Global trade

The Chinese government was quick to cheer Australia’s rejection of a United States’ call to send a warship to help police vital Red Sea trade routes, gushing Wednesday that Canberra was finally stepping out of America’s “shadow.”

A stop-and-board operation by Iran’s paramilitary Revolutionary Guard Corps. helped it seize a Panamanian-flagged oil tanker in the strategic Strait of Hormuz on Wednesday.

Argentina struck a deal with Beijing on Wednesday to stop using U.S. dollars to pay for Chinese imports and embrace the yuan instead.

Olaf Scholz has approved the controversial sale of a stake in the port of Hamburg to a Communist Chinese state-owned shipping giant.

Eighty thousand shipping containers are stuck at the Port of Savannah – a full 50 percent more than normal, the New York Times reported Sunday.

President Joe Biden is still struggling to meet the immediate challenge of clogged sea ports, as American consumers face major shortages ahead of the Christmas holiday season.

No country has had a more positive impact on the modern world than Britain, former Australian Prime Minister Tony Abbott said Monday, speaking as the last details of a post-Brexit trade deal between the two nations were being finalised.

The massive container ship MV Ever Given which has been blocking the Suez Canal for almost a week was “partially refloated” Monday morning, raising hopes the critical waterway will soon be cleared for a resumption of maritime traffic.

China overtook the U.S. as the European Union’s top trading partner in 2020, as ties between Brussels and Beijing continue to deepen.

The world´s biggest shipping company said it expects its transport volumes to drop by up to 25% as the world economy slides to recession,

U.S. President Donald Trump on Tuesday said he and Chinese President Xi Jinping will have a signing ceremony to confirm the first phase of the trade deal agreed to this month.

President Donald Trump said Wednesday evening that he would delay proposed tariffs on China in October, as a positive gesture to Vice Premier Liu He.

WASHINGTON, DC — Foreign Minister of Brazil Ernesto Araujo claimed on Wednesday his country has “benefitted a lot from trade with China,” apparently diverging from conservative President Jair Bolsonaro’s warnings against business with the communist regime as a presidential candidate last year.

President Donald Trump said Wednesday he was the “chosen one” to battle China in the ongoing trade war between the two countries.

Iran on Sunday slammed as “hostile” a UK push for a European-led naval mission to escort tankers transiting the Strait of Hormuz, amid heightened tensions over the seizure of foreign-flagged vessels.

Secretary of State Mike Pompeo announced on Tuesday that sanctions will be imposed on China’s Zhuhai Zhenrong Company and chief executive Youmin Li for purchasing Iranian oil in defiance of U.S. sanctions.

U.S. President Donald Trump touched down in Osaka, Japan, early Thursday morning ahead of his third G20 summit meeting.

U.S. President Donald Trump on Monday spoke out in favor of  “great” American wine when he promised to confront France over unfair tariffs on the imported product.

Another day, another anti-U.S. threat from Tehran. Iran’s foreign minister warned on Monday that America  “cannot expect to stay safe” in any economic war against the Islamic republic.

President Donald Trump defended tariffs as a “beautiful thing” on Thursday and said Republicans should support him.

President Donald Trump defended his decision Friday to raise trade tariffs on China to 25 percent after they walked back a proposed trade deal.

The European Union (E.U.) is ready to open an alternative channel to drive trade and finance with Iran that would sidestep U.S. sanctions against the Islamic republic, Germany’s foreign minister said Monday.

The UK and Israel confirmed a post-Brexit free trade deal Wednesday with International Trade Secretary Liam Fox saying the two countries have shaken hands on a future agreement.

A new bilateral Wine Agreement and Mutual Recognition Agreement was signed in London on Saturday designed to help ease the continued flow of post-Brexit trade between Australia and the UK.

China is taking advantage of waivers from Iran sanctions granted by the United States to pitch a $3 billion oil field development to Iran, even as European nations are halting their purchases of Iranian crude.

TEL AVIV – Prime Minister Benjamin Netanyahu told Brazilian Jewish leaders on Sunday that Brazilian President-elect Jair Bolsonaro revealed moving the embassy from Tel Aviv to Jerusalem was a matter of “when, not if.”

The Iraqi government is refusing to comply with a second round of United States economic sanctions targeting Iran’s crucial energy, shipping and banking sectors.

President Donald Trump finally reacted on Tuesday to French President Emmanuel Macron’s speech condemning nationalism, noting his low approval ratings.

The U.S. will  “squeeze” Iran “until the pips squeak” through the tough new round of trade sanctions now in force, National Security Advisor John Bolton promised Tuesday.

TEL AVIV – Nation of Islam leader Louis Farrakhan on a visit to Tehran described President Donald Trump as a lying Satan and urged Iranians to resist American “plots” against Iran and other Muslim countries, according to a report by the state-affiliated Islamic Republic News Agency.

JERUSALEM – Israeli Defence Minister Avigdor Lieberman welcomed US sanctions that took effect Monday targeting Iran’s oil and financial sectors, calling it a “critical” blow to Tehran’s actions in the region.

Iranians took to the streets of Tehran Sunday to mark the 39th anniversary of the U.S. Embassy takeover, as Washington restored all sanctions lifted under the flawed Obama-era JCPOA nuclear deal.

Iran’s oil export industry and financial institutions are bracing for turmoil while applauding European Union support ahead of new U.S. trade sanctions that begin Monday.

Negotiations between Iran and the E.U. aimed at establishing a special payments channel to evade President Donald Trump’s renewed trade sanctions against Tehran are well underway, Iranian deputy Minister of Petroleum, Amir Hossein Zamaninia confirmed.

China, blindsided by the Trump administration’s trade offensive, has been working overtime to maintain its relationship with the Pentagon.

Germany’s top-selling paper Bild wants a halt to all bi-lateral E.U. trade with the Islamic Republic of Iran because of its support for global terrorism and commitment to the destruction of the Jewish state of Israel.