global trade News Updates

The value of global trade is set to reach a new record this year, increasing by about 12% to an estimated $32 trillion, according to a U.N. report that signaled a slowdown heading into 2023.

A trade dispute resolution panel sided with Mexico and Canada over the U.S. on rules for cars shipped across regional borders, potentially giving more incentive to make auto parts in those nations.

President Joe Biden ordered broad new sanctions targeting Russia on Feb. 24 after its invasion of Ukraine, declaring that Russian leader Vladimir Putin “chose this war” and his country will bear the consequences.

Canada’s trade sector unexpectedly recorded its largest surplus in more than six years on across-the-board increases in exports.

The United States has become overly reliant on Chinese goods and services, including face masks, medical gowns and other protective equipment designed to curb the spread of the coronavirus, Attorney General William Barr said July 16.

President Donald Trump’s administration signaled talks with China over the first phase of a broad trade agreement are entering the final stages when the most contentious and complex issues are debated, with no guarantee that another breakdown will be averted.

FRANKFURT, Germany — The European Central Bank delivered a new blast of monetary stimulus Sept. 12 to help the shaky economy in the face of uncertainties such as the U.S.-China trade conflict and Brexit.

BEIJING — Stepping up Beijing’s propaganda offensive in the tariffs standoff with Washington, Chinese state media on May 24 accused the U.S. of seeking to “colonize global business” with moves against Huawei and other Chinese technology companies.

BERLIN — The whole international community has a responsibility to reduce tensions and avert a full trade war, which would produce “no winners,” according to the head of the World Trade Organization.

BUCHAREST, Romania — President Donald Trump on Sept. 17 reaffirmed Washington’s support for a business summit that aims to boost connectivity in Eastern Europe and improve ties among the region and the United States and European Union.