Trade breakthrough: EU, Mercosur sign landmark free trade pact; 25-year negotiations end amid global tariff tensions

Trade breakthrough: EU, Mercosur sign landmark free trade pact; 25-year negotiations end amid global tariff tensions

The European Union and the Mercosur on Saturday formally signed a long-awaited free trade agreement, closing more than 25 years of negotiations and creating one of the world’s largest integrated trading zones.The agreement was signed in Asunción, marking a significant geopolitical win for the EU at a time of intensifying global trade frictions, rising tariffs…

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US-China trade tensions: Beijing rolls back 'special port fees' on US vessels for one year

US-China trade tensions: Beijing rolls back ‘special port fees’ on US vessels for one year

The United States and China have begun rolling back trade actions, after the Busan meeting ended with “a great success.”Beijing recently suspended the export ban on ‘dual use’ materials while US reduced the fentanyl related duties from 20% to 10%.China also suspended the ‘special port fees’ on US vessels. ‘FOOLS’: Trump Promises To Pay $2,000…

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