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U.S. plans new trade pact with ‘like-minded partners,’ says senior official
Date: June 8, 2022
WASHINGTON (Reuters) – The Biden administration will press its competitive goals against China with the launch of a new trade pact in the Americas focused on “like-minded partners” with existing free trade agreements, a senior Biden administration official said on Wednesday. Washington, which has trade deals with Canada and Mexico, will use its new Americas...
Biden and bolsonaro to have awkward first meeting at americas summit
Date: June 8, 2022
By Lisandra Paraguassu and Anthony Boadle LOS ANGELES/BRASILIA (Reuters) – Brazilian President Jair Bolsonaro and his U.S. counterpart Joe Biden have never seen eye-to-eye, but they have agreed to an awkward, hastily arranged meeting in Los Angeles on Thursday for their own different motives. Biden reached out to Bolsonaro, a far-right populist, in a last-ditch...
Exclusive: Under biden, China has widened trade lead in much of latin america
Date: June 8, 2022
By Adam Jourdan, Marco Aquino and Matt Spetalnick BUENOS AIRES/LIMA/LOS ANGELES (Reuters) – China has widened the gap on the United States in trade terms in large swathes of Latin America since U.S. President Joe Biden came into office early last year, data show, underscoring how Washington is being pushed onto the back foot in...
Echoes throughout Europe – the impact of Brexit on Germany
Date: June 2, 2022
By Stewart Beer, Site Manager at Electrix International. When the UK voted to leave the European Union in 2016, it saw economic repercussions almost instantly. As the results from around the UK flooded in, the value of the pound suffered its biggest single-day slump in 31 years. This meant it was down over 7% against the...
U.S., Taiwan to launch trade talks after biden excludes island from Indo-Pacific group
Date: June 1, 2022
By David Lawder and Michael Martina WASHINGTON (Reuters) -The United States will launch new trade talks with Taiwan, U.S. officials said on Wednesday, just days after President Joe Biden launched an economic plan for Asia intended to push back on China that excluded the Chinese-claimed island. Washington and Taipei will “move quickly to develop a...
Kiribati focuses on trade not security for China visit to remote pacific island
Date: May 27, 2022
By Kirsty Needham SYDNEY (Reuters) -China’s foreign minister Wang Yi stopped over in Kiribati on Friday, visiting the remote island nation as part of a Pacific tour that Beijing hopes will lay ground for a regional trade and security pact, alarming the United States and its allies. Wang met with his counterpart and Kiribati president,...