US President Elect Donald Trump plans to kill of the Transpacific Partnership on his first day in office. That's what he said in a video message he released on Monday. That could mean a quick end to the deal that was 7 years in the making.
German Chancellor Angela Merkel has rebuked the "America First" approach to free trade of US President Donald Trump. Meeting in Brussels, European and Asian leaders have pledged to create "win-win" situations.
Washington is looking to fix "chronic" trade imbalances by negotiating trade agreements with the UK, the EU, and Japan, US officials have said. Donald Trump's efforts to cut trade deficit have so far been unsuccessful.
'Global Partners for Global Challenges' is the theme of the two-day summit in Brussels. Ministers from China, Japan and Russia have made the trip to reaffirm support for multilateral cooperation.
The tariff tiff between China and the US has reached levels unimaginable a year ago. But China is running out of ammunition and the global trade regime may be on the brink of big change, says DW's Timothy Rooks.
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