Latest Global trade News

Britain's Prime Minister Boris Johnson speaks during a media briefing in Downing Street, London, Thursday, Dec. 24, 2020. Britain and the European Union have struck a provisional free-trade agreement that should avert New Year's chaos for cross-border commerce and bring a measure of certainty to businesses after years of Brexit turmoil. The breakthrough on Thursday came after months of tense and often testy negotiations that whittled differences down to three key issues: fair-competition rules, mechanisms for resolving future disputes and fishing rights. (Paul Grover/Pool Photo via AP)

Breakthrough: UK and EU reach post-Brexit trade agreement

Dec. 24, 2020 2:47 PM EST

BRUSSELS (AP) — Just a week before the deadline, Britain and the European Union struck a free-trade deal Thursday that should avert economic chaos on New Year's and bring a measure of certainty for businesses after years of Brexit turmoil. Once ratified by both sides, the agreement will ensure Britain and...

Alexandra Orozco stands for a portrait outside of the closed J.C. Penney where she was laid off from, in Delano, Calif., on Sunday, Dec. 6, 2020. Orozco began working part-time at the department store when she was 18, and in nearly four years rose through the ranks from cashier to freight team associate. (Madeline Tolle/The Fuller Project via AP)

Pandemic crushes global supply chains, workers at both ends

Dec. 22, 2020 10:07 AM EST

In her last weeks working the freight shift at the local J.C. Penney store, Alexandra Orozco took out her phone and hit record. The 22-year-old shot a video of the giant black-and-red ’Everything Must go!” posters, and posted it on TikTok in October. “Slowing losing my job,” she wrote...

Alexandra Orozco stands for a portrait outside of the closed J.C. Penney where she was laid off from, in Delano, Calif., on Sunday, Dec. 6, 2020. Orozco began working part-time at the department store when she was 18, and in nearly four years rose through the ranks from cashier to freight team associate. (Madeline Tolle/The Fuller Project via AP)

Pandemic crushes global supply chains, workers at both ends

Dec. 22, 2020 10:06 AM EST

In her last weeks working the freight shift at the local J.C. Penney store, Alexandra Orozco took out her phone and hit record. The 22-year-old shot videos as she and her co-workers slid down a metal shoot (technically meant for empty boxes) in the store room, their heads falling back laughing, and posted them on...

FILE- In this Oct. 16, 2019, file photo, Australia's Trade Minister Simon Birmingham addresses media outside the Parliament House in Canberra, Australia. Australia will ask the World Trade Organization to intervene in its dispute with China over barley and expects other nations to become involved in the case, Australian Trade Minister Birmingham said on Wednesday, Dec. 16, 2020. (AP Photo/Rod McGuirk, File)

Australia to seek WTO intervention in barley row with China

Dec. 16, 2020 8:06 AM EST

CANBERRA, Australia (AP) — Australia will ask the World Trade Organization to intervene in its dispute with China over barley and expects other nations to become involved in the case, Australian Trade Minister Simon Birmingham said Wednesday. China effectively ended imports of Australian barley in May by...

Cars wait to be exported at Yokohama port, near Tokyo, Tuesday, Sept. 29, 2020. Japan's exports fell more than 4% from a year earlier in November, despite an uptick in trade with China, according to customs data released Wednesday, Dec. 16. Exports of vehicles, semiconductors and other manufactured items showed the biggest declines.(AP Photo/Koji Sasahara)

Japan exports slip despite uptick in trade with China

Dec. 16, 2020 5:04 AM EST

TOKYO (AP) — Japan's exports fell more than 4% from a year earlier in November, the 24th straight month of declines, despite an uptick in trade with China, according to customs data released Wednesday. Exports of vehicles, semiconductors and other manufactured items showed the biggest drops in terms of...

In this Sept. 11, 2012, file photo, a four-wheel-drive vehicle follows a large mining truck as it makes its way to the top of a Boggabri coal mine near Gunnedah, Australia, 450 kilometers (280 miles) northwest of Sydney. Australia’s prime minister said Tuesday, Dec. 15, 2020, that China would be in breach of World Trade Organization rules as well as a bilateral free trade agreement if it banned Australian coal. (AP Photo/Rob Griffith, File)

Australian PM says China coal ban would breach WTO rules

Dec. 15, 2020 4:35 AM EST

CANBERRA, Australia (AP) — Australia’s prime minister said Tuesday that China would be violating World Trade Organization rules and a bilateral free trade agreement if it banned Australian coal. Prime Minister Scott Morrison was replying to a report in China’s state-owned Global Times...

A student checks the time as others wait for the start of the annual college entrance examination amid the coronavirus pandemic at an exam hall in Seoul, South Korea, Thursday, Dec. 3, 2020. South Korean officials are urging people to remain at home if possible and cancel gatherings as about half a million students prepare for a crucial national college exam. (Kim Hong-Ji/Pool Photo via AP)

The Latest: Young S. Koreans taking crucial university exam

Dec. 3, 2020 3:45 AM EST

SEOUL, South Korea — Hundreds of thousands of masked students in South Korea, including 35 COVID-19 patients, are taking the country’s highly competitive university entrance exam despite a viral resurgence that has forced authorities to toughen social distancing rules. The Education Ministry says...

Democratic Tucson Mayor Regina Romero is seen at the State of the State address at the Arizona Capitol, Monday, Jan. 13, 2020, in Phoenix. Romero called for a nighttime curfew Monday, Nov. 30, 2020, in Tucson to prevent the spread of COVID-19, saying the virus is spreading rapidly and hospitals in southern Arizona are on the verge of a crisis. (AP Photo/Ross D. Franklin)

The Latest: Tucson votes in mandatory nightly curfew

Dec. 2, 2020 12:17 AM EST

TUCSON, Ariz. -- At the urging of Mayor Regina Romero, the Tucson City Council voted Tuesday night to establish a mandatory nightly curfew for three weeks in an attempt to slow the spread of COVID-19. The 10 p.m.-to-5 a.m. curfew will take effect Friday and run through Dec. 23. Romero says she sought the curfew...

UN urges countries to designate ship crews as 'key workers'

Dec. 1, 2020 8:42 PM EST

UNITED NATIONS (AP) — With the coronavirus pandemic stranding nearly 400,000 merchant seamen at sea, the U.N. General Assembly adopted a resolution Tuesday urging all nations to designate those working on ships as “key workers,” which would ease their travel. The resolution adopted by...