Latest Trade policy News

Scotch whisky makers welcome suspension of costly US tariffs

Jun. 17, 2021 16:33 PM EDT

LONDON (AP) — Scotch single malt whisky makers breathed a sigh of relief Thursday after the United States agreed to suspend tariffs on one of Scotland's main exports in the wake of the resolution of a long-standing transatlantic trade row over subsidies to aircraft companies Boeing and...

The Latest: Pro-Navalny protest in Geneva on eve of summit

Jun. 15, 2021 16:17 PM EDT

The Latest on U.S. President Joe Biden's trip to Europe: GENEVA — A few dozen supporters of jailed Russian opposition leader Alexey Navalny have staged a colorful, cheeky rally in Geneva, in the hope of sending a message to Russian President Vladimir Putin ahead of his...

Airbus-Boeing deal eases US-EU tensions but conflicts remain

Jun. 15, 2021 15:32 PM EDT

BRUSSELS (AP) — The deal the United States and the European Union reached Tuesday to end their long-running rift over subsidies to Boeing and Airbus will suspend billions in punitive tariffs. It will ease trans-Atlantic tensions. And it will let the two sides focus on a common economic...

Australia, Britain reach free trade deal to cut many tariffs

Jun. 15, 2021 09:56 AM EDT

LONDON (AP) — Britain and Australia announced the broad outlines of a free trade deal Tuesday, eliminating tariffs on a wide range of goods as the U.K. seeks to expand links around the world following its exit from the European Union. The pact is expected to boost...

Odds of settling US-EU trade rifts? Hope may outrun progress

Jun. 14, 2021 00:19 AM EDT

WASHINGTON (AP) — President Joe Biden has vowed to mend America’s trade relations with its European allies, which were stretched to the breaking point by President Donald Trump’s mercurial behavior, combative policies and aversion to multinational alliances. Yet...

UN approves Costa Rica's Grynspan to head UN trade body

Jun. 12, 2021 00:54 AM EDT

UNITED NATIONS (AP) — The U.N. General Assembly on Friday approved the nomination of Costa Rican economist Rebecca Grynspan to head the U.N. agency promoting trade and development, the first woman and Central American to lead the Geneva-based organization. She was...

Biden, Johnson strike warm tone in first meeting

Jun. 10, 2021 16:20 PM EDT

CARBIS BAY, England (AP) — Striking a warm tone, President Joe Biden and British Prime Minister Boris Johnson used their first meeting Thursday to highlight a commitment to strengthening their nations' historic ties while setting aside, at least publicly, their political and personal...

EU vows a firm response as Brexit tensions rise anew

Jun. 10, 2021 05:45 AM EDT

BRUSSELS (AP) — Top European Union officials vowed Thursday to use all measures available to ensure that the United Kingdom respects the terms of its Brexit agreement with the bloc as tensions rise over trade involving Northern Ireland. “It is paramount to implement...

EU warns of retaliation as post-Brexit talks with U.K. stall

Jun. 09, 2021 13:36 PM EDT

LONDON (AP) — A top European Union official said Wednesday that Britain could face retaliatory tariffs or other sanctions after talks failed to resolve an increasingly heated dispute over implementation of their post-Brexit trade deal in Northern Ireland. Maros...

WTO to intensify talks on easing access to COVID-19 vaccines

Jun. 09, 2021 11:20 AM EDT

GENEVA (AP) — World Trade Organization member nations agreed Wednesday to intensify talks geared at improving access to COVID-19 products, as developing nations push for a proposal to ease patents and other intellectual property protections for coronavirus vaccines and some wealthier...