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.
Britain struck its first post-Brexit trade deal with Japan on Friday, hailing the agreement as a “historic moment,” just as it is struggling to clinch a deal with its closest trading partners in the European Union.
Last month, Frank Jannuzi, a key Biden aide when the president-elect was in Congress, wrote that Washington should prioritise free trade negotiations with Taiwan to encourage others, including Britain, the European Union and Japan, to follow suit.
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".