Latest Visible trade News

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...

US trade deficit dips to $68.9 billion with exports up

Jun. 08, 2021 10:10 AM EDT

WASHINGTON (AP) — The U.S. trade deficit narrowed in April to $68.9 billion as an improving global economy boosted sales of American exports. The April deficit, the gap between what America buys from abroad and what it sells to other countries, was down 8.2% from a...

State media: Kim has plans to stabilize N. Korean economy

Jun. 08, 2021 00:39 AM EDT

SEOUL, South Korea (AP) — North Korean leader Kim Jong Un presented economic plans to senior ruling party officials before an upcoming meeting to review efforts to overcome hardships brought about by the pandemic, state media said Tuesday. The Korean Central News Agency...

Chinese exports jump, gap with US grows as tensions persist

Jun. 07, 2021 04:49 AM EDT

BANGKOK (AP) — China's exports and imports surged in May and its politically sensitive surplus with the U.S. grew as the pandemic was waning in important markets in the West. Customs data released Monday showed China’s exports rose 28% from a year earlier and imports...

Norway, Iceland, Liechtenstein reach trade deal with UK

Jun. 04, 2021 10:40 AM EDT

COPENHAGEN, Denmark (AP) — Norway and two other non-EU European nations on Friday reached a trade deal with Britain following the country's departure from the bloc last year. Britain is Norway's largest trading partner outside the bloc. The deal also covers Iceland and...

Iraq looks to new pier to boost oil product imports, exports

May. 28, 2021 12:15 PM EDT

BASRA, Iraq (AP) — Iraq is building a new oil pier off its southern coast, financed by Japan, that's expected to boost exports and imports of crude-derived products and increase revenue, officials said this week. The construction within the port of Khor al-Zubair —...

Germany arrests businessman over dual-use exports to Russia

May. 18, 2021 07:28 AM EDT

BERLIN (AP) — A businessman suspected of helping Russia purchase sophisticated machinery in breach of arms export rules has been detained in Germany, prosecutors said Tuesday. The man, identified only as Alexander S. because of privacy rules, was detained by German...

Sao Paulo authorities plead with China to release vaccines

May. 12, 2021 17:06 PM EDT

SAO PAULO (AP) — Authorities in Brazil's most populous state on Wednesday said they have mobilized to try to convince the Chinese government to authorize the export of raw material to make millions of COVID-19 vaccines needed amid a sudden shortage. The South American...

China trade surges as global demand recovers from pandemic

May. 07, 2021 01:48 AM EDT

BEIJING (AP) — China’s trade with the United States and the rest of the world surged by double digits in April as consumer demand recovered, but growth appeared to be slowing. Global exports rose 32.3% over a year ago to $263.9 billion, in line with March but down...

US trade deficit hits record $74.4 billion in March

May. 04, 2021 09:55 AM EDT

WASHINGTON (AP) — The U.S. trade deficit surged to a record $74.4 billion in March as an improving U.S. economy drove purchases of imported foreign goods. The deficit, the gap between what America buys from abroad and what it sells to other countries, was 5.6% greater...