The EU has demanded that China loosen its policy on sales of rare earth materials after the World Trade Organisation upheld a ruling that Beijing's policies to limit raw material exports violated international trade rules.
China slapped duties on U.S.-made cars Wednesday, an action that could imperil billions in sales by Detroit automakers but which will leave most of their sales in the country unaffected.
China's president, Hu Jintao, on Sunday pledged an "even more active" opening up of the country's economy and a renewed commitment to free trade as he sought to respond to concerns over apparent reform fatigue in Beijing and a deteriorating global economy.
South Korean automakers hope the U.S. Korea Free Trade Agreement will give them a huge boost.
President Barack Obama, in Hawaii for a weekend economic conference, said Saturday that leaders of nine nations have agreed on the "broad outlines" of a trans-Pacific free trade agreement.
CNN's Fareed Zakaria looks ahead at what the president hopes to accomplish during his upcoming trip to Asia.
President Barack Obama begins a nine-day trip through the Asia-Pacific region Saturday with a stop in Hawaii for a weekend economic conference where he will press for progress on a trans-Pacific free trade agreement.
Supporters of free-trade agreements approved this week by U.S. lawmakers predicted Thursday that the accords will increase exports and create jobs, but analysts are split over how much the new measures will boost the flagging U.S. economy.
China and the United States are the world's two largest economies and arguably each other's most important trading partners.
In a rare showing of bipartisanship, the Senate passed a bill on Tuesday targeting China's undervalued currency -- and angering Chinese officials who have warned of a "trade war."
The United States is pushing back against a Chinese tariff that has virtually wiped out chicken exports to the world's largest nation.
Mitt Romney's jobs plan calls for lower corporate taxes, trade sanctions on China and repealing the health care bill.
Standing under a banner that read "Day One, Job One," former Massachusetts Gov. Mitt Romney unveiled his jobs plan Tuesday with a pledge to take steps on his first day as president to undo what he called failed economic policies of the Obama administration.
Amid all the squabbling in Washington, there is one policy many Democrats and Republicans agree on -- free trade deals with South Korea, Colombia and Panama.
Claiming U.S. foreign policy can create American jobs at home, Secretary of State Hillary Clinton Tuesday urged U.S. companies to "roll up their sleeves, get out there and engage with the economic opportunities that are emerging across the world."
CNN's Becky Anderson shows the Hamburg port, which gets approximately 7000 shipping containers a year passing through.
President Obama announced his choice to lead the Commerce Department on Tuesday, selecting John Bryson, the former CEO of the utility company Edison International.
Bill Daley doesn't tweet. He's not a big fan of e-mail. When Daley wants to connect, he picks up the phone and, depending on the situation, proceeds to cajole, console, commiserate, counsel -- or some combination thereof. It is a skill he's honed in more than two decades as a counselor to restless lawmakers, presidential candidates, and CEOs -- and one he's now employing as President Obama's new chief of staff and unofficial troubleshooter of the administration's badly damaged relationship with corporate America. "I've always thought politics was about relationships and people," Daley tells me in a rare interview (over the telephone, of course) about himself. Practicing politics, he adds, is not like practicing a golf swing. "It's about engaging people, listening to them, understanding what motivates them."
With President Obama in Latin America to talk trade this weekend, he faces a new stalemate at home on key treaties that he wants wrapped up this year.
At a time when consumers in Europe and the U.S. struggle with huge debts, most major U.S. companies have been flocking to emerging economies for the next big consumer -- namely, in China. It's no surprise. After all, the East Asian tiger surpassed Japan last year to become the world's second-biggest economy after the U.S. And with a population of about 1.3 billion, China is on track to be the world's third-largest consumer market by 2025, according to McKinsey & Company.
Chinese President Hu Jintao is visiting the United States this week, and simmering trade disputes between the two countries will likely be high on the agenda.
Two members of Congress circulated a letter amongst colleagues on Friday that accuses China of consistent violations of international trade law, and warns the behavior will no longer be tolerated.
The United States has reached a tentative free trade agreement with South Korea, the White House said Friday.
Big business interests are hopeful that a Republican takeover of the House -- now looking more likely than not -- will thaw free-trade deals that have languished since President Obama took office. Those agreements are on a short list of priorities the White House has in common with GOP leaders.
Forget about the value of the yuan, cheap tires or chickens.
A U.S. trade spokeswoman said Tuesday officials are looking into a recent New York Times report that said China has halted shipments of rare earth minerals bound for the United States and Europe.
Great. The global economy finally starts to show signs of emerging from the recession and now a possible trade war between the U.S. and China is throwing a monkey wrench into the recovery.
There aren't many Fortune 500 executives on President Obama's good-guys list these days, but retiring Caterpillar chairman Jim Owens makes the cut. Caterpillar manufactures things instead of practicing financial wizardry. It moves mud rather than spills oil. More to the point: The iconic Peoria company produces the kind of well-paid manufacturing jobs that a recession-weary nation sorely needs.
