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.
Stories by David Lawder
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.
U.S. formally requests dispute resolution over Canada’s dairy import quotas
The U.S. Trade Representative’s office said on Tuesday it requested a dispute settlement panel to review a U.S. challenge to Canada’s application of dairy import quotas under the new U.S.-Mexico-Canada Agreement on trade. The request marks an escalation of a U.S. complaint first lodged in December 2020, alleging that Canada was improperly allocating some of […] Read more
U.S. reaches ‘deal in principle’ with China on trade: source
WASHINGTON, (Reuters) – The White House has reached a “deal in principle” with Beijing to resolve the 17-month U.S.-China trade war, according to a source briefed on the trade talks. The White House was expected to make an announcement later on Thursday, the source said. “The written agreement is still being formulated, but they have […] Read more
After ‘Howdy Modi,’ Trump and India’s PM could sign trade deal
WASHINGTON/NEW DELHI, (Reuters) – The United States and India are racing to negotiate a limited trade deal that U.S. President Donald Trump and Indian Prime Minister Narendra Modi can sign at the United Nations General Assembly in New York at the end of September, people familiar with the talks said A deal between the world’s […] Read more
U.S., China move trade talks to Shanghai amid deal pessimism
BEIJING/WASHINGTON, (Reuters) – U.S. and Chinese trade negotiators shift to Shanghai this week for their first in-person talks since a G20 truce last month, a change of scenery for two sides struggling to resolve deep differences on how to end a year-long trade war. Expectations for progress during the two-day Shanghai meeting are low, so […] Read more
How U.S.-China talks differ from any other trade deal
WASHINGTON (Reuters) – The trade deal that U.S. negotiators are seeking with China may have more in common with a sanctions-monitoring regime than a traditional trade pact. The administration of U.S. President Donald Trump is pushing China to agree to regular reviews of its compliance as a condition of any trade deal between the world’s […] Read more
Trudeau urges some U.S. flexibility in NAFTA
WASHINGTON/OTTAWA (Reuters) – Prime Minister Justin Trudeau said on Wednesday he wanted to see flexibility from the United States if the two sides are to reach a deal on renewing NAFTA, which Washington insists must be finished by the end of the month. Ottawa is pushing back against increasing pressure by the administration of U.S. […] Read more
Farmers on Trump’s NAFTA radar
(Reuters) – The Trump administration on Thursday set the clock ticking toward a mid-August start of renegotiations of the North American Free Trade Agreement with Canada and Mexico to try to win better terms for U.S. workers and manufacturers. With a letter to U.S. lawmakers, U.S. Trade Representative Robert Lighthizer said he triggered a 90-day […] Read more
