US President Donald Trump’s withdrawal from the joint communique following the G7 summit on Saturday has caused global headlines, with analysts focusing on personal motives behind the decision. The US reportedly agreed to endorse the communique, which emphasised a commitment to the “international rules-based order.” In a press conference after the summit, Canadian Prime Minister... View Article

The US is to relax its punitive measures against Chinese telecoms giant ZTE, removing a ban on the company from buying US parts. US Commerce Secretary Wilbur Ross announced yesterday that the Trump Administration has agreed to lift the ban, imposed in April and which was set to last for seven years. The Washington Post... View Article

As G7 leaders gather in Quebec for the 44th G7 summit, US President Donald Trump has already set a combative tone for the talks. Tweeting ahead of the summit, President Trump said he was “getting ready to go to the G-7 in Canada to fight for our country on Trade (we have the worst trade... View Article

The Association of South East Asian Nations (ASEAN) “matters to Britain and is a key component in the UK’s drive to increase trade with countries around the world,” the UK Minister of State for Trade and Export Promotion, Baroness Fairhead, said this week. In a comment piece highlighting the importance of ASEAN to UK trade,... View Article

Singapore has announced plans to set up an Artificial Intelligence (AI) advisory council as it moves ahead with plans to be a regional lead in big data and new technologies. Speaking of the plans – which The Business Times reports will include developing ethical standards for AI use – Minister for Communications and Information, S... View Article

China offered to buy $70bn worth of US goods over the next year during recent trade negotiations in Beijing, it has emerged. According to the Wall Street Journal, the offer was made during talks between US Commerce Secretary Wilbur Ross and Chinese Vice Premier Liu He over the weekend. The South China Morning Post reports... View Article

Talks between the US and China aimed at resolving trade tensions have failed to make significant progress, making a global trade war increasingly likely. US Commerce Secretary Wilbur Ross was in Beijing this weekend for a third round of trade negotiations, but talks with Chinese Vice Premier Liu He appear to have proven fruitless, prompting... View Article

The European Union (EU) and China have reaffirmed their support of the World Trade Organisation “as the centre of the rules-based, multilateral system,” and have pledged to deepen trade ties in response to new US tariffs. Washington allowed a tariff exemption period for the EU, Canada and Mexico to expire last night, resulting in 25... View Article

The US is proceeding with steel and aluminium tariffs aimed at key allies, including the European Union (EU), in the latest development in global trade tensions. US Commerce Secretary Wilbur Ross announced today that the US would allow tariff exemptions granted to the EU, Canada and Mexico to expire after recent negotiations failed to satisfy... View Article

The newly-elected Malaysian Prime Minister, Mahathir Mohamad, has cancelled one of the nation’s biggest infrastructure projects – a high-speed rail link between Kuala Lumpur and Singapore. According to Mahathir, the decision is final but will take some time to implement as the government seeks an agreement with Singapore regarding compensation, reports The Star Online. The... View Article