trades - updates

Rappler's latest stories on trades

ARTICLE FINDER

U.S., Mexico, Canada to sign deal finalizing trade agreement

Dec 10, 2019 - 11:26 PM

'There is an initial deal between the governments,' says Mexican President Andres Manuel Lopez Obrador

USMCA. In this file photo, Mexican President Andres Manuel Lopez Obrador attends his daily morning press conference at the National Palace in Mexico City on November 21, 2019. File photo by Pedro Pardo/AFP

China to exempt 'some' U.S. soybean, pork from tariffs

Dec 06, 2019 - 6:19 PM

The olive branch comes as the two sides edge towards a mini agreement Washington says includes a Chinese promise to increase the purchase of US farm products

U.S. reimposes steel, aluminum tariffs on Brazil, Argentina

Dec 03, 2019 - 11:37 AM

Industry leaders in both countries cry foul

6 European countries join barter system for Iran trade

Dec 01, 2019 - 1:47 PM

The entry of the new members 'further strengthens INSTEX and demonstrates European efforts to facilitate legitimate trade between Europe and Iran,' say founding shareholders France, Germany and UK

LIFE IN IRAN. An Iranian cleric walks past a mural painting of the national flag in the capital Tehran. File photo by Atta Kenare/AFP

Labor group asks Duterte: Waive entrance fees to SEA Games

Nov 28, 2019 - 4:32 PM

The Associated Labor Unions-Trade Union Congress of the Philippines says letting Filipinos watch the SEA Games for free can foster 'renewed patriotism' and 'national healing' amid complaints about the preparations for the regional event

REGIONAL GAMES. Workers complete last-minute repairs at the Rizal Memorial Stadium on November 24, 2019, in preparation for the 30th SEA Games. Photo by LeAnne Jazul/Rappler

China’s global economic reach: A balance sheet

Nov 28, 2019 - 3:00 PM

China’s economic relationship with the Global South may be overall positive, but Beijing needs to address the questionable practices of its corporations and agencies

Trump signs law supporting Hong Kong protesters

Nov 28, 2019 - 9:06 AM

The US president at first seemed reluctant to sign the bill, but with almost unanimous US congressional support for the measure, he has little political room to maneuver

FREE. Grafitti which reads 'Free HK' is seen on the ground at the Hong Kong Polytechnic University campus in the Hung Hom district of Hong Kong on November 27, 2019, over a week after police surrounded the building while protesters were still barricaded inside. Photo by Anthony Wallace/AFP

U.S. authorizes 'several' firms to sell to Huawei amid sanctions

Nov 21, 2019 - 7:00 PM

The US Commerce Department grants 'narrow licenses to authorize limited and specific activities which do not pose a significant risk to the national security or foreign policy interests of the United States'

HUAWEI. Photo by Tobias Schwarz/AFP


U.S. extends license for businesses to work with Huawei by 90 days

Nov 19, 2019 - 11:20 AM

(UPDATED) Huawei says the extension does nothing to alter the company's view that Washington has treated it unfairly, and continues to call for its removal from a foreign technology blacklist

HUAWEI. The United States on November 18, 2019 granted another 90 days for companies to cease doing business with China's telecoms giant Huawei, saying this would allow service providers to continue to serve rural areas. Photo by Patricia de Melo Moreira/AFP


Future of gov't transactions? Valenzuela City launches online permit system

Nov 13, 2019 - 11:03 AM

Valenzuela City Mayor Rex Gatchalian says he is willing to share the 'Paspas Permit' system with other LGUs for free

SETTING THE STANDARD. Valenzuela City Mayor Rex Gatchalian launches the Paspas Permit system, which was lauded by Department of Trade Industry Secretary Ramon Lopez as a benchmark for transactions with government agencies. Photo by Loreben Tuquero/Rappler

Trump hails economic boom, says China trade deal is 'close'

Nov 13, 2019 - 10:25 AM

'A deal could happen soon,' United States President Donald Trump tells business leaders, while also saying tariffs would be jacked up if no deal is reached with China

NEW YORK, NEW YORK - NOVEMBER 12: US President Donald Trump speaks at the Economic Club of New York on November 12, 2019 in New York City. Trump, speaking to business leaders and others in the financial community, spoke about the state of the U.S. economy and the prolonged trade talks with China. Spencer Platt/Getty Images/AFP

