Posts Tagged ‘trade’

China Announces Plan to Permanently Ban Wildlife Trade

Mandy Froelich, Truth Theory Waking Times In light of the rapidly spreading coronavirus, China has announced plans to ban illegal wildlife trade and escalate supervision on “wet markets.” The initiative, which is supported by animal rights activists, aims to slow or prevent the spread of the contagion. As Business Insider reports, the Wuhan coronavirus (2019-nCoV), is believed to have originated in […]

US accuses Huawei of stealing trade secrets, assisting Iran

Reuters – U.S. prosecutors on Thursday accused Huawei of stealing trade secrets and helping Iran track protesters in its latest indictment against the Chinese company, escalating the U.S. battle with the world’s largest telecommunications equipment maker. In the indictment, which supersedes one unsealed last year in federal court in Brooklyn, New York, Huawei Technologies Co […]

Amid battle over cattle trade, PA says Israel preventing exports through Jordan

Israel on Thursday and Friday blocked Palestinian trucks from carrying produce intended for export into Jordan, the Palestinian Authority’s National Economy Ministry said. “The occupation authorities turned back from military checkpoints Palestinian trucks loaded with agricultural products for export to several countries,” the ministry said, according to reports in multiple Palestinian outlets. It said trucks […]

This is Brexit? France demands UK’s BoJo sign up to EU rules in return for trade deal

   France has warned the UK that they must agree to “dynamic alignment” on EU rules if they want a favorable post-Brexit trade deal with the bloc, in a move that could trigger tensions between the two countries. French President Emmanuel Macron has told the European Commission that British PM Boris Johnson needs to agree […]

India’s trade could be boosted by joining the Eurasian Economic Union — but US sanctions on Iran may hamper progress

With talks ongoing about a possible India-EAEU free trade agreement (FTA), Moscow has also been pushing for New Delhi to join the EAEU — currently consisting of Russia, Armenia, Belarus, Kazakhstan, and Kyrgyzstan. Such a move could open new trade opportunities between the South Asian and Eurasian regions via the International North-South Transport Corridor (INSTC) […]

Futures Hit All Time High On Trade, Virus Optimism

And just like that, US equity futures hit an all time high of 3,357.75 overnight on a combination of trade and virus optimism. Contracts on all main US equity indexes pointed to record highs and a fourth day of gains after China said it will lower levies on $75 billion of U.S. goods next week, likely satisfying […]

The week since the plan: Israel pushes annexation, trade war with PA, and attacks on Gaza

It’s been a whirlwind of a week in Palestine following the release of the Trump ‘Deal of the Century.’ While the backlash surrounding the plan has remained steady, with Palestinians continuing to protest and the local and international media focusing their coverage on the details of the proposal, a lot has happened in the week […]

US Annual Trade Deficit Shrinks For First Time In 6 Years

The US trade deficit increased in December after shrinking to its smallest since trump was elected in November… Source: Bloomberg Imports rose 2.7% in Dec. to $258.52b from $251.75b in Nov. Exports rose 0.8% in Dec. to $209.64b from $208.06b in Nov. This left the annual trade deficit at $616.755 billion – the first shrinkage […]

It’s a trap: Brussels’ barmy plan for Brexit Britain’s EU trade

A speech by the European Union’s top Brexit negotiator Michel Barnier this morning accompanied the publication of a 33-page shopping list describing everything the European Union would like from the United Kingdom. The obvious place to start is sovereignty. They’re demanding that the European Court of Justice will have a long-term role in overseeing the […]

US bars Iranians from trade and investment visas

Reuters – The United States, locked in a tense confrontation with Iran in the Middle East, has barred Iranians from entering the country on trade and investment visas from Thursday. U.S. Citizenship and Immigration Services attributed the change to the termination in October 2018 of a treaty of amity with Iran, which is the target […]

Kudlow calls China trade deal ‘historic’: Nothing like this has been done before

Source Article from Hits: 7

Trump’s Feeble Phase 1 China-US Trade Deal

With the announcement today, January 16, 2020 of the signing of the US-China Phase 1 ‘mini’ trade deal, and the US Senate’s simultaneous ratification of the USMCA ‘NAFTA 2.0’ trade agreement, Trump’s so-called ‘trade wars’ are at an end.  In election year 2020 nothing of additional significance will be achieved by Trump with regard to […]

"A Fragile Truce": Here’s What’s In Trump’s "Big Beautiful Monster" Of A Trade Deal

Earlier this month, President Trump referred to his ‘Phase 1’ trade pact as a “big, beautiful monster.” But for most of the trade hawks in his administration, it will likely be a disappointment – though hope remains for a more comprehensive ‘Phase 2’ pact after the election, assuming Trump wins a second term. Rather than […]

Phase 1 Trade Deal "Stops Bleeding," Does Not Resolve Trade War, Says US Chamber Of Commerce 

President Trump is expected to sign a Phase 1 trade agreement with China this week that “stops the bleeding” but is no resolution to the trade war, a senior U.S. Chamber of Commerce official said on Monday, quoted by Reuters. Reuters: Myron Brilliant, the chamber’s Executive Vice President, told a media briefings in the Chinese […]

Futures Jump On "Trade Optimism" As Phase 1 Deal Signing Looms

With the Fed’s liquidity deluge ongoing, stocks predictably are up on Monday and back to all time highs and since traders always need a “narrative” what better time to use the old standby “U.S. Stock-Index Futures Gain Amid Trade Optimism” (which is how Bloomberg “explained” the market action) especially since the signing of a Phase […]

Iraq is caught in the middle as Iran and US trade blows

BAGHDAD — For months, Iraqis have watched with deepening anxiety as tensions between Iran-backed militias and US forces soared, fearing their long-beleaguered country would turn into a battleground for direct and open conflict between America and Iran. Those fears were realized in the past week when a US airstrike killed top Iranian military commander, Gen. […]

Global Markets Soar To Record Highs On Trade War, World War Optimism

So much for the risk of a Iran-US conflict spilling over into World War 3, at least according to markets which soared yesterday after Trump refused to re-escalate the armed conflict with Tehran, and have continued to surge since. “Iran appears to be standing down, which is a good thing for all parties concerned and […]

Worst year for UK retail in 25 years – trade body

   Retail sales fell for the first time in 25 years last year, according to the leading UK retail industry body. The British Retail Consortium (BRC) said total sales fell 0.1%, marking the first annual sales decline since 1995. Sales in November and December were particularly weak, falling 0.9%, the BRC said. A separate report […]

US Trade Deficit Crashes To Smallest Since Trump Elected

The U.S. trade balance (deficit) narrowed in November to the smallest in three years as exports advanced amid a thaw in the trade war with China, while imports fell to the lowest since 2017. The overall U.S. deficit in goods and services shrank to $43.1 billion in November from $46.9 billion the prior month – the smallest […]

Trade Bust? China Won’t Increase Grain Import Quotas Despite Promise To Buy More American

China has pledged to increase more purchases of U.S. farm goods but never confirmed the exact amount for the phase one trade agreement. Han Jun, the vice-minister of agriculture and rural affairs, was quoted by Caixin on Tuesday as saying Beijing won’t increase its annual import quotas for wheat, corn, and rice, reported Reuters. This […]

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