Trade News Updates

Government, Business, Logistics

China to Speed US Farm Purchases After Secretive Hawaii Talks

China plans to accelerate purchases of American farm goods to comply with the phase one trade deal with the U.S. following talks in Hawaii this week.

June 19, 2020
Government, Business, Fuel

US Slaps Sanctions on Mexican Companies Helping Venezuelan Oil

The U.S. Treasury Department levied sanctions on Mexican trading company Libre Abordo SA de CV for buying Venezuelan oil via oil-for-humanitarian-aid agreements with the embattled country.

June 19, 2020
Government, Business, Safety

US Borders With Mexico, Canada to Stay Closed, Except for Essential Traffic

Officials in Washington, Ottawa and Mexico City say the border closings to nonessential travel between the U.S. and its northern and southern neighbors will remain in place for at least another month. The borders have been closed to slow the spread of the coronavirus.

June 18, 2020
Government, Business

China Behind on Purchases in Phase One of Trade Deal

President Donald Trump’s promise that his phase one trade deal with China would provide a $36.5 billion election-year bonanza for his rural base was always a stretch. Now it looks like it may never be fulfilled.

June 5, 2020
Government, Business, Logistics

US Says Hong Kong’s Autonomy Is Gone

The U.S. has certified that Hong Kong is no longer politically autonomous from China, a move that could have far-reaching consequences on the former British colony’s special trading status with the U.S., Secretary of State Michael Pompeo said.

May 27, 2020
Government, Business, Safety

US Extends Border Closings With Canada, Mexico; Trucking Remains Exempt

U.S. and Canadian officials reached an agreement to keep the 5,525-mile border closed to nonessential traffic until June 21.

May 19, 2020
Government, Business

US Trade Plummeted in March With Record Drop in Exports

U.S. exports of goods and services plunged in March by a record and imports declined by the most in 11 years as the coronavirus pandemic stymied trade and travel.

May 5, 2020
Government, Business

US Trade Deficit Narrows to $45.3 Billion in January

WASHINGTON — The U.S. trade deficit narrowed in January as exports fell but imports fell more. The politically sensitive trade gap with China widened.

March 6, 2020
Government, Business

Trump Says China Trade Signing Set for Jan. 15

President Donald Trump said he will sign the first phase of a trade deal with China on Jan. 15, sealing an agreement that sees the Asian nation raising purchases of American farm goods in exchange for lower tariffs on some of its products. The date has yet to be confirmed by the Chinese side.

January 2, 2020
Government, Business

Trump’s Trade Deal ‘In the Bag,’ Adviser Peter Navarro Says

The White House’s leading China hawk, trade adviser Peter Navarro, said Dec. 30 that a preliminary trade deal with Beijing is completed.

December 30, 2019