EU chief rejects Johnson’s idea of loose UK trade deal

The European Union will only offer Britain unique access to its vast single market if the U.K. agrees to stick to the bloc’s standards, European Commission President Ursula von der Leyen said Tuesday, dismissing British Prime Minister Boris Johnson’s idea of brokering a loose trade deal with the EU.

China Cuts Tariffs on $75 Billion of US Imports

China cut tariffs on $75 billion of U.S. imports including soybeans, pork and auto parts Thursday in a trade truce with Washington while Beijing struggles with a costly virus outbreak.

EU, UK begin post-Brexit poker on trade talks

The fact that the European Union will insist on a level playing field in its future relations with the United Kingdom should come as ‘no surprise’ to the UK, said the EU’s chief negotiator, Michel Barnier, in Brussels.

U.S. housing starts at 13-year high, factory output gains

U.S. homebuilding surged to a 13-year high in December as activity increased across the board, suggesting the housing market recovery was back on track amid low mortgage rates, and could help support the longest economic expansion on record.

Doubts linger after U.S. and China sign initial trade deal

China will boost spending on U.S. products in exchange for the rolling back of some tariffs under an initial trade deal signed by the world’s two largest economies on Wednesday, defusing an 18-month row but leaving numerous thorny issues unresolved.

U.S., China set to sign massive purchases deal, easing trade war

The U.S.-China trade war is set to enter a new, quieter phase on Wednesday as U.S. President Donald Trump and Chinese Vice Premier Liu He sign an initial trade deal that aims to vastly increase Chinese purchases of U.S. manufactured products, agricultural goods, energy, and services.

Erdogan, Putin launch new gas line, vow Mideast diplomacy

The presidents of Turkey and Russia inaugurated the dual natural gas line connecting their countries Wednesday, opening up a new export path for Russian gas into Turkey and Europe and promising cooperation in trade and diplomacy.

US Trade Deficit Falls to Lowest Level in More Than 3 Years

The U.S. trade deficit fell in November to the lowest level in more than three years as U.S. exports rose while imports declined, putting the country on track to see the first annual decline in the trade deficit in six years.

Worthy Christian News