between Bessent and Chinese Vice Premier He Lifeng. This diplomatic move precedes Chinese President Xi Jinping’s state visit to Washington, his first since 2015, where leaders will discuss trade, artificial intelligence, and geopolitical tensions. The agreement aims to stabilize markets and provide a window for further negotiations ahead of the summit.

via Forex Factory|

#global-trade #market-stability #scott-bessent

world19 days ago•4 min saved

China trims US rare-earth magnets shipments ahead of Trump-Xi talks

China’s August exports of rare-earth magnets to the US fell to 512 tonnes, down 13% from a year earlier and 20% from July, underscoring ongoing tensions over critical minerals as Trump and Xi prepare to meet in Washington. Beijing has long used rare earths as leverage in trade talks, and with Western efforts to diversify supply chains progressing slowly, the drop also reflects broader declines in magnets exports to Japan (−17%) and Germany (−22%). Analysts warn supply could again be leveraged in negotiations, though a major shift to non-Chinese supply is likely years away.

via Financial Times|

#china #global-trade #natural-resources

world22 days ago•2 min saved

Rome Deploys Warships to Secure Bab al-Mandeb Seaway

Italy will deploy warships to protect merchant vessels through Bab al-Mandeb, saying Rome won’t wait for EU consensus and warning that the strait’s closure would severely hit the global economy given its crucial role in trade and energy routes; the Houthis’ expanded control of Yemen’s western Red Sea coast has raised risks despite ongoing US/EU protection efforts.

via Al Jazeera|

#bab-al-mandeb #global-trade #houthis

world24 days ago•6 min saved

EU cools Carney’s push for a Canada-EU ‘unique alliance’

EU capitals have rebuffed Canada’s bid for a “unique alliance” and a broader “middle powers” coalition, preferring to deepen ties via existing deals like Ceta and closer cooperation on arms and minerals rather than offering Ottawa preferential access; concerns about US reactions, ratification hurdles in France and Italy, and regulatory frictions (eg, hormone-treated beef) limit progress, even as talks toward a digital trade pact continue ahead of a Montreal summit.

via Financial Times|

#canada #ceta #european-union

world26 days ago•7 min saved

Canada presses Europe to seal trade ties as it pivots from the US

Canada’s Mark Carney urges EU lawmakers to ratify and deepen the CETA trade deal to diversify Ottawa’s economy away from the US amid Trump-era tensions. He will address the European Parliament as Ottawa hosts an investor summit to attract billions in investment, arguing the tighter Europe–Canada links would boost resilience and prosperity. The deal is already functioning de facto in many areas, 10 EU states have yet to ratify, and Canada aims to advance broader agreements with Europe while keeping the door open to restarting talks with the US.

via Financial Times|

#canada #eu-trade #european-union

world28 days ago•3 min saved

BRICS summit in Delhi calls for resilient global trade, energy and supply chains

At the Delhi summit, BRICS nations unanimously adopted a joint declaration to keep global trade, supply chains and energy flowing smoothly, even as Middle East and Ukraine tensions threaten energy and shipping. Leaders discussed expanding non-Western cross-border payment channels and AI cooperation, with Modi hosting and Xi, Putin and Pezeshkian in attendance, signaling a push to empower the Global South amid tariff frictions and geopolitical shifts.

via Al Jazeera|

#brics #cross-border-payments #energy

world1 month ago•7 min saved

Xi-Modi thaw signals a cautious pivot as BRICS looms

Ahead of the BRICS summit in New Delhi, Xi Jinping’s planned visit to India marks the first since the 2020 border clashes and signals a cautious rapprochement between the world’s two most populous nations, with rising bilateral trade and investment, resumed border diplomacy and an effort to manage competition within regional forums while balancing American influence.

via ft.com|

#brics #china-india-relations #global-trade