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Economic Measures Trade

  • A truck transports a Maersk BV shipping container through the Port of Philadelphia in Philadelphia, Pennsylvania.

    Prices increased more than expected in April amid rising costs for petroleum products and a range of other goods, which could help boost domestic inflation.

  • LONDON, May 10- Goldman Sachs commodity strategist Jeff Currie said on Wednesday if the U.S. government were to introduce a border tax adjustment on crude oil imports, the spread between Brent and U.S. futures would widen dramatically. You could see WTI trade $15 above Brent, "Currie told the S&P Global Platts Crude conference. The government of President Donald...

  • MEXICO CITY, May 9- Mexico and the European Union might leave some agricultural goods out of a new free trade deal that they want to wrap up this year, the EU's ambassador to Mexico said on Tuesday, citing beef and dairy as "sensitive" sectors. Mexico and the 28- nation bloc have been working to upgrade an existing accord dating from 2000 that mainly slashed tariffs on...

  • *Canadian dollar at C $1.3728, or 72.84 U.S. cents. TORONTO, May 9- The Canadian dollar weakened against its U.S. counterpart on Tuesday as prices of oil, one of Canada's major exports, fell and the greenback climbed against a basket of major currencies. "Absent any meaningful Canadian dollar data this week we are likely to see the Canadian dollar take its direction...

  • MEXICO CITY, May 9- A tough U.S. proposal on bilateral sugar trade with Mexico sets a bad precedent for an impending renegotiation of the North American Free Trade Agreement, the head of Mexico's sugar chamber, Juan Cortina, said on Tuesday. President Donald Trump seeks to renegotiate the NAFTA pact with Mexico and Canada and to build a wall on the U.S.-Mexican...

  • HAVANA/ HOUSTON, May 9- Cuban exports of refined oil products fell about 97 percent between 2013 and 2016, according to a United Nations trade report released this week, reflecting falling supplies from its political ally Venezuela. Cash-strapped Cuba reported its exports of goods, such as oil products, nickel, sugar, tobacco products and pharmaceuticals, fell...

  • *Canadian dollar at C $1.3725, or 72.86 U.S. cents. TORONTO, May 9- The Canadian dollar weakened against its U.S. counterpart on Tuesday as oil priced dipped and the greenback climbed against a basket of major currencies. Oil is one of Canada's major exports.

  • Donald Trump leaves after a joint press conference with Mexican President Enrique Pena Nieto (out of frame) in Mexico City on August 31, 2016.

    Sam Zell, Equity Group Investments and "Am I Being Too Subtle?" author, talks about President Trump's trade agenda.

  • BEIJING, May 9- China's Commerce Ministry says it has extended anti-dumping tariffs on chloroprene rubber from Japan, the United States and European Union for five years.

  • President Donald Trump seeks to renegotiate the North American Free Trade Agreement pact with Mexico and Canada and build a wall on the U.S.-Mexican border and have Mexico pay for it. Mexico and the United States last week extended a deadline to June 5 to reach an agreement on how much Mexican refined and crude sugar can enter the United States.

  • Containers are loaded onto a freighter at a pier of Tokyo port in Japan.

    The U.S. is engaged in a war of words on trade and needs to back up its language with "smart" diplomacy, Michael Ivanovitch says.

  • OTTAWA, May 8- Canada escalated a trade dispute with United States by making threats Washington called inappropriate in part because Prime Minister Justin Trudeau is under pressure to secure support in a key region ahead of the country's 2019 elections. And Quebec is seen as vital to Trudeau's hopes of maintaining a strong grip on power in a national election...

  • OTTAWA, May 8- Canada escalated a trade dispute with United States by making threats Washington called inappropriate in part because Prime Minister Justin Trudeau is under pressure to secure support in a key region ahead of the country's 2019 elections. And Quebec is seen as vital to Trudeau's hopes of maintaining a strong grip on power in a national election...

  • MEXICO CITY, May 8- Mexico's auto exports rose 16.1 percent in April compared was the same month a year earlier, and output was up 3.2 percent, the Mexican Auto Industry Association said on Monday. Auto exports to the United States, Mexico's top trading partner, were up nearly 20 percent to reach 179,958 units. Mexico's booming auto sector has been a clear...

  • *China soybean imports rise 13.4 percent in April. The fact that we don't have a very threatening forecast is why we are under pressure, "said Ted Seifried, chief market strategist with the Zaner Group in Chicago. As of noon CDT, the Chicago Board of Trade July wheat contract was down 8-3/ 4 cents at $4.33-1/ 2 per bushel after dipping to $4.32-3/ 4, its lowest since April 28.

  • WADEVILLE, South Africa, May 8- South Africa had "no choice" but to impose emergency safeguard tariffs on imports of certain flat hot-rolled steel products to protect local industry, Minister of Trade and Industry, Rob Davies said on Monday. "We got to defend to ensure that we maintain the primary steel manufacturing in South Africa. "The levels of protection we've...

  • *China copper imports fall 30 pct m/m in April. LONDON, May 8- Copper slid to a four-month low on Monday after data showed a sharp drop in imports in April into China, the world's biggest consumer, feeding pessimism over demand following hefty inflows into London Metal Exchange inventories last week. "We have some new data coming out this week and next, especially...

  • SYDNEY, May 8- Copper retreated in Asian trade to the lowest prices in four months, with high inventories weighing on prices in both London and Shanghai markets, amid a sharp drop in imports to China. "It was mainly due to weak domestic demand and also that China's output remained strong, so the country didn't need to import as much," said Helen Lau, an analyst at Argonaut...

  • BEIJING, May 8- China posted a preliminary current account surplus of $19 billion in the first quarter of this year and a deficit of $19 billion on its capital and financial account, the country's foreign exchange regulator said on Monday.

  • TOKYO, May 8- Japan is expected to report its biggest current account surplus in 10 years this week, made up of solid income from overseas investments and a strong trade balance boosted by exports and falls in oil prices, a Reuters poll showed. Japan posted a 2.81 trillion yen surplus in February. A strong current account surplus and a large trade surplus with the...