International Trade News of the Week | August 2-8, 2020
Below is a summary of top stories this week. To stay up-to-date, be sure to sign up to receive our emails and follow us on social media.
- BREAKING — US to reimpose tariffs on Canadian aluminum. Read the White House announcement here and find out more here.
- U.S. Trade Deficit drops in June from a jump in exports. (more below)
- Search continues after deadly Beirut blast
- U.S.-China relations are under ‘unprecedented’ strain, says Chinese ambassador to the U.S. U.S. and Chinese officials are planning to assess the nations’ trade agreement this month against a backdrop of rising tensions. China recently made its biggest-ever U.S. corn order. Trump issues order to block US transactions with TikTok parent company beginning in 45 days.
- Eurozone business activity returned to modest growth in July. German economy sees deepest decline on record.
- Ireland one of the countries most affected in transatlantic trade dispute.
- Latin America is battling one disaster as a mammoth recession looms. Argentina reached a deal to restructure its debt. Now for the hard part: Argentina must fix economy after debt deal. Ecuador finds investor support for $17.4bn debt restructuring.
- Latin America accounts for close to 30% of global cases and fatalities, with infections still spreading fast. An Extra 45 Million People Will Fall Into Poverty As The Economies Of The Caribbean And Latin America Shrinks. Ecuador is on alert over huge Chinese fishing fleet off Galapagos Islands. Update from LatinFinance: Latin America moves to mitigate impact of COVID-19.