Trade the news review

Here's a review of the latest news in the world of trade:

Top Stories:

1. US-China Trade Talks Resume: The US and China have resumed trade talks in Beijing, with both sides looking to make progress on a deal. The talks come after a 10-day hiatus, during which time the US imposed new tariffs on $300 billion worth of Chinese goods.
2. UK-EU Trade Talks Hit Snag: The UK and EU have hit a snag in their trade talks, with the EU refusing to budge on its demands for a "level playing field" in areas such as state aid and labor standards. The UK has warned that a no-deal Brexit is becoming increasingly likely if a deal is not reached.
3. US-Mexico Trade Deal Signed: The US and Mexico have signed a new trade deal, replacing the North American Free Trade Agreement (NAFTA). The deal, known as the US-Mexico-Canada Agreement (USMCA), aims to boost trade and investment between the two countries.
4. China's Trade Surplus Widens: China's trade surplus has widened to a record high, driven by a surge in exports to the US. The surplus has raised concerns about the impact on the global economy and the US-China trade war.
5. India's Trade Policy Review: The World Trade Organization (WTO) has launched a review of India's trade policies, amid concerns about the country's use of tariffs and other trade barriers. The review is expected to focus on India's recent trade policies, including its decision to impose tariffs on US goods.

Market Reaction:

• The US dollar has strengthened against major currencies, driven by the resumption of US-China trade talks and the signing of the US-Mexico trade deal.
• Global stock markets have been mixed, with the US and European markets rising while Asian markets fell.
• Oil prices have risen, driven by concerns about the impact of the US-China trade war on global demand.

Analysis:

• The resumption of US-China trade talks is a positive development, but it remains to be seen whether the two sides can reach a deal.
• The UK-EU trade talks are at a critical juncture, with the EU refusing to budge on its demands for a "level playing field".
• The US-Mexico trade deal is a positive development for the US and Mexico, but it remains to be seen whether it will have a positive impact on the global economy.
• China's trade surplus is a concern, but it is also a sign of the country's growing economic strength.

What's Next:

• The US-China trade talks are expected to continue in the coming days, with both sides looking to make progress on a deal.
• The UK-EU trade talks are expected to continue, with the EU refusing to budge on its demands for a "level playing field".
• The US-Mexico trade deal is expected to come into effect in the coming months, with both countries looking to boost trade and investment.
• China's trade surplus is expected to continue to be a concern, with the country's economic growth slowing in recent months.