Latest news with #tradeDeals
Bloomberg
2 days ago
- Business
- Bloomberg
US Farm Sentiment at 4-Year High as Trump Pushes for Trade Deals
American farmer sentiment jumped to a four-year high, with growers betting on rising crop exports as the Trump administration pushes for more trade deals from Vietnam to Italy. Agriculture Secretary Brook Rollins said during a visit to Rome on Tuesday that she is working to get Europe to buy more US products including wheat and soybeans. That comes after Vietnam announced deals to buy American grain and the US reached a trade truce with China.
Bloomberg
27-05-2025
- Business
- Bloomberg
Taiwan's Dollar Inches Close to May Peak as Greenback Retreats
The Taiwanese dollar is edging close to a peak set earlier this month, when it notched the biggest single day gain since the 1980s. The currency advanced past 30 per dollar this week and is less than 1% shy of reaching this month's strongest level. The latest bout of the currency's appreciation has been gradual, mostly driven by greenback weakness spurred by uncertainty over trade deals and US fiscal concern.
Bloomberg
23-05-2025
- Business
- Bloomberg
Bessent Sees ‘Several Large' Trade Deals in Next Few Weeks
Treasury Secretary Scott Bessent said there could be 'several large' trade deals announced in the next couple of weeks, adding that he expects Trump administration officials will meet with their Chinese counterparts again in-person to negotiate those tariffs. 'My sense is, over the next couple of weeks we're going to have several large deals announced,' Bessent said in an interview with Bloomberg TV's David Westin on Friday. Regarding China, he said 'I expect that we will be negotiating in-person with them again.'
The Independent
23-05-2025
- Business
- The Independent
‘Key issues' including trade discussed in talks between Starmer and Swinney
Trade deals and the need to end conflicts in Ukraine and Gaza were on the agenda when Sir Keir Starmer held talks with Scotland's First Minister. The recently closed Grangemouth oil refinery in Scotland and the need for more investment in carbon capture technology were also on the agenda, a spokesperson for John Swinney said. The two men had discussions in London as senior figures from across the UK gathered for Friday's Council of Nations meeting. The body was established by the Prime Minister to bring together UK ministers with the devolved governments in Scotland, Wales and Northern Ireland, and English mayors. Ahead of the talks, Sir Keir had stressed recent trade deals struck by his Government with the US, India and the EU would help 'improve livelihoods' across the UK. A spokesperson for Mr Swinney confirmed afterwards that trade deals had been amongst the 'key issues' discussed in the talks. They said: 'The First Minister held talks with the Prime Minister where they discussed key issues, including tackling child poverty, migration and growing the economy – not least by investing in Grangemouth, carbon capture and Project Acorn. 'Discussions on international relations included trade deals, Ukraine and Gaza, including the need to end conflict and ensure humanitarian assistance.' Mr Swinney also had talks with the First Minister of Wales and the First Minister and deputy First Minister of Northern Ireland to 'discuss areas of common concern', the spokesperson added. Ahead of the Council of Nations meeting for the second time after its establishment, Sir Keir had stressed the 'long-term security' the trade deals could deliver. Scottish produce such as whisky, salmon and gin will all receive a boost from tariffs being slashed and trade barriers being cut, the UK Government has said. Meanwhile Welsh farmers will benefit from the elimination of India's lamb tariffs and the ability to export meat products to the EU. Northern Irish whiskey exports to India will benefit from tariffs halving from 150% to 75% before falling further to 40% over a decade. Sir Keir said: 'They will create opportunities for more seamless trade and attract inward investment to grow the economy, making a difference to people's lives. 'These changes will be felt everywhere, whether it's lower food prices at the checkout, more choice for consumers and higher living standards that will improve livelihoods.'
Bloomberg
23-05-2025
- Business
- Bloomberg
Bessent Sees Deals Announced Before 90-Day Tariff Pause Ends
Treasury Secretary Scott Bessent said he anticipates that trade deals will be announced with other nations ahead of the expiration of the 90-day pause on the steep 'reciprocal' rates that President Donald Trump unveiled on April 2. 'These deals are moving quickly, and I think as we approach the end of the 90-day period, we're going to see more and more of them announced,' Bessent said in an interview with Fox News on Friday. 'Many of the Asian countries have come with very good deals.'
