Latest Free trade News

Mexican ambassador highlights US ties in Phoenix stop

Mar. 19, 2019 7:57 PM EDT

PHOENIX (AP) — Mexico's new ambassador to the U.S. emphasized close ties between the two countries during a stop in Phoenix Tuesday as she and Gov. Doug Ducey urged American lawmakers to approve the proposed United States-Mexico-Canada trade agreement. "The U.S. of today cannot be explained without the...

Beyond veto: Trump seeks more workarounds to avoid Congress

Mar. 16, 2019 11:07 AM EDT

WASHINGTON (AP) — President Donald Trump's first veto was more than a milestone. It signals a new era of ever perilous relations between the executive and legislative branches of government. Trump's agenda was stymied even before his party lost unified control of Washington at the start of the year and he...

Toyota investing $750M at 5 US plants, creating 600 jobs

Mar. 14, 2019 4:13 PM EDT

BUFFALO, W.Va. (AP) — Toyota Motor Corp. on Thursday announced it is investing an additional $750 million at five U.S. plants that will bring nearly 600 new jobs, including the production of two hybrid vehicles for the first time at its Kentucky facility. It marks yet another expansion of the Japanese...

Trump raises possibility of walking away from China deal

Mar. 13, 2019 11:01 PM EDT

WASHINGTON (AP) — President Donald Trump on Wednesday dangled the prospect of walking away from a new trade deal with China if it's not to his liking, just as he cut short his summit with North Korea's Kim Jong Un when the two sides failed to reach an agreement. Trump spoke on the state of negotiations...

UK auto industry under siege as Brexit pressure escalates

Mar. 4, 2019 4:57 AM EST

LONDON (AP) — Gregory McDonald strides across the spotless factory floor at his company, Goodfish, glowing with pride. He plowed his life savings into the injection-molding equipment that churns out plastic parts for everything from aircraft to sprinkler systems and disposable medical devices. He's ready...

Indonesia and Australia sign pact eliminating many tariffs

Mar. 4, 2019 12:31 AM EST

JAKARTA, Indonesia (AP) — Indonesia and Australia signed a free trade agreement Monday that will eliminate many tariffs, allow Australian-owned hospitals to operate in the giant Southeast Asian country and increase work visas for young Indonesians. Trade ministers from the two countries signed the...

UK trade official sees hope in Brexit hard-liners' proposals

Mar. 3, 2019 3:39 PM EST

LONDON (AP) — Britain's international trade secretary on Sunday welcomed proposals drawn up by hard-line Brexit supporters that outline what it would take for them to support Prime Minister Theresa May's deal with the European Union. Liam Fox told the BBC that the European Research Group's proposals,...

US official: Much work remains to reach US-China trade deal

Feb. 27, 2019 12:39 PM EST

WASHINGTON (AP) — A U.S.-China trade agreement is far from completion and will require much more work, particularly on enforcement, the U.S. official negotiating the pact told a House panel Wednesday. "Much still needs to be done before an agreement can be reached," U.S. Trade Representative Robert...

UK acknowledges key trade deals won't be ready by Brexit day

Feb. 21, 2019 3:52 PM EST

BRUSSELS (AP) — The British government acknowledged Thursday that trade deals with major countries such as Japan and Turkey will not be in place by the planned Brexit day of March 29, while the European Union's chief said he remains downbeat about Britain avoiding a chaotic departure from the bloc....

Honda to shut plant in Brexit-shaken Britain

Feb. 19, 2019 10:50 AM EST

LONDON (AP) — Japanese carmaker Honda plans to close its car factory in western England in 2021, a fresh blow to the British economy as it struggles with the uncertainty associated with leaving the European Union next month. The company announced the decision, which will imperil 3,500 jobs and possibly...