Canada removing tariffs on US goods compliant with free trade deal
Canada will remove all tariffs on US goods that are compliant with the existing North American free trade agreement, Prime Minister Mark Carney said Friday, matching exemptions affirmed earlier this month by Washington. President Donald Trump called the move “nice.” Speaking to reporters a day after a lengthy call with Trump, Carney said Canada has […]
EU defends Trump trade deal facing backlash
The European Union on Monday vehemently defended its trade deal with President Donald Trump, with EU capitals and businesses sharply divided on an outcome some branded a “capitulation”. “I’m 100 percent sure that this deal is better than a trade war with the United States,” top EU trade negotiator Maros Sefcovic told journalists. European Commission […]
U.S. trade deficit widens in May as Trump tariffs fuel uncertainty
The US trade deficit widened more than expected in May, with both imports and exports declining as US President Donald Trump’s tariffs sent shock waves through the economy and snagged supply chains. Trade data published Thursday showed the world’s biggest economy logged an overall trade gap of $71.5 billion, in the month after Trump imposed […]
Indonesia palm oil firms eye new markets as US trade war casts shadow
Indonesian palm oil companies are seeking new markets in Europe, Africa and the Middle East as they try to protect themselves from the impact of Donald Trump’s trade war, a top industry executive told AFP. Indonesia is the world’s biggest producer of the edible oil — used in making foods such as cakes, chocolate, and […]