GFM Network News


U.S., China reset trade relationship with Phase One agreement

Washington | Reuters — The United States and China announced an initial trade deal on Wednesday that will roll back some tariffs and boost Chinese purchases of U.S. goods and services, defusing an 18-month conflict between the world’s two largest economies. Beijing and Washington have portrayed their “Phase One” agreement as a momentous step after […] Read more




U.S. vows 100 per cent tariffs on France’s champagne, cheese over digital tax

Washington | Reuters — The U.S. government on Monday said it may slap punitive duties of up to 100 per cent on US$2.4 billion in imports from France of champagne, handbags, cheese and other products, after concluding that France’s new digital services tax would harm U.S. tech companies. The U.S. Trade Representative’s office said its […] Read more



U.S., Japan sign limited trade deal

New York | Reuters — U.S. President Donald Trump and Japanese Prime Minister Shinzo Abe signed a limited trade deal on Wednesday that cuts tariffs on U.S. farm goods, Japanese machine tools and other products while further staving off the threat of higher U.S. car duties. Trump said the deal would open up Japanese markets […] Read more


Japan set to grant TPP-level access for U.S. beef, pork

Tokyo | Reuters — The United States and Japan have reached the broad framework of a trade agreement, Japan’s Nikkei business daily said on Saturday, with Tokyo making concessions on its agriculture but none immediately apparent from Washington on automobiles. U.S. Trade Representative Robert Lighthizer and Economy Minister Toshimitsu Motegi reached the deal in Washington […] Read more



U.S. boosts trade pact’s outlook lifting tariffs on Canadian, Mexican metals

Washington/Ottawa | Reuters — The United States struck deals on Friday to lift tariffs on steel and aluminum imports from Canada and Mexico, the three governments said, removing a major obstacle to legislative approval of a new North American trade pact. The separate agreements, which will not impose U.S. quotas on Canadian and Mexican metals […] Read more

USMCA deal modestly boosts U.S. economy, trade panel finds

Washington | Reuters — The new North American free trade pact would modestly boost the U.S. economy, especially auto parts production, but may curb vehicle assembly and limit consumer choice in cars, a hotly anticipated analysis from the U.S. International Trade Commission showed on Thursday. The ITC report is a crucial step in the push […] Read more