Latest trade news

Here are some of the latest trade news updates:

US-China Trade Talks

• The US and China have agreed to roll back some tariffs as part of a phase one trade deal, but the exact terms are still being finalized. (Source: Bloomberg)
• The US has delayed a planned increase in tariffs on $250 billion worth of Chinese goods from 25% to 30%. (Source: CNBC)

USMCA (US-Mexico-Canada Agreement)

• The US, Mexico, and Canada have reached a deal to modernize the North American Free Trade Agreement (NAFTA), which will replace it with the USMCA. (Source: Reuters)
• The USMCA is expected to come into effect on July 1, 2020. (Source: CNN)

Brexit and Trade

• The UK and EU have agreed on a revised Brexit deal, which includes a new trade agreement. (Source: BBC)
• The UK is expected to leave the EU on January 31, 2020, and enter a transition period that will last until December 31, 2020. (Source: The Guardian)

Other Trade News

• The US has imposed tariffs on $7.5 billion worth of European Union goods in response to a World Trade Organization (WTO) ruling in favor of the US in a dispute over aircraft subsidies. (Source: The Hill)
• The US and Japan have agreed to a new trade deal that will reduce tariffs on certain agricultural products and increase access to each other's markets. (Source: The Japan Times)
• The US and South Korea have agreed to a new trade deal that will reduce tariffs on certain agricultural products and increase access to each other's markets. (Source: Yonhap News Agency)

Trade War Impact

• The ongoing trade war between the US and China has had a significant impact on global trade, with many countries experiencing a decline in exports. (Source: The Economist)
• The trade war has also led to a surge in global uncertainty, with many businesses and investors holding off on major decisions until the outcome of the trade talks is clearer. (Source: Financial Times)