US and EU agree to trade deal
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At the centre of the global trade war lies a surprising US grievance: the dollar’s position as the global reserve currency. In a controversial paper published last November, Stephen Miran, chief economic adviser to President Trump, claimed that the dollar’s status as the reserve currency is a ‘burden’ contributing to chronic trade deficits.
Parvez Siddiqui is cofounder of TrustIn Limited, a regulated and global digital escrow platform, and an advocate for inclusive finance. A textile exporter in India negotiates a deal with a buyer in the UAE.
Japan's $550 billion investment package agreed in this week's U.S. tariff deal could help finance a Taiwanese firm building semiconductor plants in the U.S., Japan's top trade negotiator Ryosei Akazawa said on Saturday.
The agreements have been overshadowed by U.S. firms' warnings that the tariffs will affect their bottom lines and prolong uncertainty in the economy.
According to research by the Asian Development Bank estimates that there is potentially $1.5 trillion of trade finance opportunities that have remained untapped, excluding small to medium size businesses.
The Minneapolis-based bank worked with WaveBL and ICICI Bank to handle an export shipment with fully digital documents via blockchain technology.
Analysts at Bank of America said that the Japan deal "looks like a reasonable blueprint" for other auto-exporting countries like South Korea.
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Hankyoreh English Edition on MSNTop trade, finance officials from US and Korea to meet for trade talks on FridaySouth Korea’s top officials for trade and the economy are set to meet their American counterparts for trade talks in the US on Friday. The meeting comes just a week ahead of the scheduled end of the US pause on reciprocal tariffs.
Joon Kim, global head of trade finance, product and portfolio group at BNY Mellon, concurs that regulatory alignment is essential for fully unlocking the potential of digital trade finance. “We engage with regulators and standard-setting bodies to support rules that promote digitisation initiatives,” he says.
LONDON, March 14 (Reuters) - Dutch lender ING (INGA.AS), opens new tab on Tuesday said it had again toughened its lending policy to the oil and gas sector, restricting finance to clients engaged ...