Missing deadlines can land you in jail, an ex-DTI director’s case shows

Nov 08, 2019 - 8:17 AM

Procrastination in liquidating his cash advances and in filing an appeal seals the fate of a former government official

China says it agreed with U.S. to remove tariffs if trade deal progresses

Nov 07, 2019 - 5:53 PM

If confirmed by the US, the comments could be the latest positive signal in efforts by negotiators to formalize a partial trade deal – although details remain sparse

TRADE TALKS. Chinese Ministry of Commerce spokesman Gao Feng speaks at a press conference in Beijing, days ahead of an imminent US-China trade war, on July 5, 2018. File photo by Greg Baker/AFP

Imports, exports down in September 2019

Nov 06, 2019 - 5:55 PM

An analyst says the pullback in September imports, despite the drop in exports, means that net trade will likely not weigh on overall growth momentum in the 3rd quarter of 2019


U.S. trade deficit takes biggest tumble in 8 months

Nov 06, 2019 - 4:20 PM

The United States trade gap falls 4.7% to $52.5 billion in September 2019

U.S. TRADE. Chinese shipping containers are stored beside a US flag after they were unloaded at the Port of Los Angeles in Long Beach, California, on May 14, 2019. File photo by Mark Ralston/AFP

India will not join RCEP trade deal in blow to sprawling Asian pact

Nov 04, 2019 - 11:55 PM

'Our decision was guided by the impact this agreement will have on the ordinary human beings of India and livelihood of people, including the poorest of the poor,' says a senior Indian diplomat

RCEP. (From L to R) Singapore's Prime Minister Lee Hsien Loong, Myanmar's State Counsellor Aung San Suu Kyi, Laos' Prime Minister Thongloun Sisoulith, Cambodia's Prime Minister Hun Sen, New Zealand's Prime Minister Jacinda Ardern, India's Prime Minister Narendra Modi, China's Premier Li Keqiang, Thailand's Prime Minister Prayut Chan-O-Cha, Vietnam's Prime Minister Nguyen Xuan Phuc, Australia's Prime Minister Scott Morrison, Japan's Prime Minister Shinzo Abe, South Korea's President Moon Jae-in, Brunei's Sultan Hassanal Bolkiah, Indonesia's President Joko Widodo, Malaysia's International Trade and Industry Minister Darell Leiking and Philippines' Trade Secretary Ramon Lopez pose for a group photo during the 3rd Regional Comprehensive Economic Partnership (RCEP) Summit in Bangkok on November 4, 2019, on the sidelines of the 35th ASEAN Summit. Photo by Manan Vatsyayana/AFP

World's biggest trade deal to be delayed to 2020 – draft ASEAN statement

Nov 03, 2019 - 5:55 PM

(UPDATED) Objections by India have dashed hopes of finalizing the Regional Comprehensive Economic Partnership at the ASEAN Summit 2019

ASEAN-INDIA SUMMIT. ASEAN leaders and India's Prime Minister Narendra Modi (6th from left) pose for a group photo during the 16th ASEAN-India Summit in Bangkok on November 3, 2019, on the sidelines of the 35th Association of Southeast Asian Nations (ASEAN) Summit. Photo by Lillian Suwanrumpha/AFP

Huawei pushes 5G in Southeast Asia, brushing off 'tech war' with U.S.

Nov 03, 2019 - 3:53 PM

Thailand and the Philippines have shrugged off cybersecurity warnings in a rush to exploit the ultra-fast 5G network promised by China's biggest smartphone maker, while Vietnam has edged away from Huawei

HUAWEI 5G. Illuminated Huawei and 5G signs are on display during the 10th Global mobile broadband forum hosted by Chinese tech giant Huawei in Zurich on October 15, 2019. File photo by Stefan Wermuth/AFP

ASEAN leaders hanker for trade deal as economy sags on U.S.-China spat

Nov 02, 2019 - 10:33 PM

'If you go alone, you will be bullied. We don't want to go into trade war but sometimes when they do things that are not nice to us, we have to be unnice to them,' says Malaysian Prime Minister Mahathir Mohamad of US protectionism

2019 ASEAN SUMMIT. Association of Southeast Asian Nations leaders link hands with FIFA President Gianni Infantino (L) and ASEAN Secretary General Lim Jock Hoi (R) following a signing ceremony during the organisation's 35th ASEAN summit in Bangkok on November 2, 2019. AFP photo