The leaders of the Group of Eight global economic powers pledged Saturday to continue working together as the world "begins a fragile recovery from the greatest economic crisis in generations."
Last week during the day, some kids in Ciudad Juarez, Mexico, were playing soccer in a park when a car slowed down, guys got out and executed a 13-year-old boy. And then they drove away, unmolested in a city with 11,000 army and police officers.
Mexico asked the United States to move forward with creating a proposal to end a ban on cross-border trucking in violation of the North American Free Trade Agreement.
There's been a lot of gloom surrounding the climate talks in Copenhagen, Denmark, and let's face it, some of it is well-founded. Trying to get 192 countries to agree on a new treaty would be tough even in the best of economic times, and these aren't the best of economic times.
In Guangzhou, China, CNN's Eunice Yoon speaks with U.S. Commerce Secretary Gary Locke about U.S.-China trade relations.
Not even Franz Kafka could have dreamed this one up.
Companies that have invested in Mexico could be affected if the Mexican congress approves a change that would put an end to tax benefits that allow businesses to consolidate their earnings and losses, in order to pay less taxes, said specialized foreign trade consultant firm IQOM. The changes proposed by the federal government are being analyzed by Congress and could be incompatible with expropriation rules under the North American Free Trade Agreement (NAFTA) that Mexico, Canada and the United States have had since 1994.
Russian President Dmitry Medvedev on Tuesday accused the United States of "blocking" Russia's accession to the World Trade Organization.
The cynical view is tempting: World leaders have made yet another feel-good, empty pledge they will forget as soon as they return to their domestic concerns.
The U.S. and European Union allege China is guilty of unfair trade practices. CNN's Eunice Yoon reports.
Trying to decipher where President Obama really stands on free trade can be like trying to trace the U.S.-Mexico border with a Google map. There are words, and there are actions - but there is mostly that long squiggly line in between.
Mexico has announced plans to raise tariffs on almost 90 U.S. exports, Mexican and U.S. officials confirmed Monday.
Mexico has announced plans to raise tariffs on almost 90 U.S. exports, Mexican and U.S. officials confirmed Monday.
Some fear that the protectionist trend spreading across the globe could escalate into a growth killing global trade war.
President Obama says he hope to work with the Canadians to stimulate economies on both sides of the border.
President Obama visited Canada on Thursday in his first foreign trip as head of state, meeting with Canadian Prime Minister Stephen Harper to discuss a range of complicated economic and military issues.
Diplomacy will play a bigger role in U.S. efforts in Afghanistan in future even as the Pentagon announced a significant troop increase, President Barack Obama said Tuesday in an interview on Canadian television.
President Obama takes his first foreign trip Thursday, but domestic politics will loom large as he tackles the explosive issue of protectionism in a meeting with Canadian Prime Minister Stephen Harper, the leader of the United States' largest trade partner.
The heated war of words over "Buy American" laws may be nearing a truce in Congress, but there are still fears among critics that it could spark a new global trade war.
While America reels from the worst economic crisis since the Great Depression, it is time that we take a deeper look at the root causes of our current predicament.
CNN's John Roberts speaks to the mayor of Lansing, Michigan, about the economic stimulus plan.
The Senate on Wednesday night agreed to soften a 'Buy American' provision in its economic stimulus package, clarifying that the clause will not override the United States' existing trade treaties.
President Obama appears to be backing away from Buy American provisions in the stimulus bill. CNN's Bill Tucker reports.
The Senate agreed Wednesday to soften a "Buy American" provision in its economic stimulus package, clarifying that the clause will not override existing U.S. trade treaties.
President-elect Obama nominates Gov. Bill Richardson to serve as Secretary of Commerce.
President-elect Barack Obama announced New Mexico Gov. Bill Richardson as his pick for secretary of commerce on Wednesday, calling him a "leading economic diplomat for America."
There was little doubt that Barack Obama was "Europe's candidate" in the US presidential election. High hopes are invested in him still across Europe's capitals. But as EU leaders contemplate the next president's daunting in-tray their hopes are more than ever tinged with a little nervousness.
President Bush, in what could be his final overseas trip as president, called on international leaders Saturday to continue his administration's push for free trade despite the global financial crisis.
President Bush is at the APEC summit, appealing to world leaders to protect free trade. CNN's Juan Carlos Lopez reports.
President George W. Bush, in what could be his final overseas trip as president, called on international leaders to continue his administration's push for free trade despite the global financial crisis.
Organizations that have a role in the global financial system:
Following is a list of organizations that have a role in the global financial system and what that role is:
U.S. Trade Representative Susan Schwab discusses why talks failed at the WTO summit.
Trade talks fail
updated: Wed Jul 30 2008 12:25:00
Tension-filled World Trade Organization summit in Geneva ends in disagreement. ITN's Jonathan Rugman reports.
