International Trade

US defense chief says influence at risk without Asia trade pact

Reuters | April 06, 2015 | International Trade

U.S. Secretary of Defense Ash Carter threw his weight behind the Obama administration's bid to clear the way for a pan-Pacific trade pact, arguing that time was running out and that without a deal, U.S. influence and Asia-Pacific stability were at risk. Read More »

China Premier Li calls for ‘quality’ equipment exports

Reuters | April 06, 2015 | International Trade

Chinese manufacturers should shift the focus to quality from quantity in equipment exports and expand joint production overseas, to boost efficiency in the slowing economy, said a report carried on a government site citing Premier Li Keqiang. Read More »

US trade deficit lowest since 2009, ports dispute likely a factor

Reuters | April 04, 2015 | International Trade

The U.S. trade deficit in February fell sharply to its lowest level since 2009, likely as a labor dispute at one of the country's main ports depressed both imports and exports. Read More »

US trade office says Chinese laws may breach WTO rules

Reuters | April 04, 2015 | International Trade

China's bank technology restrictions and a draft anti-terrorism law may run counter to the country's international trade commitments, the U.S. Trade Representative said in a report released. Read More »

US to release new trade report in time for first GDP estimate

Reuters | April 04, 2015 | International Trade

U.S. data on goods trade will be split off into a separate monthly report allowing three months of trade statistics to be included in advance estimates of quarterly gross domestic product, the Bureau of Economic Analysis and the Census Bureau said. Read More »

Canada trade deficit shrinks unexpectedly as oil price steadies

Reuters | April 04, 2015 | International Trade

Canada's trade deficit unexpectedly shrank to C$984 million ($781 million) in February from C$1.48 billion in January as energy exporters benefited from stabilizing oil prices, Statistics Canada data showed. Read More »

US expects Congress to pass fast-track trade bill within next month

Reuters | April 04, 2015 | International Trade

The United States expects the trade promotion authority (TPA) legislation, which is seen as an important step to speed free trade deals, will be passed by the Congress over the next month, a U.S. official said. Read More »

Pfizer to shutter vaccines sales business in China

Reuters | April 04, 2015 | International Trade

U.S. drugmaker Pfizer Inc said it will cease its vaccines sales operations in China after an import licence for one of its top-selling treatments, the only vaccine it sold in the country, was not renewed. Read More »

Ford China joint venture acquires factory in $1.1 billion deal

Reuters | April 04, 2015 | International Trade

Ford Motor Co's joint venture with Chongqing Changan Automobile Co Ltd will takeover and upgrade a factory in northeast China in a 6.6 billion yuan ($1.1 billion) deal, a company spokeswoman said. Read More »

Automakers profit from luxury models, North America, China

Reuters | April 04, 2015 | International Trade

The world's biggest automakers increasingly are making money by producing luxury models and reaping profits in China and North America, management consulting firm McKinsey & Co said in a report issued. Read More »

GM says Korea labor costs have surged, but has no plans to exit

Reuters | April 04, 2015 | International Trade

General Motors Co (GM) said its labor costs have risen nearly 50 percent over the past five years in South Korea, where it makes nearly one-fifth of its global output, but that it does not plan to shut any of its four plants there. Read More »

EU cannot maintain protection against Chinese imports

Reuters | April 04, 2015 | International Trade

European fears of being forced to lower tariff defenses against cheap Chinese imports have grown following a confidential warning from the EU's own lawyers, who say the bloc should not ignore changes to global trade rules set to favor Beijing. Read More »

Why Brazil has a big appetite for banned pesticides

Reuters | April 04, 2015 | International Trade

The farmers of Brazil have become the world’s top exporters of sugar, orange juice, coffee, beef, poultry and soybeans. They’ve also earned a more dubious distinction: In 2012, Brazil passed the United States as the largest buyer of pesticides. Read More »

Myanmar’s trade deficit jumps 88% in fiscal 2014/15

Reuters | April 04, 2015 | International Trade

Myanmar's trade deficit jumped 88 percent in the fiscal year that ended on March 31, driven by rapid economic expansion in the formerly military-ruled country, state media and a Commerce Ministry official said. Read More »

South Korea March exports to EU, China fall; shipments to US rise

Reuters | April 04, 2015 | International Trade

South Korean exports to the European Union fell 9.7 percent in March from a year earlier, the third straight month of declining shipments to the bloc, government estimates showed. Read More »

Production resumes after rare factory strike in Vietnam

Reuters | April 04, 2015 | International Trade

Production resumed at a major footwear factory in Vietnam after a rare six-day strike in a country aggressively courting investment for one of Asia's fastest-growing manufacturing centres. Read More »

US, Japan have “significant gaps” on auto market access

Reuters | March 31, 2015 | International Trade

Acting Deputy U.S. Trade Representative Wendy Cutler said that "significant gaps" in the trade negotiations remain between the United States and Japan regarding access for U.S. automobiles in the Japanese market. Read More »

China’s WH Group sees US pork imports rising despite slower demand

Reuters | March 31, 2015 | International Trade

Chinese pork giant WH Group will increase imports from top exporter the United States this year, with U.S. prices around half those in China, Chairman Wan Long said. Read More »

Tesla CEO Musk’s upbeat tweets about China

Reuters | March 31, 2015 | International Trade

Elon Musk, the widely followed chief executive of electric car maker Tesla Motors Inc, tweeted several optimistic statements about the company's sagging China operations, sparking a sharp rebound the company's stock. Read More »

Ford revives the Lincoln Continental, aims at US and China

Reuters | March 31, 2015 | International Trade

Ford Motor Co will resurrect the Lincoln Continental as its top-of-the line luxury sedan, betting the classic name will help rebuild the brand's image in the United States and China. Read More »