A no-deal Brexit would have profound economic consequences with GDP shrinking by up to 8%, putting thousands of jobs at risk, the Confederation of British Industry is to warn.

Trump is setting himself up for a fight with congressional Republicans if he seeks to expand his unilateral tariff powers or proceed with threatened duties on imports of cars and auto parts.

President Donald Trump said on Thursday the United States was having tremendous success in its trade negotiations with China, a day after U.S. and Chinese officials concluded three days of talks in Beijing.

The United States says talks in Beijing on ending a bruising trade war focused on Chinese promises to buy more American goods, but gave no indication of progress on resolving disputes over Beijing's technology ambitions and other thorny issues.

After US President Donald Trump withdrew from Obama's Trans-Pacific Partnership (TPP), involving 12 countries on the Pacific rim, on his first day in office, Japan, Australia and their closest allies proposed and promoted the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) to draw the US back into the region to counter China's fast-growing power and influence.

US and Chinese officials have met in Beijing for two-days of high-level talks aimed at resolving their ongoing trade dispute.

U.S. Commerce Secretary Wilbur Ross predicted on Monday that Beijing and Washington could reach a trade deal that “we can live with” as dozens of officials from the world’s two largest economies resumed talks in a bid to end their trade dispute.

The domestic market is expected to see considerable changes in 2019 as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) becomes effective from January 14, according to market watchers.

Theresa May hopes to secure last-minute assurances from the European Union before next Tuesday’s meaningful vote over Brexit, although there are significant differences between the sides and scepticism that rebel Tories can be won over.

The leaders of Canada and the United States discussed U.S. tariffs on Canadian steel and aluminum on Monday but no talks on lifting the sanctions are planned, a Canadian source familiar with the matter said.