TRADE AGREEMENTS

Grading Trump’s China trade deal: F

Wide view of a container marine terminal with cranes, containers and trucks on a sunny day.

Former President Donald Trump claimed his strong tariffs forced the Chinese government in December 2019 to make a trade deal headlined by $200 billion in annual commitments to purchase U.S. exports. The reality: China ended up buying none of the promised goods and the trade war did little to change China’s economic policymaking while hurting the U.S. economy.

That’s the verdict of Chad Bown, senior fellow at the Peterson Institute for International Economics. 

His analysis of new Commerce...

https://www.freightwaves.com/news/grading-trumps-china-trade-deal-f

Canada, UK reach transitional trade agreement

Canada, UK reach transitional trade agreement

The government of Canada announced Saturday the conclusion of “successful” transitional trade talks with the U.K.

The press release said the two countries reached an interim deal, the Canada-United Kingdom Trade Continuity Agreement, as a placeholder for a more comprehensive trade agreement. The U.K.’s departure from the European Union and “by extension the Canada-European Union Comprehensive Economic and Trade Agreement (CETA)” necessitated the change.

CETA no longer applies to the U.K. as of...

https://s29755.pcdn.co/news/canada-uk-reach-transitional-trade-agreement

US-China airline quarrel exacerbates supply shortage for cargo

Big white jet in air after takeoff, flying overhead

The air service dispute between the U.S. and China over resuming passenger air travel will have spillover effects for airfreight shippers and other areas of trade as the relationship between the countries deteriorates, industry and legal experts say.

Limiting flights from each country perpetuates the shortage of cargo capacity resulting from the extensive shutdown of passenger operations due to the coronavirus outbreak and sets the stage for potential Chinese retaliation against other industry...

https://s29755.pcdn.co/news/us-china-airline-quarrel-exacerbates-supply-shortage-for-cargo

Serbia to boost exports via trade agreements

The Serbian government is concluding free trade deals with Turkey and the Eurasian Economic Union that are expected to boost Serbian exports

The new Free Trade Agreement (FTA) between Serbia and Turkey has been ratified by the Turkish parliament, according to a report from eKapija.

According to Serbia’s deputy prime minister and minister of trade, tourism and telecommunications, Rasim Ljajic, a large number of products should be included in the FTA between the two countries.

He said that the...

http://container-news.com/serbia-boost-exports-trade-agreements/