President Xi Jinping called on BRICS members to uphold multilateralism and improve global governance. Trade wars should be rejected because there will be no winner, and those who pursue such a course will only end up hurting themselves, the Chinese leader said at the BRICS summit in Johannesburg on Wednesday.
The Trump administration on Tuesday said it will use a Great Depression-era program to pay up to US$ 12 billion to help U.S. farmers weather a growing trade war with China, the European Union and others that the president began. It is a clear signal the U.S. President Donald Trump is determined to stick with tariffs as his weapon of choice in the conflict.
The United Kingdom Government published on Tuesday its latest paper on Brexit entitled “Legislating for the Withdrawal Agreement between the United Kingdom and the European Union”.Chapter 1/11 refers to Crown Dependencies and UK Overseas Territories and states the UK government “will continue to engage and keep these jurisdictions informed as the Bill is developed”.
We don't want money, we want dignity, was the reply of Italian Minister of Interior Matteo Salvini to the European Commission proposal for EU member states be paid 6,000 Euro to accept and deal with each migrant saved at sea in the Mediterranean as they attempt to reach the European Union.
UK Prime Minister Theresa May has informed Parliament that she is taking personal control of EU withdrawal negotiations, with new Brexit Secretary Dominic Raab “deputizing” for her in talks.
Argentina's economy shrank 5.8% in May versus the same month last year, government statistics agency Indec said on Tuesday, the second straight month of declines in a sign of looming recession and a possible GDP contraction in 2018.
Ecuador has said its president will not discuss the future of Julian Assange during a visit to the UK. Lenin Moreno was scheduled to speak in London and later travel to Scotland to the University of Edinburgh. He will also address businessmen interested in investing in Ecuador.
Reports that China wants a “long-last relationship” with Brazil in terms of trade in agricultural goods and other products received attention in Asian markets. The two countries are ready to take their trade relationship “to new levels” amid an escalation of global trade wars, China's ambassador to Brazil Li Jinzhang said during an agribusiness conference in São Paulo on Monday.
Brazil could benefit by offering access to its domestic markets in exchange for opening new foreign markets to its farm products, Agriculture Minister Blairo Maggi said on Monday, pointing to opportunities in the trade of pork and coffee.
Mercosur and Singapore have started negotiations for a free trade agreement, officials from both sides announced on Monday on the sidelines of the 13th Pacific Alliance Summit held in Puerto Vallarta, Mexico.