PREVIEW

Carney Pushes New Global Trade Bloc to Counter Trump Tariffs. Canadian Prime Minister Mark Carney is leading efforts to build a massive new international trade alliance designed to reduce the impact of potential tariffs from Donald Trump. The plan would bring the European Union closer together with a major Indo-Pacific trade partnership known as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, or CPTPP. Together, the two blocs represent nearly 40 countries and about 1.5 billion people - According to Politico. Officials say talks could begin this year, focusing on aligning supply chains and simplifying “rules of origin,” which determine where products are considered to come from. That would allow companies across member nations to trade components and finished goods more easily with lower tariffs. Business groups in Europe are already backing the idea, although some EU officials say it’s not yet a top priority. Still, supporters believe that if successful, the alliance could attract even more countries — creating one of the world’s largest economic partnerships.
Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT