Latest Trade barriers News
Asian shares mostly higher following Wall Street gains
TOKYO (AP) — Shares were mostly higher in Asia on Tuesday, lifted by moves to reopen many regional economies from shutdowns aimed at containing the coronavirus pandemic. Benchmarks rose in Tokyo, Hong Kong and Seoul but fell in Shanghai and Sydney. Jakarta’s main index jumped 2% and...
The Latest: 400 German managers, workers returning to China
The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR: — Two United Nations peacekeepers serving in Mali have died...
US charges North Koreans in $2.5B sanctions-busting scheme
WASHINGTON (AP) — The Justice Department has accused a network of North Korean and Chinese citizens of secretly advancing North Korea’s nuclear weapons program by channeling at least $2.5 billion in illicit payments through hundreds of front companies. The indictment, unsealed Thursday in...
China demands US withdraw sanctions on tech suppliers
BEIJING (AP) — China demand Monday that Washington withdraw export sanctions imposed on Chinese companies in the latest round of a worsening conflict over technology, security and human rights. The foreign ministry accused the Trump administration of interfering in China's affairs by adding eight companies...
As EU talks stall, UK outlines tariffs for post-Brexit world
LONDON (AP) — The British government published Tuesday the outlines of a new post-Brexit tariff regime that could potentially lead to a fall in the price of thousands of products, including Christmas trees, cocoa and fridges. The Department for International Trade said the new regime will see tariffs...
Asia Today: Hong Kong increasing coronavirus testing
BANGKOK (AP) — Hong Kong’s leader says the city is ramping up testing for the coronavirus, especially for workers at the busy international airport and caregivers at homes for the elderly and disabled. Carrie Lam said Tuesday that tests will be increased from 4,500 to 7,000 daily, with both the...
Australia says it doesn't want trade war with China
CANBERRA, Australia (AP) — Australia’s trade minister said Tuesday that his country does not want a trade war with China, but maintained Beijing had erred by imposing stiff tariffs on Australian barley in what is widely seen as punishment for advocating an investigation into the coronavirus...
Australia welcomes virus inquiry but condemns China tariff
CANBERRA, Australia (AP) — Australia on Tuesday welcomed international support for an independent coronavirus pandemic investigation as China ratcheted up a bilateral trade rift by placing tariffs on Australian barley. The World Health Organization bowed to calls Monday from most of its member states to...
China uses trade as weapon to silence virus criticism
WELLINGTON, New Zealand (AP) — Trying to silence criticism over the coronavirus pandemic, China is deploying a well-used weapon — trade sanctions. Beijing has blocked some imports of Australian beef after Prime Minister Scott Morrison’s government, endorsed by Washington, called for a robust...
China suspends penalties on more US goods in trade truce
BEIJING (AP) — China suspended punitive tariffs on more U.S. goods including radar equipment for aviation Tuesday amid pressure from President Donald Trump to buy more imports as part of a truce in their trade war. The Ministry of Finance said tariff increases on 79 types of goods including radar sets,...
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