WTO authorizes Chinese tariffs on $3.6B in U.S. goods in anti-dumping tiff

Nov 01, 2019 - 11:44 PM

The decision marks the first time the World Trade Organization has authorized China to impose tariffs in a trade dispute

WTO. A delegate leaves a World Trade Organization building during the 2018 edition of the WTO public forum on sustainable trade, on October 2, 2018 at the WTO headquarters in Geneva. File photo by Fabrice Coffrini/AFP

U.S. and China's top trade negotiators to talk again on Friday

Oct 31, 2019 - 1:33 PM

'Negotiating teams on the Chinese and US sides have continued to maintain close communication, and negotiations are currently making smooth progress,' the Chinese commerce ministry says

MORE TALKS. This file picture taken on November 6, 2018, shows a Chinese and US flags at a booth during the first China International Import Expo (CIIE) in Shanghai. File photo by Johannes Eisele/AFP

Japan beer exports to South Korea down 99.9% over boycott

Oct 30, 2019 - 4:10 PM

Just $5,400 worth of Japanese beer is shipped to South Korea in September 2019, compared to $7.2 million worth in the same month last year

This picture taken on July 17, 2019 shows a sign reading "We do not sell Japanese products!" as cans of South Korean beer are displayed on shelves at a grocery shop in Seoul. - Angry South Koreans are boycotting Japanese products from beer to stationery as a trade dispute between the neighbours intensifies, with thousands of shop owners even removing the imported goods from their shelves. Tokyo earlier this month ramped up long-running tensions over the use of forced labour during World war II by announcing restrictions on key exports used by South Korean chip and smartphone makers, including Samsung Electronics. (Photo by Jung Yeon-je / AFP) / TO GO WITH AFP STORY SKorea-Japan-economy-diplomacy-trade / FOCUS BY Claire Lee

U.S. 'close to finalizing' parts of trade deal with China – USTR

Oct 26, 2019 - 9:31 AM

USTR announces that the two countries have spoken about 'Phase One of the US-China trade agreement'

US Treasury Secretary Steven Mnuchin (R) greets Chinese Vice Premier Liu He as he arrives for trade talks at the Office of the US Trade Representative in Washington, DC, October 10, 2019. (Photo by SAUL LOEB / AFP) / “The erroneous mention[s] appearing in the metadata of this photo by SAUL LOEB has been modified in AFP systems in the following manner: [US Treasury Secretary] instead of [US Secretary of State]. Please immediately remove the erroneous mention[s] from all your online services and delete it (them) from your servers. If you have been authorized by AFP to distribute it (them) to third parties, please ensure that the same actions are carried out by them. Failure to promptly comply with these instructions will entail liability on your part for any continued or post notification usage. Therefore we thank you very much for all your attention and prompt action. We are sorry for the inconvenience this notification may cause and remain at your disposal for any further information you may require.”

#HustleEveryday: 5 food delivery services for your next office potluck

Oct 22, 2019 - 7:30 AM

Be the star of your next potluck party with ready-to-eat food trays delivered to your doorstep – a change from the usual spaghetti and barbecue!

Labor groups slam House bill proposing 2-year probationary period for workers

Oct 18, 2019 - 5:00 PM

Congressman Bonito Singson's bill is a 'cheap trick' to deprive workers of their rights, say Defend Job Philippines, the Trade Union Congress of the Philippines, and Bukluran ng Manggagawang Pilipino

BILL OPPOSED. Labor groups reject a bill proposing to extend the 6-month probationary period for workers to 2 years. Photo from Defend Job Philippines Facebook

China's growth slows to 6% in third quarter, weakest in 27 years

Oct 18, 2019 - 4:07 PM

With China a key driver of global growth, the soft reading adds to concerns about the world economy and prompts speculation that authorities will unveil fresh stimulus following a series of other measures in recent months

SLOW DOWN. This file photo taken on September 24, 2019 shows employees producing down coats at a factory for Chinese clothing company Bosideng in Nantong in China's eastern Jiangsu province. AFP Photo

Global economic outlook 'precarious,' no room for mistakes, IMF warns

Oct 15, 2019 - 11:34 PM

The US-China trade war alone is estimated to shrink the world economy by 0.8% in 2020, the International Monetary Fund says

