Latest International trade News

Trump heads to UN with long list of deals he's yet to close

Sep. 21, 2019 4:39 PM EDT

WASHINGTON (AP) — President Donald Trump, a self-described deal-maker, is saddled with a long list of unresolved foreign policy deals he has yet to close heading into his U.N. visit this coming week. There are challenges with Iran, North Korea, the Afghan Taliban, Israel and the Palestinians — not...

UAW strike puts Trump, GOP in political bind in key states

Sep. 21, 2019 3:14 PM EDT

LANSING, Mich. (AP) — Democrats were quick to back working-class United Auto Workers in their strike against General Motors, delivering doughnuts and holding picket signs outside factories to show solidarity. It's a union they long have aligned with politically. There were no doughnuts from Republicans....

Trump says he doesn't need China trade deal before election

Sep. 20, 2019 6:49 PM EDT

WASHINGTON (AP) — As China and the U.S. near a new round of trade talks, President Donald Trump said Friday he doesn't feel he needs to secure an agreement before next year's election. Trump told reporters he wants a complete deal with China and won't accept one that only addresses some of the differences...

Fresh US-China trade worries erase early gains for stocks

Sep. 20, 2019 6:06 PM EDT

Wall Street closed out a volatile week with losses Friday as investors worried that upcoming trade talks aimed at resolving the costly trade war between Washington and Beijing could be in trouble. The selling, which erased modest early gains for the market, snapped a three-week win streak for the S&P 500. The...

How major US stock indexes fared Friday

Sep. 20, 2019 4:54 PM EDT

Stocks finished lower on Wall Street Friday amid new concerns about the progress of trade talks between the U.S. and China. The market turned lower in the afternoon after reports said a Chinese trade delegation had cut short a trip to the U.S. The selling, which erased modest early gains for the market, snapped a...

Markets Right Now: Stocks fall on fresh trade worries

Sep. 20, 2019 4:17 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are finishing lower Friday on concerns about the progress of trade talks between the U.S. and China. The market turned lower in the afternoon after reports said a Chinese trade delegation had cut short a trip...

Japan accepts talks with South Korea on WTO arbitration

Sep. 20, 2019 10:03 AM EDT

TOKYO (AP) — Japan announced Friday it will accept South Korea's request for joint talks leading to arbitration by the World Trade Organization after Seoul filed a complaint with the international body over Tokyo's tightening of export controls. Trade minister Isshu Sugawara, however, said Japan's controls...

Cambodia gives garment workers 4.4% minimum wage hike

Sep. 20, 2019 8:05 AM EDT

PHNOM PENH, Cambodia (AP) — Cambodia's government announced Friday that it is raising the minimum wage for the garment industry, the country's biggest export earner, whose workers make up a powerful political bloc. The Ministry of Labor and Vocational Training said starting in January, the minimum wage...

Asian shares mostly higher as China cuts loan rate

Sep. 20, 2019 12:08 AM EDT

BANGKOK (AP) — Asian shares were mostly higher on Friday after a lackluster session on Wall Street, as investors shifted their focus to China-U.S. trade talks after a busy week of central bank news. Japan's Nikkei 225 index gained 0.4% to 22,135.98 and the Shanghai Composite index rose 0.2% to 3,004.48....

Weak manufacturing threatens consumer-fueled growth

Sep. 19, 2019 12:37 PM EDT

NEW YORK (AP) — Consumers have supported the economy during its record-setting expansion, but a shrinking manufacturing sector, crushing tariffs and other dangers may bring the good times to an end. Fresh warning bells rang on Wall Street earlier this month after factory output shrank for the first time in...