South Korea to remove Japan from preferred trade list
SEOUL, South Korea (AP) — South Korea said Monday that it has decided to remove Japan from a list of nations receiving preferential treatment in trade in what was seen as a tit-for-tat move...
ISLAMABAD (AP) — The political crisis over the disputed territory of Kashmir escalated Wednesday when Pakistan said it would downgrade its diplomatic ties with India, expel the Indian ambassador...
LONDON (AP) — The latest on Boris Johnson officially becoming Britain's new prime minister (all times local):
Australia's prime minister has congratulated Boris Johnson and...
BANGKOK (AP) — Shares were mixed early Monday in Asia in the absence of fresh news on the tariffs standoff between the U.S. and China.
U.S. markets will be closed for the Memorial Day...
Trump upbeat on potential for US-Japan trade deal
WASHINGTON (AP) — President Donald Trump expressed confidence Friday that a bilateral trade deal between the U.S. and Japan can be reached quickly despite ongoing differences over tariffs as he...
ANKARA, Turkey (AP) — Turkey's trade minister says a U.S. decision to end a preferential trade program with Turkey is inconsistent with the two countries' aim to increase annual bilateral trade to...
White House calls detentions of Canadians in China unlawful
TORONTO (AP) — The White House is calling the detentions of two Canadians in China unlawful and Canadian Prime Minister Justin Trudeau and President Donald Trump have agreed to continue to seek their release, officials said Monday.
China grabbed the Canadians in apparent retaliation for the arrest of a top Chinese tech executive last month. Trudeau spoke to Trump in a phone call Monday.
US Ambassador: Major trade deal with UK may not be possible
LONDON (AP) — The U.S. ambassador to Britain has cast doubts on whether a major bilateral trade deal can be reached if Parliament approves the Brexit proposal from Prime Minister Theresa May.
Robert "Woody" Johnson told BBC radio Monday that negotiating a "quick" and "massive" trade deal between the two longtime allies "doesn't look like it would be possible" under the terms of May's proposed deal with the European Union.
Pence, Abe agree on North Korea sanctions, new trade talks
TOKYO (AP) — U.S. Vice President Mike Pence and Japanese Prime Minister Shinzo Abe on Tuesday reaffirmed the need to keep sanctions on North Korea to achieve its denuclearization as they showcased their bilateral alliance, while Pence also urged Japan to do more to reduce the U.S. trade deficit.
Pence and Abe also agreed to deepen cooperation in promoting energy, infrastructure and providing loans to nations in the region.
Pence in Japan to discuss trade, N. Korea before summits
TOKYO (AP) — U.S. Vice President Mike Pence arrived in Tokyo on Monday to discuss North Korea and other issues with Japanese officials before heading to two regional summits.
Pence is expected to also discuss China's growing regional influence and bilateral trade with Japanese Prime Minister Shinzo Abe when they meet Tuesday, officials said.
Asian shares rebound on strong US economic data
SINGAPORE (AP) — Asian markets rebounded on Friday as strong U.S. economic data supported the Federal Reserve's decision to raise interest rates.
KEEPING SCORE: Hong Kong's Hang Seng index added 0.6 percent to 27,875.17. The Shanghai Composite Index gained 0.8 percent to 2,814.46. Australia's S&P ASX 200 was 0.5 percent higher at 6,213.20. South Korea's Kospi bucked the regional trend, losing 0.4 percent to 2,347.19. Shares fell in Taiwan but rose in Singapore, Indonesia and the Philippines.
US, Japan agree to negotiate a free trade agreement
UNITED NATIONS (AP) — The United States and Japan announced Wednesday they will open negotiations on a bilateral trade agreement between the world's first- and third-largest economies.
It's a significant shift by Tokyo which has been a strong advocate of a multi-nation trans-Pacific trade pact that President Donald Trump withdrew from soon after taking office. The move won Japan relief from the immediate threat of punitive tariffs on its auto exports to the U.S.
Poland’s president visits Australian capital and Parliament
CANBERRA, Australia (AP) — Poland's president met with Australian leaders Monday on a visit focused on security and trade.
President Andrzej Duda met Prime Minister Malcolm Turnbull and opposition leader Bill Shorten at Parliament House before laying a wreath at the Australian War Memorial.
Duda began his Australian visit in Sydney on Thursday and will leave Melbourne on Tuesday.
TOKYO (AP) — The European Union and Japan signed a landmark deal on Tuesday that will eliminate nearly all tariffs on products they trade.
The ambitious pact signed in Tokyo runs counter to President Donald Trump's moves to hike tariffs on imports from many U.S. trading partners. It covers a third of the global economy and markets of more than 600 million people.
