News Analysis China’s trade patterns seem set to shift in the next few years. The United States and the Europe Union have made agreements that will surely advance their decoupling from China. Meanwhile, agreements in Asia seem ready to increase trade flows between South Korea, Japan, and China and do so substantively, if not immediately….
US and EU Reject China Trade
December 8, 2021
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Canada Lobbies US Senators Ahead of Vote on Key Spending Bill
News Analysis Canada’s Trade Minister Mary Ng made a diplomatic push in Washington last week, meeting with U.S. senators ahead of their vote on a piece of legislation that is dividing Americans and could considerably impact Canada’s auto sector. The delegation of opposition MPs, Canadian consuls from across the United States, and business and labour…
3 SaaS Stocks Plummet 25 Percent as the Work-From-Home Trade Fades
The COVID-19 pandemic led to the rise of many things—the retail investor, to-go margaritas, and virtual rap battles to name a few. But potentially the biggest beneficiary of the pandemic has been companies in the work-from-home industry and software-as-a-service (SaaS) companies. DocuSign Inc., a company that allows businesses and individuals to legally sign contracts electronically,…
Two Weeks After Trudeau, Team Canada Delegation Wraps up Latest DC Visit
December 3, 2021
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WASHINGTON—Canada’s international trade minister is wrapping up her latest official visit to the U.S. capital−her second since Prime Minister Justin Trudeau was at the White House last month. Mary Ng led a multipartisan Team Canada mission to Capitol Hill for several days of meetings with U.S. lawmakers to talk about a number of lingering irritants….
Canadian Delegation Heads to Washington to Discuss Trade Concerns
A Canadian delegation is visiting Washington this week to meet with officials over a number of protectionist measures to be adopted by the United States, just weeks after leaders of the the two countries met at the North American leaders’ summit. Global Affairs Canada (GAC) says the delegation will meet with congressional leaders and stakeholders…
Reforming Global Trade Rules Is Tough but Doable: WTO Chief
December 1, 2021
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GENEVA—The head of the World Trade Organization stressed the importance of reforming the global trade body to prevent further trade wars but warned it would be “very tough” amid high geopolitical tensions. The 27-year-old global trade body, under pressure to prove its relevance, was due to have held a major ministerial meeting this week and…
EU Seeks to Forge New Global Trade Rules With US
December 1, 2021
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BRUSSELS—The European Union has experienced a “breakthrough year” with the United States even if not all trade irritants are gone and now wants to work with its transatlantic ally to start forging trade rules for the future, the EU trade chief said. “One can say that this year was indeed a breakthrough year for EU–U.S….
Beijing Tried to ‘Drive Australia to Its Knees’ With Trade Action: US Advisor
The White House’s Indo-Pacific coordinator, Kurt Campbell, has slammed Beijing’s decision to punish Australia with billions of dollars worth of export restrictions as a form of “dramatic economic warfare” that sought to hurt the nation’s economic and political standing. Speaking at a digital conference hosted by think tank Lowy Institute, Campbell addressed the significant tensions…
WTO Seeks Deals in Early 2022 Despite Postponing Major Meeting
November 30, 2021
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GENEVA—The World Trade Organization should be able to wrap up negotiations on fishing subsidies and a response to the COVID-19 pandemic early in 2022 even after postponing its ministerial meeting this week, its director-general said on Tuesday. Ngozi Okonjo-Iweala, addressing a briefing on the day its ministerial conference (MC12) was due to start, said the…
Diversifying Trade Enriching Australian Companies: Trade Minister
Just over forty percent of Australian exporters who have diversified their trade markets are doing better financially than they were a year ago, a study has found. Australia’s International Business Survey 2021 (pdf), found that although 87 percent of exporters thought the business environment was more challenging, forty-three percent of them that had diversified to…
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