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US trade gap swells in 2024 as deficits under fresh scrutiny
US trade gap swells in 2024 as deficits under fresh scrutiny
by  AFP

The US trade gap swelled last year to nearly $920 billion, according to government data released Wednesday, as deficits come under the spotlight with President Donald Trump's return to the White House. This was wider than values for the trade gap with North American neighbors Canada and Mexico combined, and more than the gap with the European Union as well, according to government numbers.

Steel decline sparks protests and a movie in Belgium
Steel decline sparks protests and a movie in Belgium
by  AFP

Thousands of steelworkers took to the streets of Brussels on Wednesday to demand EU help for a sector whose decline is the subject of a documentary on show at Belgian cinemas. On Wednesday, several thousand workers marched through Brussels, waving trade union flags and holding signs reading "European Union, wake up!"

EU seeks new import fee on e-commerce packages
EU seeks new import fee on e-commerce packages
by  AFP

The European Commission announced Wednesday it would seek to impose new fees on e-commerce imports, as part of efforts to tackle a surge of "harmful" products into the bloc -- the bulk of them from China.

Oil giants TotalEnergies, Equinor reduce low-carbon investments
Oil giants TotalEnergies, Equinor reduce low-carbon investments
by  AFP

French oil and gas giant TotalEnergies said Wednesday it would reduce its low-carbon energy investments while Norwegian peer Equinor scaled back its renewables ambitions as the companies reported sharp drops in annual profits. TotalEnergies said Wednesday it would reduce its investments in low-carbon energy, mainly for electricity, by $500 million -- from $5 billion to $4.5 billion.

China slams US 'suppression' as trade war deepens
China slams US 'suppression' as trade war deepens
by  AFP

Beijing accused the United States Wednesday of "suppression" after its postal service said it was suspending parcels from China and Hong Kong, a move that could hit e-commerce giants Temu and Shein. A postal services worker at the General Post Office in Macau told AFP that parcels could still be sent to the United States from the semi-autonomous Chinese city.