The U.S. has vowed to relegate the World Trade Organization to only a limited role in global trade policy, following the breakdown of talks at recent ministerial meetings, if the body fails to reinstitute a moratorium on e-commerce duties.
U.S. vows to seek WTO alternatives after Cameroon talks break down
U.S. urges WTO members to rethink core tariff rule in face of China threat
The Trump administration on Monday urged World Trade Organization members to rethink the body’s core principle of “Most Favored Nation” bound tariff rates, arguing in a new position paper that this has led to discriminatory practices and imbalanced trade, including with China.
U.S., China discuss farm goods, managed trade in ‘remarkably stable’ Paris talks, sources say
Top U.S. and Chinese economic officials held “remarkably stable” talks in Paris on Sunday that touched on potential areas of agreement in agriculture, critical minerals and managed trade for U.S. President Donald Trump and Chinese President Xi Jinping to consider in Beijing, two sources familiar with the talks said.
U.S., Canada to meet in coming weeks on trade, Greer says
U.S. and Canadian trade officials spoke on Wednesday and plan to meet in coming weeks, U.S. Trade Representative Jamieson Greer said, adding that the Trump administration was open to their ideas on how to reach an agreement.
New U.S. tariffs start at 10 per cent, Trump administration working to hike them to 15 per cent
The United States began collecting a temporary new 10 per cent global import tariff on Tuesday but the Trump administration was working to increase it to 15 per cent, a White House official said, sowing confusion over President Donald Trump’s tariff policies in the wake of last week’s Supreme Court defeat.
China to buy 12 million metric tons of soybeans this season, Bessent says
U.S. Treasury Secretary Scott Bessent said on Thursday that China has agreed to buy 12 million metric tons of American soybeans during the current season through January and has committed to buying 25 million tons annually for the next three years as part of a larger trade agreement with Beijing.
Trump’s higher tariffs hit major US trading partners, sparking defiance and concern
Higher tariffs likely to impact global supply chains and inflation
U.S. President Donald Trump's higher tariffs on imports from dozens of countries kicked in on Thursday, raising the average U.S. import duty to its highest in a century and leaving major trade partners such as Switzerland, Brazil and India hurriedly searching for a better deal.
Trump cuts off US trade talks with Canada, shattering optimism over tariff deals
U.S. President Donald Trump abruptly cut off trade talks with Canada on Friday over its tax targeting U.S. technology firms, saying that it was a "blatant attack" and that he would set a new tariff rate on Canadian goods within the next week.
US signals willingness to de-escalate trade war with China
Soybean futures jump on hopes of lower trade barriers
U.S. Treasury Secretary Scott Bessent said on Wednesday that high tariffs between the United States and China are not sustainable, as President Donald Trump's administration signaled openness to de-escalating a trade war between the world's two largest economies that has raised fears of recession.
Canada, Mexico not subject to new global rates as Trump announces new tariffs
Trump says he will impose 10 per cent tariff on all imports, with higher rates for some
President Donald Trump said on Wednesday that he would impose a 10 per cent baseline tariff on all imports to the United States and higher duties on dozens of the country’s biggest trading partners.