NEW DELHI (AP) — India and South Korea are expanding their business ties with an aim to increase bilateral trade to US $50 billion by 2030, the two countries' leaders said Tuesday.
Visiting South Korean President Moon Jae-in and Indian Prime Minister Narendra Modi urged their business communities to step up investments and promote joint ventures.
WASHINGTON (AP) — The Latest on U.S. trade policies (all times local):
President Donald Trump says he wouldn't mind seeing the North American Free Trade Agreement replaced by two separate, bilateral trade deals with Canada and Mexico.
Trump tells reporters of America's neighbors: "these are two very different countries."
He says NAFTA has been "a very lousy deal" for the U.S. and says, "they're our allies but they take advantage of us economically."
PALM BEACH, Fla. (AP) — The Latest on President Donald Trump and Japanese Prime Minister Shinzo Abe (all times local):
President Donald Trump says he would prefer a bilateral trade deal with Japan instead of rejoining an 11-nation Pacific Rim trade pact.
But Trump says if he's offered "a deal we can't refuse," he would be willing to re-enter the Trans-Pacific Partnership.
- The Washington TimesTrump arrives in Japan, toasts business leadersMay 25, 2019
- Columbus TelegramRicketts says trade mission to Mexico strengthened relationshipsFebruary 20, 2019
- San Antonio Express-NewsTrade agreement has to include CanadaSeptember 1, 2018
- The Washington TimesDonald Trump: Top economies should drop all tariffsJune 9, 2018
Vietnam and Indonesia vow to settle fishing violations
HANOI, Vietnam (AP) — Vietnam and Indonesia have pledged to work together to resolve fishing violations in the South China Sea as the two countries seek to boost their bilateral trade.
Indonesian Foreign Minister Retno Marsudi, speaking to reporters Tuesday at a joint briefing with his Vietnamese counterpart, said the two countries would strengthen their partnership, cooperating particularly on fishing and other maritime issues.
(The Conversation is an independent and nonprofit source of news, analysis and commentary from academic experts.)
Marc-William Palen, University of Exeter
(THE CONVERSATION) A bilateral trade war appears to be in full swing.
HANOI, Vietnam (AP) — Vietnam and South Korean aim to substantially increase their bilateral trade during President Moon Jae-in's three-day visit to the Southeast Asian country.
South Korea has become Vietnam's largest foreign investor and second-biggest trading partner since diplomatic relations were established in 1992. Bilateral trade stood at $61.5 billion last year.
Slovenia supports Romania joining Schengen, trade group
BUCHAREST, Romania (AP) — Slovenia's foreign minister says his country supports Romania joining the Schengen passport-free travel zone and the Organization for Economic Cooperation and Development.
Karl Erjavec said Romania had fulfilled the conditions to join both organizations, of which Slovenia is already a member. The OECD is an intergovernmental organization dedicated to boosting trade.
Responding to Trump, China says never sought trade surplus
BEIJING (AP) — Responding to remarks by U.S. President Donald Trump, a Chinese spokeswoman on Thursday said the country never intentionally sought a trade surplus with the United States and that some frictions are inevitable.
Trump on Wednesday said the U.S. trade deficit with China was "through the roof," calling it "so big and bad that it's embarrassing saying what the number is."
Gov. Pete Ricketts on Wednesday urged the Trump administration to negotiate a bilateral trade agreement with Japan following news that U.S. frozen beef exports to Japan have declined by 26 percent.
Shortly after taking office in January, President Donald Trump withdrew the United States from the Trans-Pacific Partnership trade agreement and Japan, which had been a trade partner in TPP, subsequently raised its tariff on frozen beef from the United States by 50 percent in July.
Russia’s Putin visits Turkey as ties between nation’s deepen
ANKARA, Turkey (AP) — Russian President Vladimir Putin visited Turkey on Thursday for talks with President Recep Tayyip Erdogan that focused on the situation in Iraq and Syria along with bilateral trade.
Putin's visit came as Turkey and Russia are working to deepen ties in a turnaround for the two nations, which have backed opposing sides in Syria and nearly came to blows over Turkey's downing of a Russian plane in 2015.
Governor urges Japanese to enter into bilateral trade discussions with Trump Administration
LINCOLN - The United States is not returning to the Trans Pacific Partnership. That was the message from Gov. Pete Ricketts to Japanese government and business officials earlier this month during a nearly week-long visit to Japan.
Ricketts told News Talk WJAG that he urged Japanese officials to be part of bilateral talks with the members of the Trump Administration.
