Latest Global trade News

South Korea-Japan trade fight moves to global dispute panel

Jul. 29, 2020 10:18 AM EDT

GENEVA (AP) — World Trade Organization members on Wednesday created a dispute panel to rule on a complaint by South Korea against Japan over restrictions on exports to Korea of products used in semiconductors, mobile phone displays and television displays. Tokyo said it was “deeply...

U.S. President Donald Trump, center, walks by French President Emmanuel Macron, left, and German Chancellor Angela Merkel, right, prior to a group photo of NATO leaders during a NATO leaders meeting at The Grove hotel and resort in Watford, Hertfordshire, England, Wednesday, Dec. 4, 2019. France has avoided echoing Trump’s criticism of Beijing’s handling of the coronavirus, but legislators applauded Foreign Minister Jean-Yves Le Drian last week when he condemned abuses of minority Uighurs in China’s northwest. (AP Photo/Francisco Seco, FIle)

US-China spats rattle world, prompting calls for unity

Jul. 28, 2020 7:46 AM EDT

BEIJING (AP) — Antagonisms between the United States and China are rattling governments around the world, prompting a German official to warn of “Cold War 2.0” and Kenya’s president to appeal for unity to fight the coronavirus pandemic. Global trade already was depressed by the...

FILE - In this June 17, 2015 file photo, an Airbus A350 performs a demonstration flight at the Paris Air Show, in Le Bourget airport, north of Paris. European planemaker Airbus says it is taking the last step to end 16 years of litigation with the United States at the World Trade Organization. The manufacturer said it will end a system of financial support from France and Spain that the WTO had deemed illegal and unfair to rival Boeing. The Trump administration used the case as justification to slap tariffs on $7.5 billion worth of European exports. (AP Photo/Francois Mori, File)

Airbus moves to end 16 years of litigation, end US tariffs

Jul. 24, 2020 6:31 AM EDT

European planemaker Airbus says it is taking the last step to end 16 years of litigation with the United States at the World Trade Organization over subsidies. The manufacturer said it will end a system of financial support from France and Spain that the WTO had deemed illegal and unfair to rival Boeing. The...

A worker wearing a face mask to protect against the new coronavirus guides the loading of a shipping container at a container port in Qingdao in eastern China's Shandong Province, Thursday, July 9, 2020. China’s imports of U.S. goods rose 10.6% in June over a year earlier and its global trade also increased in a fresh sign the world’s second-largest economy is gradually recovering from the coronavirus pandemic, customs data showed Tuesday July 14, 2020. (Chinatopix via AP)

China's trade rises as economy recovers from virus slump

Jul. 14, 2020 2:21 AM EDT

BEIJING (AP) — China’s trade improved in June in a fresh sign the world’s second-largest economy is recovering from the coronavirus pandemic. But its exporters face threats including tension with Washington and a possible downturn in U.S. and European demand. Chinese imports rose 3% over a...

Democratic presidential candidate former Vice President Joe Biden speaks at McGregor Industries in Dunmore, Pa., Thursday, July 9, 2020. (AP Photo/Matt Slocum)

Biden pledges New Deal-like economic agenda to counter Trump

Jul. 9, 2020 9:08 PM EDT

DUNMORE, Pa. (AP) — Democrat Joe Biden turned his campaign against President Donald Trump toward the economy Thursday, introducing a New Deal-like economic agenda while drawing a sharp contrast with a billionaire incumbent he said has abandoned working-class Americans amid cascading crises. The former...

Saudi, Briton join race for top WTO post ahead of deadline

Jul. 8, 2020 2:58 PM EDT

GENEVA (AP) — Britain and Saudi Arabia put forward late entries Wednesday for the contest to become the next director-general of the World Trade Organization, joining six others hoping to lead the Geneva-based trade body that has faced scorn and pressure from the Trump administration. The candidacies came...

FILE - In this file photo taken May 23, 2019, and released by the U.S. Embassy in Beijing, U.S. Ambassador to China Terry Branstad, left, speaks with a monk at the Jokhang Temple in Lhasa in western China's Tibet Autonomous Region. China said Wednesday, Jul 8, 2020, it will impose visa restrictions on U.S. individuals following the Trump administration's imposition of travel bans on Chinese officials it accuses of restricting foreigners' access to Tibet. (U.S. Mission to China via AP, File)

China threatens visa restrictions on US officials over Tibet

Jul. 8, 2020 6:10 AM EDT

BEIJING (AP) — China said Wednesday it will impose visa restrictions on U.S. individuals following the Trump administration’s imposition of travel bans on Chinese officials it accuses of restricting foreigners’ access to Tibet. Chinese Foreign Ministry spokesperson Zhao Lijian said the move...

FILE - In this May 11, 2020 file photo, a container ship is docked at Maher Terminals in Elizabeth, N.J. The U.S. trade deficit rose for the third straight month in May. Both exports and imports fell as the coronavirus outbreak continued to take a toll on world commerce. The Commerce Department said Thursday, July 2 that the gap between the United States buys and what it sells abroad rose 9.7% in May to $54.6 billion, highest since December 2018. (AP Photo/Mark Lennihan, File)

US trade deficit rises 9.7% in May to $54.6 billion

Jul. 2, 2020 9:28 AM EDT

WASHINGTON (AP) — The U.S. trade deficit rose for the third straight month in May. Both exports and imports fell as the coronavirus outbreak continued to take a toll on world commerce. The Commerce Department said Thursday that the gap between the goods and services the United States buys and what it sells...

A Bharatiya Janata Party activist burns a photograph of Chinese President Xi Jinping during a protest in Jammu, India, Wednesday, July.1, 2020. Indian TikTok users awoke Tuesday to a notice from the popular short-video app saying their data would be transferred to an Irish subsidiary, a response to India's ban on dozens of Chinese apps amid a military standoff between the two countries. The quick workaround showed the ban was largely symbolic since the apps can’t be automatically erased from devices where they are already downloaded, and is a response to a border clash with China where 20 Indian soldiers died earlier this month, digital experts said. (AP Photo/Channi Anand)

China accuses India of targeting Chinese imports after clash

Jul. 2, 2020 5:35 AM EDT

BEIJING (AP) — China accused India on Thursday of improperly disrupting activities by Chinese companies in the midst of tensions over a bloody clash between forces along their disputed border. China has not taken any retaliatory measures in response to India’s actions and a return to normal is in...

FILE - This March 25, 2020, file photo shows a small load of pollack being sorted as it comes off a boat at the Portland Fish Exchange in Portland, Maine. The amount of commercial fishing taking place worldwide has dipped since the start of the coronavirus pandemic, but scientists and conservation experts say it's unclear if the slowdown will help jeopardized species of sea life to recover. (AP Photo/Robert F. Bukaty)

Worldwide slowdown in fishing unlikely to save rare species

Jun. 29, 2020 1:12 PM EDT

PORTLAND, Maine (AP) — Commercial fishing taking place worldwide has dipped since the start of the coronavirus pandemic, but scientists and conservation experts say it's unclear if the slowdown will help endangered species of marine life recover. Hours logged by fishermen at sea fell by nearly 10% around...