Latest Global trade News

China applies to join Pacific trade pact abandoned by Trump

Sep. 17, 2021 00:06 AM EDT

BEIJING (AP) — China has applied to join an 11-nation Asia-Pacific free trade group in an effort to increase its influence over international policies. Commerce Minister Wang Wentao submitted an application to the trade minister of New Zealand as a representative of the...

EU unveils Indo-Pacific strategy, tries to allay China fears

Sep. 16, 2021 09:57 AM EDT

BRUSSELS (AP) — The European Union on Thursday unveiled a new strategy for boosting economic, political and defense ties in the Indo-Pacific, just hours after the United States, Britain and Australia announced a new security alliance likely to reshape their relations with the vast region. ...

Port of Savannah is moving record-breaking volumes of cargo

Jul. 26, 2021 19:18 PM EDT

SAVANNAH, Ga. (AP) — The Port of Savannah is now moving record-breaking volumes of cargo. For the first time ever, the Port of Savannah has moved 5.3 million 20-foot equivalent container units in a fiscal year, Georgia Ports announced Monday. That means it has grown its...

Biden bids Merkel farewell: Friends — with disagreements

Jul. 15, 2021 21:15 PM EDT

WASHINGTON (AP) — Welcoming Angela Merkel to the White House for a final time, President Joe Biden renewed his concerns to the German chancellor Thursday about a major, nearly complete Russia-to-Germany gas pipeline but said they agreed Russia must not be allowed to use energy as a weapon. ...

China says US measures on Xinjiang threaten global trade

Jul. 15, 2021 06:17 AM EDT

BEIJING (AP) — China’s government rejected U.S. accusations of forced labor in Xinjiang and accused Washington on Thursday of hurting global trade after lawmakers endorsed import curbs and American companies were warned they face legal risks if they do business with the region. ...

China slams Yellen's call for US-European 'unified front'

Jul. 13, 2021 20:30 PM EDT

BEIJING (AP) — China on Tuesday denounced an appeal by Treasury Secretary Janet Yellen for a U.S.-European “unified front” against Chinese “unfair economic practices” and human rights abuses. “China strongly deplores and rejects Treasury Secretary Yellen’s...

China's June exports surge 32%, import growth slows

Jul. 13, 2021 02:03 AM EDT

BEIJING (AP) — China’s exports surged in June while import growth slowed to a still-robust level as its economic rebound from the coronavirus leveled off. Exports rose 32.2% from a year earlier to $281.4 billion, accelerating from May’s 28% growth, customs data...

Amsterdam mayor apologizes for city fathers' role in slavery

Jul. 01, 2021 09:54 AM EDT

AMSTERDAM (AP) — The mayor of Amsterdam apologized Thursday for the extensive involvement of the Dutch capital's former governors in the global slave trade, saying the moment had come for the city to confront its grim history. Debate about the role of Amsterdam’s city...