Latest Trade agreements News

Commission: New NAFTA would deliver modest economic gains

Apr. 18, 2019 4:50 PM EDT

WASHINGTON (AP) — President Donald Trump's new North America trade agreement would give the U.S. economy only a modest boost, an independent federal agency has found. The International Trade Commission said Thursday that Trump's U.S.-Mexico-Canada agreement would lift the U.S. economy by 0.35%, or $68.2...

Corporate deal-making dips in 1Q on trade, economy fears

Apr. 18, 2019 1:47 PM EDT

Lingering trade spats and fears of a global economic slowdown stunted corporate deal-making worldwide during the first quarter. Large, international deals that drove the acquisitions market for years nearly disappeared, pushing deal values down by 15% from a year ago. Deal-making in Europe plunged to its lowest...

Japan reports exports, trade surplus slid in March

Apr. 17, 2019 2:03 AM EDT

TOKYO (AP) — Japan's exports declined in March as shipments to China dropped more than 9%, pulling the nation's trade surplus sharply lower. The data released Wednesday by the Finance Ministry was more or less in line with forecasts. The report followed two days of trade talks with the U.S. in Washington...

EU moves to limit focus of trade talks with US

Apr. 15, 2019 10:26 AM EDT

BRUSSELS (AP) — The European Union approved Monday its terms for negotiating a new trade deal with the United States, but set up a possible show-down with Washington by refusing to include agricultural products in the talks. Making public the mandate for the EU's executive commission to conduct...

World stocks mostly rise on US-China trade talks, earnings

Apr. 15, 2019 7:35 AM EDT

SINGAPORE (AP) — World stocks mostly edged up on Monday after the U.S. and China said they were closing in on a trade deal, without giving a timeline, and amid optimism over corporate earnings. Britain's FTSE 100 was flat at 7,433 while the CAC 40 in France gained 0.1% to 5,509. Germany's DAX was also up...

Asian shares advance on US-China trade hopes

Apr. 14, 2019 11:26 PM EDT

SINGAPORE (AP) — Asian markets were broadly higher Monday on signs that the U.S. and China were closing in on a trade deal after months of negotiations. The Shanghai Composite index gained 1.7% to 3,243.91. Japan's Nikkei 225 index jumped 1.5% to 22,190.71 and the Kospi in South Korea added 0.7% to...

Finance officials pledge cooperation, but tensions persist

Apr. 14, 2019 12:45 AM EDT

WASHINGTON (AP) — Global finance officials are pledging closer cooperation in efforts to lift the world economy out of its current slowdown, but tensions persist between the United States and other nations over trade and other issues. Officials wrapped up the spring meetings of the 189-nation International...

Sanders, in Michigan, tells Trump to rework trade accord

Apr. 13, 2019 7:50 PM EDT

WARREN, Mich. (AP) — Sen. Bernie Sanders of Vermont says President Donald Trump should "go back to the drawing board" on the U.S.-Mexico-Canada trade accord because it would let Michigan-based General Motors and other companies send U.S. jobs to Mexico. The Democratic presidential candidate rallied in the...

Labor reform passes Mexican congress, draws Ivanka praise

Apr. 12, 2019 8:09 PM EDT

MEXICO CITY (AP) — Mexico's lower house of Congress has approved a labor law reform aimed at ensuring workers can freely vote for their union representation and contracts. The changes are needed to win approval of the new U.S.-Mexico-Canada trade agreement, which was negotiated to replace the old NAFTA...

At US-Mexico CEO summit, leaders optimistic amid uncertainty

Apr. 12, 2019 5:59 PM EDT

MERIDA, Mexico (AP) — Business and political leaders from the U.S. and Mexico gathered Friday to promote greater trade at a time when actions by both governments have rattled investors, expressing optimism despite times of uncertainty and tensions over the border and illegal immigration. Investment in...