#free-trade-area

#free-trade-area

Greer stated, 'What we are not looking for is massive confrontation or anything like that with China.' He emphasized the importance of maintaining stability in the US-China economic relationship.

"The influx of visitors will likely generate billions of dollars in economic activity, benefiting the hospitality, transportation, and retail sectors. Host city hotels anticipate record occupancy, and local businesses will benefit from increased visitor traffic."

Mexico's equity market does not trade in isolation from Washington. The country's economic relationship with the United States, governed by the United States-Mexico-Canada Agreement (USMCA), is the single biggest external variable for EWW over the next 12 months. When trade flows are stable, Mexican exporters, industrials, and materials companies see reliable demand. When that relationship is stressed, the fund reacts quickly.

The European Commission will "proceed with [the] provisional application" of the Mercosur trade deal with Argentina, Brazil, Paraguay and Uruguay, the commission's chief Ursula von der Leyen announced on Friday. The deal was signed in January after over 25 years of negotiations, despite opposition from some European farmers.

Sales are down nearly 70 percent at Jahn Engineering, a tool and die shop that serves automakers here and in the United States. Dozens of workers have been let go following decisions made in the White House. The Canadian auto industry has been rocked by President Donald Trump's abandonment of subsidies for electric vehicles and embrace of tariffs.

The European Union will on Saturday sign a deal 25 years in the making with the South American trade bloc Mercosur, creating one of the world's largest free trade areas at a time of growing protectionism and volatility. The long-awaited agreement comes amid the sweeping use of tariffs and trade threats by US President Donald Trump's administration, which has sent countries scrambling for new partnerships.

China has been flooding Latin American markets with low-priced exports, especially autos and e-commerce goods, as its exporters adjust to U.S. President Donald Trump's tariffs and geopolitical moves. The world's second-largest economy has become a major trading partner for many Latin American nations, seeking access to their abundant natural resources and growing markets while expanding its influence in a region Trump views as America's Backyard.

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The agreement will "drive a massive reshoring of America's semiconductor sector," the US Commerce Department said. In an interview to news channel CNBC, US Commerce Secretary Howard Lutnick said the objective was to bring 40% of Taiwan's entire chip supply chain and production to the United States. Had Taipei not agreed to manufacture in the US, the tariffs would likely be 100%, Lutnick added.

Stability. Consistency. Ever-changing complexity. With language like that, deployed in separate meetings in three Asian capitals this week, government leaders forged closer ties driven in part by a figure halfway around the world: the president of the United States. And much of the time, they didn't even mention Donald Trump's name. IN BEIJING: The U.K. and Chinese leaders called Thursday for a "long-term, stable, and comprehensive strategic partnership" between their two countries. The important words are long-term and stable. The two countries committed a decade ago to building a comprehensive strategic partnership but progress has been halting at best.

The upgrade places the EU on the same diplomatic footing as the United States, China and Russia and was announced during a visit to Hanoi by European Council President António Costa. "At a moment when the international rules-based order is under threat from multiple sides, we need to stand side by side as reliable and predictable partners," Costa said, adding that the partnership is about "developing spheres of shared prosperity."

The sum of exports and imports between the two countries last year totalled 251.8 billion (roughly $296.6 billion), a 2.1% increase, according to Destatis. China was Germany's most important trading partner from 2016 all the way through to 2023. In 2024, the US briefly held the title. German Chancellor Friedrich Merz is also set to visit China next week, where he is set to discuss trade and other topics.

The deal, which comes as Brussels seeks new markets to offset US tariffs and reduce reliance on China for critical minerals, will open free trade with four South American countries. European Union ambassadors have given a provisional nod to the bloc's largest-ever agreement in terms of erased tariffs, opening the way to free trade with the Mercosur group of South American countries.

The deal would forge a market of two billion people and nearly a quarter of global GDP, according to the European Commission. Follow DW for more. EU and India conclude trade negotiations after nearly two decades of on-off negotiationsImage: Altaf Hussain/REUTERS Skip next section What you need to know EU and India have finalized a trade deal after nearly two decades of negotiations