Australia says it’s open to moving its Israeli embassy to Jerusalem — and it could affect the country’s trade deals

Lior Mizrahi/Getty Images Indonesia may be considering killing off a trade deal with Australia after it raised the idea of moving its Israeli embassy to Jerusalem. Morrison told reporters he was “open-minded” on moving Australia’s embassy from Tel Aviv to Jerusalem, and recognizing Jerusalem as Israel’s capital. The statement provoked Indonesia, has the largest Muslim population in the world, […]

Giants exodus key to trade finale

THE dominoes are set to fall over the last two days of the AFL trade period, with GWS set to play a big part despite shedding players. The Giants salary caps woes are well known and the side will likely lose Dylan Shiel, who nominated Essendon and Tom Scully to Hawthorn for picks. But the […]

Ford’s sales in China collapsed 43% in September amid Trump’s trade war and an economic slowdown (F)

VCG/Getty Images Ford sales in China tanked 43% in September year-over-year. The drop is attributed to a confluence of factors, from Ford’s makeover of the company to the Chinese economic slowdown. The growing trade war between the US and China also most likely played a role. Ford has been dealing with a series of maladies […]

The US is reportedly eyeing an anti-China ‘poison pill’ for new trade deals

The US Commerce secretary Wilbur Ross signaled on Friday that Washington may flex its muscle with additional trading partners in order to exert additional trade pressure on China. Ross said a “poison pill” provision in the recently completed pact with Canada and Mexico could be replicated. The commerce secretary said in an interview that the provision was “another […]

China halts all oil imports from US amid escalating trade war

America’s second-largest oil client, China, has completely stopped buying crude from the United States as trade tensions between the world’s two largest economies continue to grow. While oil has not been included on the list of bilateral tariffs, Chinese refiners have been staying away from buying crude from the US. Read more “We are one […]

Trump’s new trade deal is just NAFTA ‘with some bells and whistles,’ analysts say

Jae C. Hong/AP Images Officials reached the US-Mexico-Canada Agreement after a year of negotiations Sunday. President Donald Trump portrayed it as a groundbreaking pact.  But analysts say the new agreement isn’t too different from the original NAFTA deal. While President Donald Trump hails a revised NAFTA as the “most advanced trade deal in the world,” […]

The trade deal between America and South Korea has barely changed

“IT’S a horrible deal. It was a Hillary Clinton disaster, a deal that should’ve never been made,” said America’s president in April 2017. Donald Trump was threatening to scrap his country’s free-trade agreement with South Korea, known as KORUS, claiming that it had left America “destroyed”. On September 24th, after he and Moon Jae-in, his […]