GLOBAL ECONOMY. The International Monetary Fund logo is seen 05 April 2007 in Washington, DC.  File photo by Tim Sloan/AFP

Trump claims a victory in China trade war, but U.S. farmers want details

Oct 15, 2019 - 7:35 PM

American farmers aren't celebrating just yet, as they seek concrete information on the United States' tentative trade deal with China

Farmer Terry Davidson walks through his soy fields July 6, 2018, in Harvard, Illinois, the same day China imposed retaliatory tariffs aimed at the US soybean market. - Davidson, 41, is a fifth generation farmer, a Democrat among mostly Republicans. He expects to be farming long after the US-China trade tariffs become a distant memory. "We've survived since the 1800s and we're still going. So, I think we'll keep going," Davidson says. (Photo by Nova SAFO / AFP)

China imports, exports down in September 2019 as growth cools

Oct 14, 2019 - 4:10 PM

China's imports dive 8.5% while exports drop 3.2% in September 2019, amid its trade war with the United States

MANUFACTURING. Workers produce desks at a factory in Nantong in China's eastern Jiangsu province on September 4, 2019. Photo by AFP

Partial U.S.-China trade deal only 'baby step' as thorny issues remain

Oct 13, 2019 - 11:05 PM

Analysts say the initial trade agreement between the United States and China will take weeks to finalize and the details remain unclear

(FILES) This file photo taken on June 24, 2019 shows containers at the Qingdao Port Foreign Trade Container Terminal in Qingdao, in China's eastern Shandong province. - A partial US-China deal may only offer a temporary tariff reprieve because it lacks specifics and leaves the thorny issues for later, analysts said, allowing both economic powers to claim success. (Photo by STR / AFP) / China OUT

TUCP fears job losses under Citira bill

Oct 13, 2019 - 3:50 PM

The Trade Union Congress of the Philippines urges government agencies to put in place a 'genuine transition program' for displaced workers before Citira's implementation – not after

JOB LOSS? Citing estimates by business groups, labor group Trade Union Congress of the Philippines says some 700,000 workers may lose their jobs with the passage of the Citira bill. File photos by AFP

PH expects higher turnout at world’s biggest trade fair

Oct 13, 2019 - 2:59 PM

Philippine food manufacturers pitch their products at Anuga, known as a prime gateway to the European market

PH TEAM. DTI Asec Demphna Du-Naga, Philippine Ambassador Ma Theresa Dizon-de Vega, President Rodrigo Duterte's partner Honeylet Avanceña, and DTI Usec Abdulgani Macatoman at the opening ceremony of Anuga in Cologne, Germany. Photo by Carol Ramoran/Rappler

Embattled Trump takes victory lap on China trade deal

Oct 12, 2019 - 3:10 PM

However, some observers said the deal is underwhelming

TRUMP. US President Donald Trump delivers remarks at the Hispanic Heritage Month Reception at the White House in Washington, DC, September 27, 2019. Photo by JIM WATSON / AFP

U.S., China resume trade talks amid uncertainty

Oct 10, 2019 - 10:00 PM

The atmosphere surrounding the talks is acrimonious and shifting rapidly, with one news report overnight saying Chinese officials could cut short their visit

TRADE TALKS. US Treasury Secretary Steven Mnuchin (R) greets Chinese Vice Premier Liu He as he arrives for trade talks at the Office of the US Trade Representative in Washington, DC, October 10, 2019. Photo by Saul Loeb/AFP

August 2019 trade figures point to Q3 GDP growth struggle

Oct 10, 2019 - 6:30 PM

The Philippines' total trade declines by 7% in August 2019 due to weaker exports and continued decline in imports

U.S. curbs China officials' visas, demands end to Uighur 'repression'

Oct 09, 2019 - 7:21 AM

(UPDATED) US Secretary of State Mike Pompeo tweets: 'China must end its draconian surveillance and repression, release all those arbitrarily detained and cease its coercion of Chinese Muslims abroad'

CHINA MUST STOP. File photo of US Secretary of State Mike Pompeo. Photo by Nicholas Kamm/AFP

WTO approves U.S. tariffs worth $7.5B on EU goods in Airbus retaliation

Oct 02, 2019 - 10:48 PM

The ruling is the largest arbitration award in World Trade Organization history and a landmark moment in the 15-year long Airbus-Boeing battle

