Latest Trade barriers News

Stocks close with modest losses amid US-China trade anxiety

Nov. 21, 2019 4:47 PM EST

Stocks closed modestly lower on Wall Street Thursday after a mostly listless day of trading handed the market its third straight drop. Losses in technology stocks, companies that rely on consumer spending and other sectors outweighed gains elsewhere in the market. Energy sector stocks were the biggest winners,...

Tariffs tough talk show Kosovo-Serb standoff set to last

Nov. 21, 2019 9:41 AM EST

Serbian goods are nowhere to be seen in shops in neighboring Kosovo. Naim Krasniqi, a small store owner, says the 100% tariff announced a year ago by the government is fair since Serbia is blocking all goods from Kosovo, part of a standoff between rivals in one of Europe’s most volatile regions. “We...

Global shares drop on renewed US-China trade worries

Nov. 21, 2019 6:40 AM EST

BEIJING (AP) — World shares dropped Thursday as anxiety mounted over the possibility the U.S. and China may not reach a trade deal before next year. China’s Commerce Ministry batted away rumors that the talks were in trouble with a spokesman saying Beijing was committed to continuing discussions on...

China bats away rumors, says trade talks with US continue

Nov. 21, 2019 4:41 AM EST

BEIJING (AP) — China is working to resolve conflicts with Washington over trade, a Commerce Ministry official said Thursday, dismissing speculation the talks might be in trouble as inaccurate “rumors.” Ministry spokesman Gao Feng said he had no new information to release. But he said China...

Asian shares skid on renewed US-China trade worries

Nov. 20, 2019 11:35 PM EST

BEIJING (AP) — Shares skidded Thursday in Asia after moderate declines on Wall Street as anxious mounted over the possibility the U.S. and China may not reach a trade deal before next year. Hong Kong led the region with its benchmark Hang Seng index falling 1.5% to 26,461.41. The Shanghai Composite index...

Wine woes: Tariffs, Brexit cloud French Beaujolais season

Nov. 20, 2019 4:48 AM EST

CHATILLON, France (AP) — Celebration is the mot du jour in France’s Beaujolais region on the third Thursday of November, when winemakers and sellers uncork the season’s Beaujolais Nouveau with feasting and fanfare. But considerable uncertainty is clouding this year’s celebration of the...

UN adds explosive components ban to Somalia arms embargo

Nov. 15, 2019 6:30 PM EST

UNITED NATIONS (AP) — The U.N. Security Council on Friday extended an arms embargo on Somalia and a ban on trade in charcoal, a key source of funds for al-Shabab extremists — and it imposed a new ban on ingredients for explosive devices the group is increasingly using. The vote on the...

EU acts against Colombia for slapping duties on fries

Nov. 15, 2019 7:10 AM EST

BRUSSELS (AP) — The European Union is launching a case against Colombia at the World Trade Organization for slapping extra duties on fries from the bloc. The European Commission said Friday that it has repeatedly implored Colombia to lift the duties, ranging from 3% to 8%. The commission says the tariffs...

EU rebuffs American pitch of quick deal for more lobsters

Nov. 15, 2019 6:13 AM EST

PORTLAND, Maine (AP) — The United States trade representative is hoping to broker a deal with the European Union to send more lobsters to Europe, but has received a chilly reception so far. The American lobster industry is in the midst of a challenging time in part because of tariffs with China and the EU....

Stock prices surge on bullish talk on China-US trade deal

Nov. 15, 2019 12:27 AM EST

BANGKOK (AP) — Shares advanced in Asia on Friday after White House officials said China and the U.S. were getting close to an agreement to cool tensions over trade. Markets have swung from euphoria to alarm as officials in Beijing and Washington offered conflicting opinions about the state of the...