UK PM, Trudeau say Canada-EU deal a ‘basis’ for new talks
TORONTO (AP) — Prime Ministers Theresa May of Britain and Justin Trudeau of Canada said Monday their countries are working toward a new bilateral trade deal for after the United Kingdom's departure from the European Union.
Both leaders said the template for a deal would be the Comprehensive Economic Trade Agreement, which comes largely into effect this week between Canada and the European Union.
S. Korea says no to US request to discuss renegotiating FTA
SEOUL, South Korea (AP) — South Korea's top trade negotiator said Tuesday that Seoul will not discuss renegotiation of the free trade agreement with the U.S. without first looking into what is really causing the U.S. trade imbalance.
SCOTTSBLUFF — Japan’s government announced Friday that starting Aug. 1, it would be raising its tariff on imported frozen beef from 38.5 percent to 50 percent, sparking a stream of protest from politicians and beef export industry leaders.
WASHINGTON — U.S. Agriculture Secretary Sonny Perdue said he is concerned about a sharp tariff increase on frozen U.S. beef that Japan says it will trigger on Tuesday.
LINCOLN - Gov. Pete Ricketts has scheduled another trade mission to Japan this fall and for good reason.
Japan is the largest foreign investor in Nebraska and is also the state’s third-largest trading partner.
During his monthly radio call-in show, a caller asked about the upcoming trip and Ricketts explained that the Nebraska delegation will encourage Japanese officials to work with the Trump Administration on bilateral trade agreements.
WASHINGTON (AP) — The businessman in line to be American ambassador to Japan said Thursday that he was optimistic about reaching a deal with Japan that could mean equal or better results than the Asia-Pacific agreement that President Donald Trump pulled the United States out of after taking office.
LINCOLN, Neb. (AP) — Gov. Pete Ricketts is touting Nebraska's trade relationship with Mexico as the Trump administration prepares for new talks with Mexico and Canada over the North American Free Trade Agreement.
Ricketts said Tuesday that NAFTA plays a crucial role for Nebraska's corn producers and helps support an estimated 34,000 jobs in the state.
SEOUL, South Korea (AP) — Contradicting U.S. President Donald Trump, South Korea said Friday it has no plan to renegotiate a bilateral trade deal with the U.S., or to pay for the U.S. missile defense system being deployed on its territory.
Japan says Pacific Rim pact offers best trade deals
TOKYO (AP) — Japanese officials are indicating Tokyo intends to pursue the Trans-Pacific Partnership trade pact despite the U.S. withdrawal from the agreement.
In comments reported by the national broadcaster NHK on Thursday, Deputy Prime Minister Taro Aso said he believed the TPP trade talks would offer greater advantages to Japan than bilateral negotiations with the U.S.
Aso made the comments at a conference in New York City.
Norwegian PM going to China as ties normalize
COPENHAGEN, Denmark (AP) — Norway's prime minister said Friday she will travel to China next week to meet President Xi Jinping, as part of repairing ties more than six years after Beijing froze Oslo out over the Nobel Peace Prize award to an imprisoned Chinese dissident.
Erna Solberg says she is "happy that we now normalize our diplomatic and political relations with China."
The United Kingdom will continue to be an important trade and investment partner for Massachusetts after it leaves the European Union, particularly as the prospect looms for a new bilateral trade deal between the United States and Great Britain, experts say.
The U.K. was Massachusetts’ sixth largest market last year for exports, which totalled almost $1.6 billion in manufactured goods.
SYDNEY (AP) — China's premier attended an Australian football game with the country's prime minister on Saturday, wrapping up a visit Down Under aimed at boosting bilateral ties and expanding trade between the two nations.
Chinese Premier Li Keqiang and Australian Prime Minister Malcolm Turnbull took a break from trade discussions to kick back at the Australian Football League match in Sydney.
BEIJING (AP) — China hopes Australia will continue to look beyond the countries' ideological differences and focus on bilateral business ties and other forms of cooperation, a senior Chinese official said Tuesday.
Vice Foreign Minister Zheng Zeguang was responding to comments by Australian Foreign Minister Julie Bishop earlier this month that China can only reach its full economic potential if it embraces democracy.
Israeli prime minister hopes to triple trade with Australia
SYDNEY (AP) — Israeli Prime Minister Benjamin Netanyahu said Thursday that he hoped to triple bilateral trade with Australia as the countries forge closer technology and aviation ties.
Bilateral trade is currently worth about $1 billion a year, with Israel sending less than 1 percent of its exports Down Under and Australian products accounting for just 0.3 percent of Israel's imports.