The European Union (EU) signed a landmark free trade deal with Vietnam on Sunday, the first of its kind with a developing country in Asia, paving the way for tariff reductions on 99% of goods between the trading bloc and Southeast Asian country.
The deal will give Sanofi exclusive US over-the-counter (OTC) rights to Tamiflu, which is used for the prevention and treatment of flu.
President Donald Trump on Thursday for the first time linked a dispute over telecom giant Huawei, which he views as a threat to American security, with a deal to resolve the US-China trade war.
Washington is open to a “historic” trade deal with China, President Donald Trump said on Saturday as he met President Xi Jinping, who called for “cooperation and dialogue.”
Top US and Chinese trade officials met in Shanghai on Wednesday for talks in a bid to end a year-long trade war, despite low expectations for progress and combative remarks
Imports of US goods fell 22.5% from a year earlier to $10.3 billion following Chinese tariff hikes and orders to companies to cancel orders, customs data showed Sunday. Exports to the United States, China's biggest market, sank 16% to $44.4 billion.
The "phase one" deal is also a boon for Donald Trump as he faces an impeachment trial and a tough re-election fight this year, with the US president hailing the agreement as "momentous".
The Phase 1 agreement caps 18 months of tariff conflict between the world's two largest economies that has hit hundreds of billions of dollars in goods, roiling financial markets, uprooting supply chains and slowing global growth.
Donald Trump has warned China that carrying out a Tiananmen Square-style crackdown on Hong Kong pro-democracy protests would harm trade talks between the two countries, in comments that followed a huge,