Contentious issues have cropped up in presidential campaigns throughout America's history. Controversies from the past include slavery, isolationism, suffrage, civil rights, the prohibition of alcohol, and policies toward organized labor. The following issues are among those on the minds of voters in 2008.
Sen. Barack Obama said Thursday the country has "often fallen short" of caring for war veterans during the Bush administration.
Sen. John McCain discussed free trade, illegal drugs and better relations Tuesday night with Colombian President Alvaro Uribe.
(R) presidential candidate John McCain travels to Colombia to tout his support for free trade. Juan Carlos Lopez reports.
Sen. John McCain, the presumptive Republican nominee for president, arrived in Tuesday in Colombia on a three-day trip that includes Mexico to talk about trade and drugs.
As Sen. John McCain prepares to promote free trade during a high-profile trip to Colombia and Mexico, a poll out Tuesday suggests the issue may be a political hurdle as the general election campaign heats up.
Sen. John McCain praised NAFTA during a speech in Canada Friday.
The general campaign is on, independent voters are up for grabs, and Barack Obama is toning down his populist rhetoric - at least when it comes to free trade.
The United States has filed a complaint with the World Trade Organization over European tariffs on three categories of high-tech goods
The U.S. trade deficit narrowed sharply in March as demand for imports fell by the largest amount since the last recession was ending
Sens. Hillary Clinton and Barack Obama have aggressively courted organized labor, but unions are divided between the Democratic candidates.
Sen. Hillary Clinton talks energy, Sen. John McCain talks healthcare, Sen. Barack Obama defends stance on Rev. Wright.
President Bush, stymied by Congress in his final push to broaden U.S. trade, is finding a bigger blast of support from north and south of the border
In his weekly radio address, President Bush talks about the upcoming North American Leaders' Summit.
President Bush used a meeting with Mexican and Canadian leaders Monday to hammer Democrats who oppose a free trade deal between the U.S. and Colombia, saying that blocking the deal is "bad for American workers and bad for our security."
President Bush, joining the conservative leaders of Canada and Mexico for one final time, is eager to expand a trading relationship that has been lucrative for the United States and both of its neighbors
Condoleezza Rice says a free trade agreement with Colombia is important to support a key ally in Latin America.
Speaker Nancy Pelosi said House Democrats plan to change the rules on how Congress handles trade agreements to avoid a vote on a controversial free trade pact with Colombia backed by President Bush.
CNN's Candy Crowley reports on how the demotion of a top Clinton adviser might play in the union stronghold of Pennsylvania.
Sen. Hillary Clinton and her husband Bill don't see eye-to-eye when it comes to a controversial free trade pact.
President Bush say a new trade deal with Colombia will advance American national security interests by strengthening a key ally.
President Bush on Monday moved to force a vote on a controversial free trade agreement between the United States and Colombia that Democrats oppose.
Sen. Hillary Clinton speaks to supporters in Ohio about how she will be ready on day one to tackle problems.
Sen. Hillary Clinton Monday questioned her Democratic rival's commitment to renegotiating the North American Free Trade Agreement, a charge that Sen. Barack Obama's camp called a "blatant distortion."
Organized labor has lately warmed to the Illinois Senator, and its help could be enough for him to eke out a victory in Ohio
Sens. Barack Obama and Hillary Clinton exchanged sharp words over trade as they campaigned before Ohio's crucial primary.
CNN's Anderson Cooper talks with Gloria Borger and David Gergen about the latest spat between Obama and Clinton.
A visibly angry Sen. Hillary Clinton lashed out Saturday at Sen. Barack Obama over campaign literature that she said he knows is "blatantly false," while Obama called her outburst "tactical."
An angry Sen. Hillary Clinton rips Democratic opponent Sen. Barack Obama over campaign mailings.
Farmers gather to protest NAFTA in Mexico City, demanding the government renegotiate the deal. CNN's Harris Whitbeck reports.
Hundreds of thousands of farmers clogged central Mexico City Thursday with their slow-moving tractors, protesting the entry of cheap imported corn from the United States and Canada.
"We are the champions - of the world" may be the verse that rings out in stadiums across the U.S., but in the great game of global trade, Americans are increasingly feeling like the losers. A large majority - 68% - of those surveyed in a new Fortune poll says America's trading partners are benefiting the most from free trade, not the U.S. That sense of victimhood is changing America's attitude about doing business with the world.
Despite rampant recession talk on Wall Street, Commerce Secretary Carlos Gutierrez remains upbeat on the nation's overall economic health.
Chinese workers manufacture Christmas ornaments under deplorable conditions, as CNN's Louise Schiavone reports.
During a debate in Iowa, Sen. Barack Obama says he looks forward to having Hillary Clinton as one of his advisers.
© 2013 Cable News Network. Turner Broadcasting System, Inc. All Rights Reserved.
|