Rachel Reeves, UK Finance Minister, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22, 2025. Gerry Miller | CNBC The U.K. is “not part of the problem” when it comes to “persistent” trade deficits that President Donald Trump wants to tackle, the country’s finance minister told CNBC Wednesday….
A trade war is not in the interest of the European Union or the U.S., Spain’s prime minister told CNBC Wednesday. “We share a strong transatlantic bond … our economies are very interlinked and I believe a trade war is not in the interest [of either party], neither for the U.S., neither for the European…
Getty Images Sandeel is a favourite food of threatened seabirds such as puffins The humble sandeel is set to take centre stage in the first courtroom trade battle between the UK and EU since Brexit. The UK has banned European vessels from catching the silvery fish species in its North Sea waters to protect marine…
If President-elect Donald Trump follows through with his threat to impose tariffs on Canadian goods, Ottawa is prepared to retaliate with levies that could take aim at the energy sector, Canada’s minister of international trade, Mary Ng, said Thursday. “Everything is on the table,” Ng told global markets reporter Seema Mody on CNBC’s “Squawk on…
Cattle photographed in New Zealand. Agriculture plays a major role in New Zealand’s economy, especially when it comes to exports. David Clapp | Stone | Getty Images New Zealand’s prime minister told CNBC the country has to look beyond its own backyard for trade opportunities, as the South Pacific island nation signs an economic partnership with…
European markets dipped slightly lower Thursday, following an initially positive start to 2025 trading. The pan-European Stoxx 600 index reversed earlier gains to trade 0.3% lower by 11:18 a.m. London time as regional bourses reopened after the New Year’s Day holiday. Banking stocks led losses, shedding over 2%, while autos also fell 1.8%. Oil and…
After two years of record drought conditions amid a challenging El Nino weather system which decimated vessel transits, the Panama Canal is experiencing a trade rebound. Ricaurte Vásquez, administrator of the Panama Canal Authority, tells CNBC the canal has changed its business model to optimize water usage and improve forecasting in an effort to restore…
A flag stall at the Yiwu Wholesale Market in Zhejiang province, China, on May 10, 2019. Aly Song | Reuters BEIJING — China emphasized the need for greater cooperation with the U.S., a day after it became clear President-elect Donald Trump would become the next leader of the White House. “The Chinese side is willing,…
Donald Trump vowed on his campaign that he would tax all goods imported into the US if he won back the White House. Following his victory, businesses and economists around the world are scrambling to work out how serious he is. In the past, Trump has targeted tariffs at individual countries such as China or…
JAKARTA, – Indonesian authorities investigating graft have arrested a former trade minister turned government critic on suspicion of improperly granting a sugar import permit in 2015 that led to losses of $25 million. Indonesia arrests former trade minister in sugar import graft case Thomas Trikasih Lembong was named a suspect and arrested late on Tuesday…
