International trade news
Here are some recent international trade news stories:
Tariffs and Trade Wars
- The United States and China have agreed to a "Phase One" trade deal, which includes a reduction in tariffs on some Chinese goods and increased Chinese purchases of US agricultural products. (Source: Bloomberg)
- The US has imposed tariffs on $7.5 billion worth of European Union goods, including wine, cheese, and aircraft, in response to EU subsidies for Airbus. (Source: Reuters)
- The US and Japan have reached a deal to reduce tariffs on certain agricultural products, including beef and pork. (Source: CNBC)
Brexit and the UK Economy
- The UK and EU have agreed on a revised Brexit deal, which includes a transition period and a commitment to avoid a hard border in Northern Ireland. (Source: BBC)
- The UK's Office for National Statistics has reported that the country's economy contracted by 0.1% in the third quarter, amid uncertainty over Brexit. (Source: The Guardian)
Global Trade Trends
- The World Trade Organization (WTO) has reported that global trade growth slowed to 1.7% in 2019, down from 3.6% in 2018. (Source: WTO)
- The International Monetary Fund (IMF) has warned that global trade tensions could lead to a recession, and has called for countries to work together to resolve their differences. (Source: IMF)
Regional Trade Agreements
- The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has come into effect, reducing tariffs and increasing trade between its 11 member countries. (Source: CPTPP)
- The United States, Mexico, and Canada have signed a new trade agreement, replacing the North American Free Trade Agreement (NAFTA). (Source: US Trade Representative)
Trade Disputes
- The US has imposed tariffs on $2.4 billion worth of French goods, including wine and cheese, in response to France's digital services tax. (Source: CNN)
- The US and Vietnam have reached a deal to resolve a trade dispute over Vietnam's steel and aluminum exports. (Source: Bloomberg)
Economic Indicators
- The International Monetary Fund (IMF) has reported that global economic growth slowed to 3.3% in 2019, down from 3.6% in 2018. (Source: IMF)
- The World Bank has reported that global poverty rates have declined to 7.2% in 2018, down from 35.9% in 1990. (Source: World Bank)
These are just a few examples of recent international trade news stories. If you're looking for more information or specific updates on a particular topic, feel free to ask!