#trade-relations

#trade-relations

"Our first, second and third priorities are to get to a negotiated outcome, but we will not hesitate to use all tools available to us in case a deal is blocked or not upheld."

In the fluid and turbulent international situation today, it is crucial that all countries, notably the major economies, maintain policy continuity and stability and step up efforts to address climate change.

Australia has lifted tough restrictions on US beef imports after rigorous science and risk-based assessments indicated that the risks were being managed effectively on the US side.

Transportation Secretary Sean Duffy stated that Mexico's actions forcing airlines to relocate flights violated a trade agreement and gave domestic airlines an unfair advantage. He emphasized that all Mexican airlines must now submit flight schedules for U.S. government approval until concerns are addressed.

Ireland's position is that the treatment of pharma should be within negotiations with the EU on an agreement in principle, a crucial sector for our economy.

Investor sentiment in Germany rose more than expected in July, with the ZEW survey indicating a 5.2 points increase, reaching its highest level since February 2022.

"Even as they face among the most punitive tariffs globally, US secretary of state Marco Rubio has sought to reassure southeast Asian nations of Washington's commitment to the region."

The canceling of the two stops followed quickly by Trump's new, higher tariffs on both undercuts the two pillars of U.S. strategy in Asia: our commitment to Asian security and our centrality to Asia growth and prosperity.

Anthony Albanese's visit aims to enhance ties with China, Australia's largest trading partner, with a particular focus on boosting jobs through trade and collaboration.

The CEOs of Canada's top three automakers requested the elimination of the federal zero-emission vehicle (ZEV) mandate, claiming it threatens jobs and companies amid U.S. tariffs.

Mark Carney, Canada's Prime Minister, emphasized the importance of restoring diplomatic ties with India, stating that both nations must work together on common issues.

Before the COVID-19 pandemic, the U.S. economy was in a solid place. Unemployment hovered near historic lows around 3.5%, the economy expanded at 2.3%, and per capita GDP was $63,360.

The markets are catching their breath today, buoyed by signals of inflation holding steady and the continued progress in U.S.-China trade discussions. May's CPI data delivered an unexpected positive, showing inflation nudging just slightly higher to 2.4% compared with year-ago levels.

"India is a fast growing economy, which in a few years is expected to be the world's third largest," said Dousa in a statement.

Despite positive trade talks, China's export restrictions on rare earths, crucial for high-tech industries, seem unlikely to ease, maintaining a tight grip on this strategic sector.

As he prepares to replace the now-disgraced Yoon, South Korea's new leader, Lee Jae-myung, will have to strike a very different note with Biden's successor in the White House.