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Asia trade pact at ‘point of no return’

Bloomberg Global trade tensions could derail a landmark regional agreement encompassing 16 countries including India, China and Australia if a deal is not struck by November, said Indonesian Minister of Trade Enggartiasto Lukita. Negotiations for the Regional Comprehensive Economic Partnership, or RCEP, have reached the “point of no return” as increasingly hostile trade tensions could dampen a deal seven years ...

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Trade war gloom getting ‘scary’: Volkswagen

Bloomberg Volkswagen AG and other carmakers warned that trade tensions risk dragging the global economy into a recession as the fallout starts to hit consumers. The gloom of the US and China’s tit-for-tat tariffs cast a shadow over the Frankfurt Auto Show this week, where carmakers were seeking to whip up interest in critical new electric models. The geopolitical volatility ...

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EU names Irish Brexit critic to lead trade talks with Britain

Bloomberg Ireland’s Phil Hogan is set to be the European Union’s next trade commissioner, an appointment that puts the bloc’s relationship with the UK right at the heart of policy making. Hogan, an outspoken critic of Brexit and the British government’s approach to the border between Ireland and Northern Ireland, was nominated by incoming European Commission President Ursula von der ...

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