US TARIFFS. The World Trade Organization headquarters in Geneva on April 12, 2018. File photo by Fabrice Coffrini/AFP

China buys 'considerable' amount of U.S. pork, soybeans

Sep 26, 2019 - 8:05 PM

As the US-China trade war drags on, a Chinese commerce ministry spokesman says he hopes the two sides could 'create beneficial conditions for cooperation'

AGRICULTURAL IMPORTS. China says its market demand for high quality agricultural products is 'very large.' Photo from Shutterstock

China to exempt U.S. pork and soybeans from added tariffs – state media

Sep 13, 2019 - 9:49 PM

The announcement is the latest in a series of appeasement measures between the world's two biggest economies

China removes several U.S. products from tariffs list

Sep 11, 2019 - 8:45 PM

(UPDATED) This marks the first time China has announced products to be excluded from tariffs, as its trade war with the United States continues

South Korea to file WTO complaint over Japan's export curbs

Sep 11, 2019 - 8:15 PM

South Korea accuses Japan of violating World Trade Organization principles

TRADE WAR. The trade dispute between South Korea and Japan heats up. Photo from Shutterstock

Negros Trade Fair set to return for 34th year

Sep 11, 2019 - 4:30 PM

The long-running trade fair is once again putting the spotlight on Ilonggo culture

NEGROS TRADE FAIR. The upcoming event showcases the island's best products. Photos courtesy of Negros Trade Fair

Philippine total trade declines by 1.3% in July 2019

Sep 10, 2019 - 8:25 PM

Exports slightly improve by 3.5%, while imports drop by -4.2% in July 2019


Years later, cancer cases linger over 9/11 anniversary

Sep 09, 2019 - 10:14 AM

New York continues to count the number of people who have developed cancer or other serious illnesses related to the toxic cloud that hovered over Manhattan on September 11, 2001

CANCER DEATHS. The casket of retired NYPD detective Luis Alvarez is brought into Immaculate Conception Church on July 03, 2019 in the Queens borough of New York City. File photo by Spencer Platt/Getty Images/AFP

Getting out: Tariffs push some U.S. manufacturers to exit China

Sep 05, 2019 - 6:40 PM

A phone accessories manufacturer, for instance, sets up in the Philippines, Taiwan, and Vietnam due to the United States-China trade war

Workers produce desks for export to the US, France, Germany and other countries, at a factory in Nantong in China's eastern Jiangsu province on September 4, 2019. - China said on September 2 it had lodged a complaint against the United States with the World Trade Organization (WTO), one day after new tariffs imposed by Washington on billions of dollars worth of Chinese goods came into force. (Photo by STR / AFP) / China OUT

U.S., China to resume trade talks in Washington in October

Sep 05, 2019 - 11:55 AM

(UPDATED) The news will be seen as a sign of optimism in a trade war that has weighed on the global economy and stock markets while also shaking diplomatic relations between the two powers

Rising U.S. exports shrink trade deficit; China imports fall

Sep 05, 2019 - 10:15 AM

The United States trade gap narrows by 2.7% to $54 billion in July 2019, the largest drop in 5 months

U.S. TRADE. Chinese shipping containers are stored beside a US flag after they were unloaded at the Port of Los Angeles in Long Beach, California, on May 14, 2019. File photo by Mark Ralston/AFP

Google to pay $170-million fine for sharing YouTube kids data

Sep 04, 2019 - 9:25 PM

The settlement with the Federal Trade Commission and the New York state Attorney General is the largest amount in a case involving the Children's Online Privacy Protection Act, a 1998 federal law

Trump hardens tone on China as trade war rattles economy

Sep 04, 2019 - 9:25 AM

US President Donald Trump claims Chinese negotiators may be holding out for a better deal in hopes he will be voted out in the 2020 presidential elections

TRUMP ON IRAN. In this file photo, US President Donald Trump speaks to the press aboard Air Force One in flight on June 29, 2018. File photo by Saul Loeb/AFP

China lodges WTO trade complaint against U.S.

Sep 02, 2019 - 10:34 PM

'These American tariffs seriously violate the consensus reached by the leaders of our two countries in Osaka,' Beijing's commerce ministry says, referring to trade discussions in the Japanese city in June

TRADE WAR. The World Trade Organization headquarters in Geneva on April 12, 2018. File photo by Fabrice Coffrini/AFP