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The closure of the Strait of Hormuz has stranded nearly 1,200 cargo ships carrying approximately $125 billion worth of goods, according to the Financial Times.
The Group of Seven industrial nations pledged this week to set an ambitious target for reducing reliance on China, boosting the European Union’s effort to address a growing trade imbalance with the world’s largest exporter.
China is choking shipments of some critical minerals to Japan, a slowdown that’s hurting companies and prompting calls for Prime Minister Sanae Takaichi to find a diplomatic off-ramp with Beijing
Mexico will formally propose a 16-year extension of the United States-Mexico-Canada Agreement (USMCA) at a virtual trilateral meeting on July 1, with President Claudia Sheinbaum set to sign the request, Economy Minister Marcelo Ebrard said.
EU consumers will face higher online shopping costs next week when a new levy primarily targeting China takes effect, adding a layer of trade friction between the two economies.
Swiss lower house of parliament rejects Mercosur trade deal.
UK PM Starmer and India's Modi inadvertently revealed in a G7 hot mic moment that their two countries had resolved a trade impasse.
Thailand revives a $30 billion coast-to-coast corridor project aimed at rivaling the Strait of Malacca as a major trade route.
The European Union is preparing trade relief measures for Armenia following Russian import bans, according to the Financial Times.
EU lawmakers voted to endorse the EU-US trade deal in a vote in Strasbourg today, despite a threat by US President Donald Trump to hit French wine with new tariffs.
The European Parliament has voted to approve legislation to implement the EU/U.S. trade deal.
A US rule on connected cars is prompting Ford and other automakers to seek licenses for models built in China.