Latest Trade agreements News

S&P 500, Nasdaq at records as hopes build for a trade deal

Dec. 12, 2019 4:05 PM EST

Stocks are closing at more record highs as traders hope that the US and China can make enough progress on trade to avoid new tariffs kicking in over the weekend. Banks and technology companies led the gains. The S&P 500 rose 26 points, or 0.9%, to 3,168. The Dow Jones Industrial Average rose 220 points, or...

Asian shares mixed as Fed leaves rates unchanged

Dec. 11, 2019 9:58 PM EST

TOKYO (AP) — Asian shares were mixed Thursday, after a wobbly day on Wall Street following the Federal Reserve announcement it would leave interest rates unchanged. Japan's benchmark Nikkei 225 edged up 0.2% in early trading to 23,433.83, while Australia's S&P/ASX 200 lost 0.7% to 6,706.90. South...

Democrats agree to North America trade pact: What's in it?

Dec. 11, 2019 12:22 PM EST

WASHINGTON (AP) — After months of political wrangling, House Democrats agreed Tuesday to President Donald Trump’s revamped version of a 25-year-old North American free trade agreement. But they pried some concessions out of the Trump administration before saying they’d go along....

China reportedly threatens tiny Faeroe Islands over Huawei

Dec. 11, 2019 11:38 AM EST

COPENHAGEN, Denmark (AP) — Danish media are reporting that the Chinese government threatened to cancel a trade deal with the tiny Faeroe Islands if the country does not agree to use internet networks supplied by Chinese tech company Huawei. Huawei is at the center of a global cybersecurity debate, with the...

Mexico to send new regional trade agreement to Senate

Dec. 11, 2019 10:33 AM EST

MEXICO CITY (AP) — Mexican President Andrés Manuel López Obrador said Wednesday he will send a new regional trade agreement to the Senate immediately for ratification. The president suggested it would be just a formality because senators from all parties were present at the signing Tuesday with...

World shares mixed on reports Trump might delay tariff hike

Dec. 11, 2019 7:48 AM EST

BEIJING (AP) — Global markets were mixed Wednesday following reports that President Donald Trump's advisers were preparing for a possible delay in a weekend tariff hike on Chinese goods. Investors also had their eyes on central bank meetings in Europe and the U.S. The German index in Frankfurt rose in...

Pelosi offers some trade policy with that impeachment

Dec. 10, 2019 9:03 PM EST

WASHINGTON (AP) — For the House progressives: a pair of impeachment articles against President Donald Trump. For the vulnerable Democratic freshmen: charges that are narrowly focused on Ukraine. And for the whole House Democratic majority — and, however backhandedly, Trump himself: a sweeping new...

Democrats, White House forge new North American trade deal

Dec. 10, 2019 6:08 PM EST

WASHINGTON (AP) — House Democrats and the White House announced a deal Tuesday on a modified North American trade pact, handing President Donald Trump a major Capitol Hill win on the same day that impeachment charges were announced against him. Both sides hailed the deal as a win for American workers. They...

Trump, Dems in tentative deal on North American trade pact

Dec. 9, 2019 11:08 PM EST

WASHINGTON (AP) — House Democrats have reached a tentative agreement with labor leaders and the White House over a rewrite of the U.S.-Mexico-Canada trade deal that has been a top priority for President Donald Trump. “I’m hearing very good things, including from unions and others that...

Mexico may accept US steel trade rule, rejects aluminum

Dec. 9, 2019 10:27 AM EST

Mexico may accept U.S. requests for greater regional content on steel, as long as there is a five-year phase-in period. Foreign Relations Secretary Marcelo Ebrard said a U.S. request for 70% regional content on steel could be written into an addendum to the U.S.-Mexico Canada free trade agreement. But Ebrard...