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It’s the second upgrade of the ASEAN-China Free Trade Area (ACFTA) that was first inked in 2002 - making it then China’s first free trade agreement and ASEAN’s first with a major external partner. It then came into effect in 2010, with negotiations for the first upgrade starting in September 2014 and coming into force since 2019.

China pressed on Monday for stronger economic ties and more open trade at a regional summit in Malaysia dominated by the shadow of steep U.S. tariffs after proceedings attended by President Donald Trump.

Nobel Prize-winning economist Paul Krugman pushed back against President Donald Trump's claims that former President Ronald Reagan "loved tariffs," calling the statement false and historically inaccurate.

A series of high-level and bilateral meetings took place on the second day of the 47th Asean Summit and Related Summits here yesterday, including

The 1987 radio address by the former U.S. President Ronald Reagan at the centre of a new U.S.-Canada row was a defence of free but fair trade in which he explained his decision to put duties on Japanese goods in a trade dispute.

The U.S.’s comprehensive trade agreement with Canada and Mexico is set to be reviewed next year and renegotiations of the deal could open more products up for tariffs or other trade restrictions, analysts said.