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China, South Korea and Japan agree to strengthen free trade
China, South Korea and Japan agreed Sunday to strengthen free trade, according to a joint statement from their top officials meeting in Seoul. South Korea and Japan are major auto exporters, while China has also been hit hard by new US tariffs.
US, China raise the stakes in Panama Canal ports row
China's fury at the sale of Panama Canal ports to a US-led consortium reflects how container hubs have become prized currency as Beijing and Washington vie for global influence, analysts say.
Australian black market tobacco sparks firebombings, budget hole
Sky-high tobacco prices in Australia have created a lucrative black market, analysts say, sparking a violent "tobacco war" and syphoning away billions in potential tax revenue. In March, the government cut its budget forecast for tobacco tax revenue in the period to 2029 by Aus$6.9 billion.
Protesters denounce Musk at Tesla dealerships in US, Europe
Demonstrators descended on Tesla dealerships across the United States and Europe on Saturday to protest company chief Elon Musk, who has amassed extraordinary power as a top advisor to US President Donald Trump. Hundreds rallied Saturday outside the Tesla dealership in New York's Manhattan.
UK dreams of US trade deal before Trump tariffs
Britain's government is hoping to reach a last-minute post-Brexit trade agreement with Washington to avoid -- or at least mitigate -- more tariffs set to be announced on Wednesday by US President Donald Trump. Prime Minister Keir Starmer, leader of the Labour party that won power in July, visited Washington at the end of February and came away hopeful an accord could be reached.
'Defiant' Canada autoworkers vow to fight tariff layoffs
Jeff Gray, a union leader for Canadians working for GM, has a message for companies considering moving auto jobs to the United States in response to President Donald Trump's tariffs. Gray said his great-grandfather was a founding member of the union in 1937, and multiple relatives have worked for GM since, a story common across Oshawa.
Trump auto tariffs strike at heart of North American trade
US President Donald Trump's tariffs on imported cars strike at the heart of a North American free trade agreement, threatening to disrupt supply chains and raise prices, experts say. - More expensive cars - Analysts and US trading partners warn that the tariffs will raise prices for American consumers.
US 'in arrears' at the WTO
The United States has not paid its 2024 dues to the World Trade Organization and is therefore now deemed to be in "arrears", the WTO's spokesman said Friday. Washington has also not yet paid its dues for 2025, though contributions from the WTO's 166 members often do not come in until mid-year.
US Fed's preferred inflation gauge shows some cause for concern
The US Federal Reserve's preferred inflation measure was largely unchanged last month, according to government data published Friday, but a widely scrutinized gauge of underlying price pressures rose. Personal income increased by 0.8 percent last month, according to the Commerce Department data published Friday.
AFP
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