Latest news with #trade friction
South China Morning Post
23-07-2025
- Business
- South China Morning Post
High stakes, low expectations as EU and China prepare for summit in Beijing
Advertisement The murmurs of a détente that grew in the first quarter have given way to fresh tensions, with the problems between the two sides multiplying and widening to a surprising degree before Thursday's showdown in the Chinese capital. In recent months, trade friction and China's support for Russia have resurfaced as flashpoints, dashing any prospect for a feel-good summit. In a sign of its frustration at how poorly things are going, China cancelled the summit's second day in Hefei, an industrial city in Anhui province where European Commission chief Ursula von der Leyen has family links. The only deliverable is a joint statement on climate issues, negotiations for which were fraught, but finally concluded overnight on Tuesday, with the text sent to Brussels for the approval of EU ambassadors on Wednesday. Otherwise, the pickings are slim. Advertisement 'The European deliverable is a substantive, open, direct, good, constructive conversation between the two of us on every aspect of this relationship,' said one official, reflecting just how low the bar has fallen.
Reuters
18-07-2025
- Business
- Reuters
Canada weighs limits on US lumber exports to ease trade friction, British Columbia premier tells Bloomberg News
July 16 (Reuters) - Canada is open to considering limits on softwood lumber exports to the U.S. to try to ease some trade friction between the neighboring countries, British Columbia Premier David Eby told Bloomberg News in a report published on Wednesday. "One of the asks for years out of the American coalition has been a quota — that there's a fixed amount of lumber that gets to come from Canada," Eby told Bloomberg News. "And I think that, for the first time, there's some willingness to have a conversation about what that could look like."
Yahoo
16-07-2025
- Business
- Yahoo
Canada weighs limits on US lumber exports to ease trade friction, British Columbia premier tells Bloomberg News
(Reuters) -Canada is open to considering limits on softwood lumber exports to the U.S. to try to ease some trade friction between the neighboring countries, British Columbia Premier David Eby told Bloomberg News in a report published on Wednesday. "One of the asks for years out of the American coalition has been a quota — that there's a fixed amount of lumber that gets to come from Canada," Eby told Bloomberg News. "And I think that, for the first time, there's some willingness to have a conversation about what that could look like." Sign in to access your portfolio
Bloomberg
16-07-2025
- Business
- Bloomberg
Canada Weighs Limiting Lumber Exports to Solve US Trade Dispute, BC Premier Says
Canadian officials are open to considering limits on how much softwood lumber can be exported to the US to try to resolve some of the trade friction between the countries, according to the leader of British Columbia. 'We think there is actually an opportunity for lumber to be one of the early agreements and wins that are struck,' Premier David Eby said in an interview with Bloomberg News.
