Trade news

Here are some recent trade news updates:

US-China Trade Talks

• The US and China have agreed to a "Phase One" trade deal, which includes a reduction in tariffs and increased purchases of US goods by China. The deal is expected to be signed in the coming weeks. (Source: Bloomberg)
• The US has delayed a planned increase in tariffs on $250 billion worth of Chinese goods from 25% to 30%. (Source: CNBC)

US-Mexico-Canada Trade Agreement (USMCA)

• The USMCA has been ratified by the US Congress, marking a major milestone in the trade agreement. (Source: Reuters)
• Mexico has ratified the USMCA, making it the third country to do so after the US and Canada. (Source: Bloomberg)

Brexit and Trade

• The UK and EU have agreed on a trade deal that will allow for tariff-free trade in goods and services. (Source: BBC)
• The UK has signed a trade deal with Japan, which will reduce tariffs on goods such as cars and whisky. (Source: The Guardian)

Other Trade News

• The US has imposed tariffs on $7.5 billion worth of European Union goods in response to a WTO ruling over subsidies to Airbus. (Source: Reuters)
• The US and South Korea have agreed to a new trade deal that will reduce tariffs on goods such as cars and electronics. (Source: Yonhap News Agency)
• The US has launched an investigation into China's intellectual property practices, which could lead to new tariffs. (Source: The Wall Street Journal)

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)