Tag: trade

US Trade Office Says GM Mexico Labor Case Concluded, Tariff Threat Lifted

WASHINGTON—A U.S. labor complaint under the U.S.-Mexico-Canada trade pact over a General Motors plant union vote in Mexico has been successfully concluded, lifting the threat of U.S. tariffs on the factory’s pickup trucks, the U.S. Trade Representative’s (USTR) office said on Wednesday. The United States opened the case in May after complaints that workers’ rights…


Australia Says Trade Pact Would Benefit EU in Indo-Pacific Amid Submarine Deal Fallout

CANBERRA—An Australian-EU trade deal would be mutually beneficial and allow EU members a greater presence in the Indo-Pacific, said Australia’s trade minister, as Canberra tries to repair ties with Paris after the scrapping of a $40 billion submarine deal. Australia last week cancelled a deal with France’s Naval Group to build a fleet of conventional…


Top US Trade Official to Have Meeting With WTO Chief on Wednesday

U.S. Trade Representative Katherine Tai will have an online meeting on Wednesday with Ngozi Okonjo-Iweala, the director-general of the World Trade Organization, Tai’s media office said, weeks before it holds an import ministerial conference. Tai spoke by telephone earlier this month with the head of the WTO and acknowledged the “difficult logistical challenges” facing the…


France Threatens to Block Australia–EU Trade Negotiations Over Submarine Deal

France is threatening to block discussions between the European Union and Australia on a free trade agreement after the Australian government rescinded a deal with Paris to purchase French submarines. The move comes a few days after France withdrew its ambassadors from Australia and the United States, after the United States and Australia jointly announced…


Australian Trade Minister Seeks French Meeting, Confident Subs Row Won’t Derail EU Talks

CANBERRA—Australian Trade Minister Dan Tehan said on Monday he will seek a meeting with his French counterpart to ease tensions over Canberra’s decision to scrap a $40 billion submarine deal. Australia last week said it would end the deal with France’s Naval Group to build a fleet of conventional submarines and would instead build at…


UK Seeks to Break Down Digital Trade Barriers, Says Minister

LONDON—Britain will look to break down digital trade barriers to help its businesses export their services, the country’s newly appointed trade minister Anne-Marie Trevelyan will say on Monday. Britain’s Department for International Trade last week published a report seeking to predict trends in global trade out to 2050 which forecast that demand for digital services…


China’s Exports to North Korea Up for 3rd Straight Month

China’s exports to North Korea grew for the third straight month in August, taking up a quarter of the overall volume of this year to date, China’s General Administration of Customs reported on Sept. 18. Chinese shipments to North Korea saw a 30 percent increase from $16.8 million in July to $22.5 million in August,…


US, South Korea Trade Chiefs Discuss Strengthening Supply Chain

WASHINGTON—U.S. Trade Representative Katherine Tai and South Korean Trade Minister Yeo Han-koo, in a meeting on Monday, emphasized the importance of working together to strengthen supply chains, including for semiconductors, the office of the USTR said in a statement.  


US–EU Officials to Kick Off New Trade, Tech Council on Sept. 29: White House

WASHINGTON—Top officials from the United States and European Union will meet in Pittsburgh, Pennsylvania on Sept. 29 for the inaugural meeting of the newly established U.S.–EU Trade and Technology Council (TTC), a White House spokesperson said on Thursday. The council, announced at the U.S.–EU summit in June, aims to expand and deepen trade and investment…


Australia Will Not Bow to Chinese Demands to Restart Talks: Foreign Minister

CANBERR—Australia will not accept Chinese demands to change policy in order to restart bilateral talks, Foreign Minister Marise Payne said. “We’ve been advised by China that they will only engage in high-level dialogue if we meet certain conditions. Australia places no conditions on dialogue. We can’t meet (their) conditions now,” Payne said in a speech…