GFM Network News


U.S. Trade Representative Katherine Tai is sworn in at the White House on March 18, 2021. (Photo: Reuters/Tom Brenner)

New U.S. trade chief Tai focused on CUSMA, China ties in calls

New trade deals on hold for now, White House says

Reading Time: 2 minutes Washington | Reuters — New U.S. Trade Representative Katherine Tai mapped out her priorities and Washington’s desire to rebuild alliances in initial calls on Monday with her counterparts from Canada, Britain and the European Union. Tai, sworn in Thursday as President Joe Biden’s top trade negotiator, emphasized climate change, racial equity and the need to […] Read more

Incoming WTO director-general Ngozi Okonjo-Iweala takes part in an online meeting before speaking during an interview with Reuters in Potomac, Maryland on Feb. 15, 2021. (Photo: Reuters/Joshua Roberts)

Nigeria’s Okonjo-Iweala makes history as new head of WTO

Geneva-based body leaderless for six months; Trump paralyzed some of WTO's functions

Reading Time: 4 minutes Geneva/Washington | Reuters — Three months after the Trump administration rejected her, former Nigerian finance minister Ngozi Okonjo-Iweala received unanimous backing on Monday to become the first woman and first African director-general of the World Trade Organization. A self-declared “doer” with a track record of taking on seemingly intractable problems, Okonjo-Iweala will have her work […] Read more


U.S. President Donald Trump participates in a disaster recovery briefing following last week’s severe windstorm, at the Eastern Iowa Airport in Cedar Rapids on Aug. 18, 2020. (Photo: Reuters/Tom Brenner)

Trump visits Iowa as officials warn storm destroyed corn crops

Reading Time: 2 minutes Cedar Rapids | Reuters — U.S. lawmakers and state officials from Iowa said on Tuesday that much of the state’s corn crop will not be harvested following a fierce windstorm last week, as President Donald Trump visited to review the damage. The destruction from the Aug. 10 derecho storm compounded troubles for a U.S. agricultural […] Read more

(File photo)

U.S. egg prices hit record levels as pandemic buying boosts demand

Reading Time: 2 minutes Washington | Reuters — Increased demand for eggs in the United States has sent egg prices soaring in recent weeks as consumers scramble to stock up on staples due to coronavirus shutdowns. Wholesale prices of “Midwest large” eggs hit an all-time high of $3.09 a dozen on Thursday, triple their level in early March, before […] Read more


A guest looks at their corn cob-themed tie signed by U.S. President Donald Trump during a signing ceremony for the Canada-U.S.-Mexico Agreement (CUSMA) on the South Lawn of the White House in Washington on Jan. 29, 2020. (Photo: Reuters/Leah Millis)

Trump signs CUSMA pact

Canada's ratification still to come

Reading Time: 3 minutes Washington | Reuters — President Donald Trump on Wednesday signed a new North American trade agreement during an outdoor ceremony at the White House attended by about 400 guests — but not the key Democrats who helped secure congressional passage of the deal. Trump, on trial in the U.S. Senate on charges of abusing power […] Read more

Chinese Vice-Premier Liu He and U.S. President Donald Trump shake hands after signing “Phase One” of a U.S.-China trade agreement during a ceremony at the White House in Washington on Jan. 15, 2020. (Photo: Reuters/Kevin Lamarque)

U.S., China reset trade relationship with Phase One agreement

Reading Time: 2 minutes Washington | Reuters — The United States and China announced an initial trade deal on Wednesday that will roll back some tariffs and boost Chinese purchases of U.S. goods and services, defusing an 18-month conflict between the world’s two largest economies. Beijing and Washington have portrayed their “Phase One” agreement as a momentous step after […] Read more


Canadian Deputy Prime Minister Chrystia Freeland, Mexico’s President Andres Manuel Lopez Obrador and U.S. Trade Representative Robert Lighthizer attend a meeting at the Presidential Palace in Mexico City on Dec. 10, 2019. (Photo: Reuters/Henry Romero)

Canada, U.S., Mexico sign agreement, again, to replace NAFTA

Reading Time: 4 minutes Washington/Mexico City | Reuters — Top officials from Canada, Mexico and the United States signed a fresh overhaul of a quarter-century-old trade pact on Tuesday that aims to improve enforcement of worker rights and hold down prices for biologic drugs by eliminating a patent provision. The signing ceremony in Mexico City launched what may be […] Read more

Champagne vineyards at Montagne de Reims, France. (Southtownboy/iStock/Getty Images)

U.S. vows 100 per cent tariffs on France’s champagne, cheese over digital tax

Reading Time: 2 minutes Washington | Reuters — The U.S. government on Monday said it may slap punitive duties of up to 100 per cent on US$2.4 billion in imports from France of champagne, handbags, cheese and other products, after concluding that France’s new digital services tax would harm U.S. tech companies. The U.S. Trade Representative’s office said its […] Read more


A cargo ship is loaded with Brazilian soybeans bound for China. (Photo: Reuters/Paulo Whitaker)

Trump, citing U.S. farmers, slaps metal tariffs on Brazil, Argentina

Reading Time: 3 minutes Washington/Rio de Janeiro | Reuters — U.S. President Donald Trump ambushed Brazil and Argentina on Monday, announcing tariffs on U.S. steel and aluminum imports from the two countries in a measure that shocked South American officials and left them scrambling for answers. In an early morning tweet, Trump said the tariffs, “effective immediately,” were necessary […] Read more

U.S. President Donald Trump speaks while meeting with China’s Vice Premier Liu He in the White House Oval Office, April 4, 2019.  Photo: Reuters/Jonathan Ernst

China to request U.S. remove tariffs in exchange for ag buys

Reading Time: 3 minutes Washington | Reuters – Top U.S. and Chinese trade officials will discuss plans on Friday for China to buy more U.S. farm products, but in return, Beijing will request cancellation of some planned and existing U.S. tariffs on Chinese imports, people briefed on the talks told Reuters. Robert Lighthizer, the United States Trade Representative, U.S. […] Read more