U.S. and Canadian officials on Thursday frantically tried to hammer out final sticking points for a deal to replace the North American Free Trade Agreement, with one day left before President Trump’s deadline for an agreement.
Canadian Foreign Minister Chrystia Freeland said on Wednesday that NAFTA trade negotiations with the United States were at a ‘very intense moment’ and Canada was looking for compromises that were ‘win-win’ for all sides.
President Trump heralded a tentative trade deal with Mexico on Monday as a big win for his get-tough trade policies, which he said put Canada on the spot to start its own negotiations with the U.S. or face higher tariffs on autos.
Tropical Storm Lane, greatly diminished from the major hurricane it once was, drifted away from the Hawaiian coast on Saturday, but lingering showers threatened to trigger more flooding and landslides.
The United States and Mexico look close to resolving key differences on the North American Free Trade Agreement and may have a complete deal worked out by as early as Monday, according to sources close to the talks.
Trade talks between the U.S. and China failed to produce any visible sign of progress, reducing the prospects of a deal soon, people closely tracking the talks said.
U.S. and Chinese officials met for the first time in more than two months to try find a way out of their deepening trade conflict, but there was no evidence that the low-key discussions would halt a new round of U.S. tariffs due on Thursday.
The United States and China escalated their acrimonious trade war on Thursday (Aug 23), implementing punitive 25 percent tariffs on US$16 billion worth of the other’s goods.
Stock markets hit a new all-time high Tuesday as they approached the longest bull market in modern history, despite President Trump’s recent statements on trade and monetary policy that have unnerved some business leaders.
Turkish President Recep Tayyip Erdogan declared Saturday that his country would not be cowed by the United States, his latest broadside in the bitter feud between Ankara and Washington.
Global dividends jumped 12.9 percent year-on-year in the second quarter to $497.4 billion, hitting a new record, according to a report on the Janus Henderson Global Dividend Index.
U.S. stocks rebounded on Thursday with the Dow posting its biggest percentage gain in over four months, as positive earnings and waning trade jitters buoyed investor confidence.
Mexico’s economy minister on Wednesday said that Mexico and the United States may not meet an August goal to finish bilateral talks to revamp the NAFTA trade deal, which is beset by disagreements over automobile trade rules and other issues.
Qatar has pledged to invest $15 billion in Turkey as Ankara rolls out measures to strengthen the lira amid a trade spat with the US.
Some Turks are reacting with defiance to their plunging currency and an escalating trade and political dispute with the United States – an indication that they are ready to endure economic pain and risk further deterioration in a key, yet troubled alliance dating from the Cold War.
The man arrested at a squalid New Mexico compound is the son of a controversial Brooklyn imam who was on a list of people who ‘may be alleged as co-conspirators’ to the 1993 World Trade Center bombing, according to court documents released by prosecutors Wednesday. Siraj Wahhaj, who shares a name with his son who was arrested Saturday, testified as a character witness for Sheik Omar Abdel Rahman, the notorious ‘blind sheikh’ who was convicted in 1995 of plotting terror attacks in the U.S.
Saudi Arabia and Canada are currently locked in a diplomatic spat over human rights, with both countries refusing to back down despite a breakdown in future trade deals, suspended passenger flights and a flurry of other sanctions.
China said Wednesday it will impose a 25-percent tax on hundreds of U.S. products, the latest retaliation in a trade war that’s raising anxiety among American farmers and other businesses about their prospects for the rest of the year.
In a bid to sustain trade and economic relations with Iran, the European Union is looking to its so-called ‘blocking statute’ that will forbid European companies from complying with enacted U.S. sanctions.
The State Department sought for a second day to avoid inflaming a spiraling diplomatic row between Saudi Arabia and Canada Tuesday, calling on both sides to sort out their differences over a delicate human rights dispute.