From CNBC China’s trade surplus with the U.S. — closely watched amid a bitter trade dispute between the two countries — grew 17 percent from a year ago to hit $323.32 billion in 2018. According to Reuters, that’s the highest on record dating back to 2006. Exports to the U.S. rose 11.3 percent on-year in 2018, while imports from the
From Middle East Eye Agency Iraq’s foreign minister has said that his country is “not obliged” to abide by sanctions imposed by the US against Iran and would be pursuing options to continue trade. On 20 December, the US granted Baghdad a 90-day extension to a waiver on abiding by the sanctions that were reimposed on the Islamic republic in
From Bloomberg News /AJOT China will remove the retaliatory duty on automobiles imported from the U.S. for three months in an effort to defuse trade tensions with the world’s biggest economy. The 25 percent tariff it imposed in a tit-for-tat measure will be scrapped starting Jan. 1, the finance ministry said Friday. Earlier this week, Bloomberg News reported that China was
From The Wall Street Journal The trade truce between the U.S. and China calms their economic battle and opens a brief window for the two nations to explore whether they can bridge deep divides on a range of difficult disputes. After a weekend dinner between President Trump and Chinese President Xi Jinping at a Group of 20 summit here, the
Worldwide, government policy decisions will be prime determinant of world’s energy direction In a new report, the International Energy Agency outlines new scenarios regarding fuels use and supply and demand, saying government policy decisions will determine what happens in the energy space, and that to meet global energy demand, investment in new supply of $2 trillion per year will be
Canada exported about $545 billion of goods and $110 billion in services in 2017 — and most of it went to the U.S. From the Financial Post After the near collapse of NAFTA, Canadians learned a lesson. With our trade tied overwhelmingly to the largest economy in the world, a lack of alternative markets means we are behind the eight
From the Los Angeles Times The Trump administration has reached a deal with Mexico on a rewrite of the North American Free Trade Agreement, but the two sides now need a quick buy-in from Canada, which is expected to return to the bargaining table but still has significant issues with some of President Trump’s demands. The preliminary agreement with Mexico,
U.S. trade deficit grows by $6.5 billion The U.S. trade deficit increased by $6.5 billion to $48.3 billion in August from July, according to the U.S. Census Bureau. August exports were $185.1 billion, $3.7 billion less than July, and imports were $233.4 billion, $2.8 billion more than July imports. The export of goods from the U.S. decreased by $4.1 billion
Russian ambassador in Denver to increase understanding between the U.S. and Russia At a private event in Denver on Tuesday, Sergey Kislyak, Russia’s ambassador to the United States, expressed his hopes that tensions that have existed between the U.S. and Russia since the Cold War might one day be ended in earnest. U.S.-Russian relations are at a low-point currently, the
