Latest International trade News

US to seek stronger labor, environmental standards in Asia

Sep. 23, 2022 11:50 AM EDT

WASHINGTON (AP) — The U.S. is outlining its goals for a new trade deal with Australia, Japan, South Korea and nine other nations meant to signal the country's commitment to working with the Indo-Pacific region at a time of growing Chinese clout. The Office of the U.S. Trade...

NOT REAL NEWS: A look at what didn't happen this week

Sep. 23, 2022 10:52 AM EDT

A roundup of some of the most popular but completely untrue stories and visuals of the week. None of these are legit, even though they were shared widely on social media. The Associated Press checked them out. Here are the facts: ___ Ad misleads on treaty regulating...

Inflation, unrest challenge Bangladesh's 'miracle economy'

Sep. 23, 2022 01:55 AM EDT

DHAKA, Bangladesh (AP) — Standing in line to try to buy food, Rekha Begum is distraught. Like many others in Bangladesh, she is struggling to find affordable daily essentials like rice, lentils and onions. “I went to two other places, but they told me they don’t have supplies....

North Korea denies sending arms to Russia amid Ukraine war

Sep. 21, 2022 23:46 PM EDT

SEOUL, South Korea (AP) — North Korea says it hasn’t exported any weapons to Russia during the war in Ukraine and has no plans to do so, and said U.S. intelligence reports of weapons transfers were an attempt to tarnish North Korea's image. In a state media report Thursday, an...

Leaders of S. Korea, Japan agree to strive to improve ties

Sep. 21, 2022 23:37 PM EDT

SEOUL, South Korea (AP) — The leaders of South Korea and Japan agreed to accelerate efforts to mend ties frayed over Japan’s past colonial rule of the Korean Peninsula as they held their countries’ first summit talks in nearly three years on the sidelines of the U.N. General Assembly, both...

At UN, Biden, Truss seek to smooth over N Ireland divide

Sep. 21, 2022 18:56 PM EDT

UNITED NATIONS (AP) — U.S. President Joe Biden and U.K. Prime Minister Liz Truss declared themselves staunch allies Wednesday as they tried to patch up a divide over Brexit’s impact on peace in Northern Ireland. The leaders met at the United Nations two days after they attended...

Spain cuts natural gas sales tax to help people with costs

Sep. 20, 2022 08:58 AM EDT

MADRID (AP) — Spain will temporarily slash sales tax on natural gas from 21% to 5% to help consumers face rising energy costs this winter as Russia has cut back gas exports to Europe amid the war in Ukraine. Terera Ribera, Spain’s minister charged with energy policy, said Tuesday...

Britain's Truss doesn't expect UK-US trade deal anytime soon

Sep. 20, 2022 02:20 AM EDT

NEW YORK (AP) — Prime Minister Liz Truss has kicked off her first visit to the United States as Britain’s leader with an admission that a U.K-U.S. free trade deal is not going to happen for years. Truss said a trans-Atlantic deal is not one of her priorities — a sharp contrast...

After royal funeral, new UK leader Truss makes debut at UN

Sep. 19, 2022 19:04 PM EDT

LONDON (AP) — Liz Truss is going from the solemnity of a royal funeral to the maelstrom of international politics, and a crucial meeting with President Joe Biden. Britain’s prime minister flew to New York on Monday for the United Nations General Assembly, coming straight from the...

Idaho and Taiwan sign two-year wheat trade agreement

Sep. 19, 2022 15:56 PM EDT

BOISE, Idaho (AP) — Idaho Gov. Brad Little on Monday signed a two-year agreement supporting Idaho wheat sales to Taiwan in a deal that officials say gives wheat producers a reliable buyer and Taiwan a dependable supplier. The Republican governor participated in the ceremonial...