More Sanctions As Ukraine Faces Heavy Russian Attacks
Fearing a world war, U.S. President Joe Biden said Friday his country would not intervene militarily against Russia in Ukraine, as Russian forces stepped up their bombardment across Ukraine.
tariff
US, EU settle dispute over tariffs on steel, aluminum
The European Union and the United States have reached an agreement to rein in tit-for-tat tariffs that date back to the Trump administration, officials announced on Saturday.
Britain hopes to join transatlantic trade agreement next year, no date for US-UK deal yet
While it is not known when post-Brexit Britain will be able to sign a full and comprehensive free trade deal with the United States, Boris Johnson hopes to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) partnership in 2022, Reuters reports.
US, EU End Airbus- Boeing Trade Dispute
The United States and the European Union have resolved their near 17-year conflict over aircraft subsidies, Worthy News learned Tuesday.
UK set to formally apply for trans-Pacific trade bloc membership
Britain will next week formally apply to join a trans-Pacific trading bloc of 11 countries, with negotiations set to start later this year, the government has said.
Britain, EU Sign Christmas Trade Deal
Britian and the European Union avoided a messy divorce on Christmas Eve as they agreed on a trade deal worth nearly $1 trillion.
EU-UK post-Brexit trade talks remain at standstill
Post-Brexit trade talks between Britain and the European Union remained grid-locked Sunday evening, even as there remain just days to go before the official transition period comes to an end on December 31, the Associated Press reports. In the event no agreement is reached by the end of the year, the two parties will default to trading on World Trade Organization terms, with all the tariffs and barriers that this will entail.
EU, British Leaders Concede Big Gaps Remain in Post-Brexit Talks
Britain and the European Union provided sober updates Thursday on the state of post-Brexit trade discussions, with only two weeks to go before a potentially chaotic split.
UK and Mexico sign post-Brexit continuity deal
The UK and Mexico signed a continuity agreement Tuesday that will permit trade between them to continue on current terms after Britain leaves the European Union’s common trade policy on December 31, Reuters reports.
EU-UK post-Brexit deal still “possible”
With just over two weeks to the end-of-year deadline, EU chief negotiator Michel Barnier said Monday it is still possible a post-Brexit trade deal could be struck between Britain and the European Union, Deutsche Welle reports.
EU, Britain Face Messy Divorce After Talks Breakdown
European leaders have warned that Britain’s exit from the European Union will likely be without a crucial deal on $1 trillion in annual trade. Britain already quit the EU in January, but it remained in the EU single market and customs union during a transition period.
UK, Canada Sign Trade Agreement
The United Kingdom on Wednesday signed a trade agreement with Canada, days before the end of the Brexit transition period, removing the risk of an estimated £42 million ($56.15 million) tariff burden on UK exports.
Britain signs interim trade deal with Canada amid continued negotiations with EU
While still trying to reach a post-Brexit trade deal with the European Union, the United Kingdom has been able to agree to an interim trade deal with Canada, Fox News reports. The agreement offers a source of business security for Britain, which must reach an agreement with the EU by the end of the post-Brexit transition period on 31 December or move instead into World Trade Organization terms with the European trading bloc.
Federal judge throws out Trump campaign lawsuit in Pennsylvania; appeal expected
A federal judge tossed a lawsuit Saturday night that sought to have millions of ballots from the Nov. 3 presidential election thrown out, dealing another blow to President Donald Trump’s efforts to stay in office.
ASEAN, China, other partners sign world’s biggest trade pact
China and 14 other countries agreed Sunday to set up the world’s largest trading bloc, encompassing nearly a third of all economic activity, in a deal many in Asia are hoping will help hasten a recovery from the shocks of the pandemic.
Japan, Britain sign free trade deal for post-Brexit era
Japan and Britain signed a bilateral free trade deal Friday in the the first such major post-Brexit deal, reducing tariffs on Yorkshire lamb sold in Japan, as well as auto parts for Japan’s Nissan plant.
EU says no extra funding for Palestinian Authority while it refused to collect its own money from Israel
The European Union has told the Palestinian Authority that it cannot have extra EU funding while Ramallah refuses to accept its own tax money collected by Israel, the Jerusalem Post reports. Anticipating Israeli annexation of parts of the West Bank, Palestinian Authority President Mahmoud Abbas announced in May that he would cease all cooperation with Israel.
UK to Begin Free Trade Deal Negotiations with Australia and New Zealand
The UK is set to begin negotiations on post-Brexit free trade agreements with Australia and New Zealand, the Guardian reported Wednesday.
New US-China Trade War Looms Over Coronavirus Pandemic
Tensions between China and the United States are rapidly escalating into a possible trade war with Beijing and Washington accusing each other of responsibility for the coronavirus outbreak.
Mexico and the EU agree to new free-trade deal
The EU and Mexico agreed to a new free-trade deal Tuesday after four years of negotiations, the Financial Times reported. The deal provides that almost all trade between Mexico and the EU bloc will be duty-free.