Latest International trade News

US stocks bounce back from wobbly start to extend gains

Feb. 19, 2019 5:10 PM EST

Stocks shook off an early wobble on Wall Street Tuesday, finishing modestly higher and extending the market's gains into a fourth week. Solid earnings from Walmart encouraged investors to bid up other retailers and consumer goods companies. Communication services stocks and banks also contributed to the broad...

US automakers to Trump: Don't slap tariffs on imported cars

Feb. 19, 2019 3:56 PM EST

DETROIT (AP) — America's auto industry is bracing for a potential escalation in President Donald Trump's tariff war with the world, one that could weaken the global auto industry and economy, inflate car prices and trigger a backlash in Congress. Late Sunday, the Commerce Department sent the White House a...

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...

US, China resume trade talks in Washington ahead of deadline

Feb. 19, 2019 9:46 AM EST

WASHINGTON (AP) — The United States and China resume talks Tuesday aimed at ending a fight over Beijing's technology ambitions ahead of a deadline for a massive U.S. tariff hike. The White House said that meetings between mid-level delegations will begin in Washington following talks last week in Beijing...

World stocks turn lower ahead of more China-US trade talks

Feb. 19, 2019 7:16 AM EST

BANGKOK (AP) — Stock mostly fell in Europe and Asia on Tuesday and U.S. markets looked set to open lower as Chinese and U.S. negotiators geared up for trade talks in Washington. Germany's DAX fell 0.4 percent to 11,256 while the CAC 40 in France slipped 0.5 percent to 5,141. Britain's FTSE 100 sank 0.7...

Asian shares gain on hopes for progress on China-US trade

Feb. 18, 2019 11:04 PM EST

BANGKOK (AP) — Asian shares are mostly higher as Chinese and U.S. officials prepare for trade talks in Washington this week. U.S. markets were closed Monday for President's Day. Analysts said much is riding on the outcome of the trade talks after an inconclusive end to an earlier round in Beijing last...

EU warns of reduced imports if Trump puts tariffs on cars

Feb. 18, 2019 2:22 PM EST

BRUSSELS (AP) — The European Union warned U.S. President Donald Trump Monday that the bloc will step back from a commitment to buy more American soybeans and liquid gas if European cars are hit with punitive tariffs. The U.S. Commerce Department is expected issue its guidance on whether auto imports...

Dutch company fined for exporting turbine parts to Iran

Feb. 18, 2019 11:48 AM EST

THE HAGUE, Netherlands (AP) — A Dutch company has been convicted of illegally exporting to Iran gas turbine parts that could be used in the manufacture of weapons. A court in the southern province of Limburg convicted Euroturbine BV on Monday of setting up shell construction companies aimed at avoiding...

AP FACT CHECK: Trump spins fiction about diversity visas

Feb. 18, 2019 12:38 AM EST

WASHINGTON (AP) — President Donald Trump is going after the "horror show" known as the diversity visa lottery program. His description of it is pure fiction. The president offered a multitude of fabrications and partial truths over the past week on the subject of immigration — both the legal and...

Asian stocks rally on hope of further China-US trade talks

Feb. 17, 2019 10:32 PM EST

SINGAPORE (AP) — Asian markets were broadly higher on Monday as traders looked forward to the continuation of trade talks between Chinese and American officials in Washington this week. South Korea's Kospi jumped 0.7 percent to 2,212.38 and the Shanghai Composite index rose 1.6 percent to 2,724.23. Hong...