The United States and France are racing to reach a compromise in a digital tax dispute that could result in hefty American tariffs on French wine, cheese, handbags, cookware and more. The French finance minister, said that he had spoken with Steven Mnuchin, the Treasury secretary, about a new French tax on Facebook, Google and other American technology giants. The tax ...

A Japan-U.S. trade agreement entered into force, immediately cutting tariffs on American farm products and a variety of Japanese industrial goods excluding passenger cars and auto parts. The same day, a separate bilateral pact setting digital trade rules also took effect. The two agreements are aimed at promoting free trade between the two economies, which together account for about 30 percent of ...

The United States-Mexico-Canada Agreement was passed with a bipartisan vote of 385-41, which was agreed by Speaker of the House, Nancy Pelosi and Trump. The new deal replaces the North American Free Trade Agreement, and tariffs on most agricultural products between the three countries remained at zero. The deal imposes stricter labor and environmental enforcement provisions and opens up more agricultural trade ...

A newly approved U.S.-Japan trade deal is being called a win for farmers. The agreement will lower tariffs for U.S. beef and pork exports and completely eliminate tariffs for other agricultural goods. Japan’s Parliament approved the deal Dec. 4, after being agreed upon by President Donald Trump and Japanese Prime Minister Shinzo Abe in September. It’s being lauded by U.S. ...

Vietnam is considering cutting tariffs on several American products, the Ministry of Finance said in a statement recently, after U.S. Commerce Secretary Wilbur Ross urged Vietnam to reduce its trade surplus during a visit to Hanoi last month. Tariffs on chicken and processed chicken meat, almonds, grapes, wheat, pork, and potatoes are all earmarked for reductions; in order to re-balance ...

U.S President Donald Trump said the trade deal with China may be delayed. As a result, stocks in Asia traded low. Australian shares, which experienced a growth in its economy in September, also experienced losses in major markets. Similarly Japan, South Korea and Mainland Chinese stocks tumbled down marginally. Investors were anticipating a breakthrough in the trade deal between China and ...

Vietnam has seen an influx of economic activity as companies seek to avoid tariffs on Chinese imports. U.S. companies that do business overseas are looking to diversify their business because of uncertainty about the U.S. relationship with China. Vietnam’s exports to the United States were 35% higher in the first nine months of 2019 compared to the first nine months ...

European policy makers and companies should focus on internal growth apart from FTA. Protection of interests is essential in the wake of the ongoing trade wars. In order to reduce dependency, Europe should concentrate on internal markets. The European domestic market was neglected since a very long time and this approach needs to change. U.S. President Donald Trump withdrew from ...

Farmers experienced huge loss as a result of the trade war when Beijing imposed tariffs on a variety of U.S. agricultural products, including soybeans, corn and pork. In some cases, the Chinese market evaporated for American exporters, resulting in tumbling commodity prices, and big losses for U.S. farmers. To make up for some of these losses, the Trump administration has ...

The ongoing trade war seems to be reaching some breakthrough with negotiators from US and China trying to arrive at an interim deal. The Chinese Ministry of Commerce revealed that once the agreement is signed, both the countries may agree to eliminate the additional tariffs in a phased manner. Extensive discussions to end the trade war between US and China ...