US Cuts Trade Ties With Myanmar Over Killing of Civilians
The Biden administration suspended an 8-year-old trade pact with Myanmar after the military regime killed more than 100 pro-democracy protesters over the weekend.
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Trade
Scientists Propose Bribing Offending Countries to Help Quell Deforestation
Rich countries are contributing to deforestation outside their own borders in some of the most ecologically sensitive areas of the planet. Researchers dropped names, and proposed bribes.
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Suez Canal Reopens After Removal of Stranded Ship
It will take days for the backlog of ships waiting to transit the canal to be cleared after a stranded container vessel was finally freed.
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Whiskey Makers Face Worsening Hangover From Trade Dispute
A hangover from Trump-era tariff disputes could become even more painful for American whiskey distillers unless their entanglement in a trans-Atlantic trade fight is resolved soon.
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Japan Raises Tariffs on US Beef After Hitting Import Limit
Imported American beef in Japan has proved so popular it’s topped the annual limits called “safeguards,” and the U.S. Meat Export Federation on Thursday urged Tokyo to raise the threshold.
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At Odds Over Brexit Deal, Legal Fight Erupts Between EU, UK
It was never going to be easy, but the post-Brexit era is heading into contentious waters after the European Union launched a legal challenge against the United Kingdom over issues related to Northern Ireland.
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UK Trade With EU Plunges After Brexit, Hurting Economy
U.K. trade with the European Union plunged in January as Britain’s departure from the bloc and widespread coronavirus restrictions dealt a double blow to the nation’s struggling economy.
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China Pineapple Ban Sparks Sour Rebuke From Taiwan
Taipei slammed a sudden Chinese ban on Taiwanese pineapples, describing the move on Friday as “economic intimidation” and likening it to recent tariffs Beijing slapped on Australian wine.
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WTO to Rule on US Ban on ‘Made in Hong Kong’ Label
The World Trade Organization agreed Monday to establish a dispute resolution panel on the new U.S. rule that all goods imported from Hong Kong must be stamped “Made in China.”
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Lobster Biz Braces for Chinese New Year Impacted by Pandemic
America’s lobster exporters recovered from the Trump-era trade war with China to have a good 2020. But the industry is approaching one of the most critical times of the year with trepidation because of the coronavirus.
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Oil Giant Total Withdraws From US Energy Lobbying Group
French oil and gas company Total said it has decided to withdraw from energy association American Petroleum Institute because it disagrees on climate-related policies.
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Brexit Paperwork Sours Belgian Beer Exports to UK
Some suppliers of Belgian beers are waking up to a post-Brexit hangover as exporting their brews to thirsty British drinkers across the Channel becomes more difficult and prices go up.
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Trump Tariffs on Cognac Hit a French Success Story
Tariffs on cognac were confirmed by the Trump administration on New Year’s Eve, marking the latest trade salvo from the outgoing U.S. president and a further escalation of a long-running transatlantic feud.
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Gulf Arab Leaders Sign Declaration With Qatar to Ease Rift
Gulf Arab leaders signed a declaration Tuesday in Saudi Arabia to mark a new page in relations following the kingdom’s decision to end a 3 1/2-year embargo of Qatar, easing a rift that deeply divided regional U.S. security allies and frayed social ties across the interconnected Arabian Peninsula.
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Poachers’ Paradise: Gulf Hunts Fuel Pakistan Falcon Trafficking
Since learning to capture birds as a teen, Muhammad Rafiq has amassed a small fortune in Pakistan trapping and trafficking falcons — including some endangered species — for wealthy Gulf Arabs.
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French Traders, EU Sound Alarm Over US Tit-for-Tat Tariffs
French wine exporters warned Thursday that they’ll take a billion-euro hit in 2021 from the latest ratcheting-up of punitive tariffs between the United States and Europe in a trade row over aircraft subsidies.
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UK House of Commons Backs Brexit Deal
After four and a half years of acrimonious debate over Brexit, the House of Commons on Wednesday overwhelmingly backed a trade deal the British government reached with the European Union to keep goods flowing across the English Channel after Britain leaves the bloc on New Year’s Day.
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EU and UK Finally Reach Brexit Trade Deal
Four and a half years after the Brexit referendum, the United Kingdom and the European Union reached a last-minute trade deal on Thursday that will ease tensions between the two sides and keep goods flowing.
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With Time Running Out, EU and UK Near Post-Brexit Trade Deal
European Union and British negotiators closed in on a trade deal Wednesday, raising hopes a chaotic economic break between the two sides on New Year’s Day could be averted, officials said.
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Ancient Teeth Reveal Bronze Age Trade Between South Asia, Mediterranean
The Levant was the site of global trade as long ago as 3,700 years, much earlier than previously believed, researchers found in an archaeological excavation of 16 Bronze Age bodies in modern Israel.
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