Tag

Free Trade

All articles tagged with #free trade

world1 month ago•3 min saved

Canada won’t pursue a China trade deal amid Trump’s tariff threats

Canadian Prime Minister Mark Carney says Canada has no plan for a free-trade pact with China, despite a narrow tariff-cut with Beijing, while U.S. President Trump threatens 100% tariffs on Canadian goods if such a deal proceeds. Canada previously imposed 100% tariffs on Chinese EVs and 25% on steel/aluminum; China retaliated against Canadian canola oil, meal, pork and seafood. The new arrangement caps Chinese EV imports at an initial 49,000 vehicles at 6.1% tariff, expected to rise to about 70,000 over five years, with China likely to invest in Canada’s auto sector within three years.

via PBS|

#canada #china #davos

world1 month ago•6 min saved

EU-India Free-Trade Pact Nears Signature at Historic Summit

At a EU-India summit, Europe and India are poised to sign a wide-ranging free-trade agreement, signaling a strategic push to deepen economic ties and diversify away from US and China influence amid evolving geopolitical pressures.

via The Economist|

#eu-india #europe #free-trade

world1 month ago•21 min saved

EU readies landmark Mercosur pact as Trump-era shifts reshape global trade

EU leaders are set to sign a landmark free-trade agreement with Mercosur (Brazil, Argentina and allies) to create what officials call the world’s largest free-trade zone, a culmination of a 25-year effort framed as a demonstration that open markets can endure amid President Trump’s protectionist tilt.

via The Washington Post|

#european-union #free-trade #international-trade

world1 month ago•3 min saved

EU Approves Mercosur Free Trade Agreement with Latin America

EU member states have approved the Mercosur free trade deal with South American countries, pending European Parliament approval, despite some countries like France opposing it. The agreement aims to reduce tariffs, boost exports, and strengthen trade relations, with support from Germany and other nations, while facing resistance from farmers and some political leaders.

via dw.com|

#eu #european-union #free-trade

business2 months ago•3 min saved

Global Leaders Discuss Using Frozen Russian Assets to Support Ukraine

China has launched a $113 billion free-trade experiment on Hainan island, transforming it into a duty-free zone to attract foreign investment, boost trade, and establish a Hong Kong-style commercial hub, as part of its efforts to join the CPTPP and diversify its economy amid trade tensions and economic slowdown.

via Reuters|

#business #china #economic-reform

world5 months ago•5 min saved

Future of Free Trade Amid Trump's Trade Policies

The global trading system, historically based on free trade principles and managed by institutions like the WTO, faces significant challenges due to US protectionist policies under Trump, China's rise, and geopolitical tensions, leading to potential shifts towards regional arrangements and coalitions that may reshape international trade dynamics.

via The Conversation|

#free-trade #globalization #trade-system

world7 months ago•2 min saved

Mercosur and Europe finalize major trade agreement amid regional uncertainties

Mercosur and the European Free Trade Association (EFTA) have finalized a sweeping free trade agreement covering nearly all shipments between the two blocs, involving 300 million people and a GDP of over $4.3 trillion, with potential approval in the second half of 2025. The deal aims to improve market access for over 97% of exports and expand tariff-free imports within Mercosur, which includes Brazil, Argentina, Uruguay, and Paraguay. The agreement is part of ongoing efforts to boost trade amid global uncertainties and is linked to broader negotiations with the EU, which face political challenges.

via Reuters|

#argentina #efta #free-trade

international-relations1 year ago•3 min saved

China Urges Unity with Japan and South Korea Amid Regional Tensions

At a trilateral summit in Seoul, China urged Japan and South Korea to reject protectionism and uphold free trade, emphasizing economic cooperation over political and security issues. The leaders agreed to institutionalize their cooperation and expedite free trade agreement negotiations. The summit aimed to stabilize regional relations amid North Korean threats and U.S. influence, with China seeking to maintain its economic ties with both countries.

via CNBC|

#china #free-trade #international-relations

international-relations2 years ago•1 min saved

China and EU Urged to Embrace Openness, Reject Protectionism by Chinese State Media

Chinese Foreign Minister Wang Yi has urged China and the European Union (EU) to maintain an "open attitude" and reject protectionism, emphasizing the importance of free trade and cooperation. Wang stated that China supports the EU's strategic independence and European integration, and that the two sides should focus on achieving positive effects through their partnership. The remarks come amidst an ongoing investigation by the European Commission into potential punitive tariffs on Chinese electric vehicle imports, which the EU claims benefit from excessive state subsidies.

via Reuters|

#china #cooperation #european-union

economics2 years ago•1 min saved

"Unveiling the Hidden Victims: The Economic Losers in the New World Order"

The global economy is witnessing a shift towards rising protectionism and massive subsidies, leading to a race among the world's largest economies to secure the industries of the future. However, smaller countries that cannot afford to pay up are being left behind in this new world order.

via The Wall Street Journal|

#economics #free-trade #global-economy