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Trade

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  • WASHINGTON— Conceding that trade is a difficult topic for his Democratic Party, President Barack Obama on Friday defended his efforts to broaden commerce with Asia and Europe and warned critics that opposition would give China a leg up in setting the rules for international trade. In a news conference at the White House, Obama sought to reassure critics by...

  • New trade deal could block generic drugs from US Friday, 17 Apr 2015 | 10:53 AM ET
    Pharmaceuticals

    Consumer advocates worry a new trade deal could could make generic drugs harder to bring to market, reports The Fiscal Times.

  • "China is importing about 30,000 tonnes of tin concentrate a year from Myanmar. There is skepticism about whether Indonesian producers will sign up to the idea of cutting exports, "said Robin Bhar, an analyst at Societe Generale. Indonesia's tin association said its members and PT Timah, the country's biggest tin exporter, will not trade at prices below $17,000 a...

  • TOKYO, April 17- Japan and the United States will hold cabinet-level trade talks from this weekend, but are unlikely to seal a final deal, seen as crucial for a broader trans-Pacific free trade pact, by a summit this month, Japanese Economy Minister Akira Amari said on Friday. A U.S.- Japan deal is considered vital to the success of a long-delayed Trans-Pacific...

  • NEW DELHI, April 17- India's trade deficit in March was the highest in four months, at $11.79 billion, as exports continued to fall, underscoring risks for growth prospects in Asia's third largest economy. That could be about to change, with policymakers and businesses fretting that weak foreign demand could torpedo Prime Minister Narendra Modi's...

  • *USTR Froman reportedly to visit Tokyo for ministerial talks. TOKYO, April 17- Japan and the United States look set to hold cabinet-level trade talks in coming days as the allies race to seal a bilateral trade deal, seen as crucial for a broader trans-Pacific free trade pact, ahead of a summit this month. Trade Representative Michael Froman will visit Tokyo to meet...

  • TOKYO— Top Japan and U.S. trade officials plan to meet this weekend, seeking to close gaps over autos and farm trade before Prime Minister Shinzo Abe visits Washington later this month. The U.S. and Japan must agree on market-opening measures before the 12 countries involved can reach a long-delayed final accord on the U.S.-led Trans-Pacific Partnership, a...

  • *USTR Froman reportedly to visit Tokyo for ministerial talks. TOKYO, April 17- Japan and the United States look set to hold cabinet-level trade talks in coming days as the allies race to seal a bilateral trade deal, seen as crucial for a broader trans-Pacific free trade pact, ahead of a summit this month. Trade Representative Michael Froman will visit Tokyo to meet...

  • "China is importing about 30,000 tonnes of tin concentrate a year from Myanmar. There is scepticism about whether Indonesian producers will sign up to the idea of cutting exports, "said Robin Bhar, an analyst at Societe Generale. Indonesia's tin association said its members and PT Timah, the country's biggest tin exporter, will not trade at prices below $17,000 a...

  • TOKYO, April 17- Japan sought on Friday to hold bilateral ministerial trade talks with the United States as the allies race to seal a bilateral trade deal, seen as crucial for a broader trans-Pacific free trade pact, ahead of a summit later this month. Passage of the bill, which Japan sees as crucial for success in the TPP talks, is far from assured.

  • Obama defends pursuit of sweeping trade pact Friday, 17 Apr 2015 | 1:11 AM ET

    WASHINGTON— President Barack Obama on Friday defended his pursuit of a sweeping trade pact as good for American workers in a global economy, dismissing fierce opposition from his own party as a "ratification of the status quo." Sander Levin, the senior Democrat of House Ways and Means Committee, declared he was "out to defeat" the legislation because, he said, it would...

  • WASHINGTON, April 16- Senior U.S. lawmakers reached agreement on Thursday on the wording of a bill aimed at giving the White House "fast track" authority to negotiate a Pacific trade pact that is central to President Barack Obama's strategic shift toward Asia. The Obama administration announced in late 2009 that it was entering TPP negotiations with Australia,...

  • WASHINGTON, April 16- Legislation introduced to the U.S. Congress will set nearly 150 objectives for U.S. trade negotiators and lay the ground rules for how trade deals are approved. Highlights of the 113- page bill, which gives Congress a yes-or-no vote on trade deals, include:. *a new process to potentially turn off streamlined voting procedures in either chamber...

  • Does South Korea's economy need more stimulus?   Thursday, 16 Apr 2015 | 6:19 PM ET
    Does South Korea's economy need more stimulus?

    Choi Kyung Hwan, finance minister of South Korea, says the country's economy is starting to recover after last year's expansionary policies, noting the government will inject stimulus later this year if necessary.

  • WASHINGTON, April 16- Senior U.S. lawmakers reached agreement on Thursday on a bill to give the White House "fast track" authority to negotiate a trade pact with 11 other Pacific nations that is central to President Barack Obama's strategic shift toward Asia. The White House has faced pressure to make progress on the bill ahead of a meeting between Obama and...

  • New trade bill puts US in driver's seat: Rep Ryan Thursday, 16 Apr 2015 | 4:16 PM ET
    Rep. Paul Ryan, R-Wisc., is shown during a hearing on Capitol Hill in Washington.

    U.S. lawmakers have given Obama a key tool to write the rules for the future of the global economy—and edge out China—Rep. Paul Ryan said.

  • UPDATE 4-U.S. lawmakers present fast-track trade bill Thursday, 16 Apr 2015 | 2:54 PM ET

    WASHINGTON, April 16- U.S. lawmakers on Thursday introduced a bipartisan bill to move trade deals quickly through Congress, opening the door to sealing a major Pacific trade pact. The bill sets new objectives for U.S. trade negotiators, including directing trading partners to avoid manipulating their currencies, in exchange for a yes-or-no vote in Congress.

  • Top US lawmakers strike deal to fast-track trade deals Thursday, 16 Apr 2015 | 2:41 PM ET

    WASHINGTON— Top congressional lawmakers struck a long-sought, bipartisan agreement Thursday for the broadest trade policy pact in years, allowing President Barack Obama to negotiate trade accords for Congress' review and move forward with talks on a sweeping partnership with Pacific nations. Obama quickly said he will sign the bill if Congress passes it.

  • Jack Welch: How strong dollar could 'crater us' Thursday, 16 Apr 2015 | 11:06 AM ET
    Jack Welch speaking on CNBC's "Squawk Box," April 16, 2015.

    The Fed should not hike interest rates given current circumstances for the dollar and U.S. economic growth, ex-GE boss Jack Welch tells CNBC.

  • WASHINGTON, April 16- U.S. senators said on Thursday they could present a bipartisan bill to move trade deals quickly through Congress as soon as later in the day after reaching agreement on aid for workers hurt by trade. At the start of a committee hearing on trade, Republican Senate Finance Committee Chairman Orrin Hatch and the panel's top Democrat, Ron Wyden,...