Latest International trade News

World markets lower over tariffs, German tensions

Jun. 18, 2018 5:20 AM EDT

SINGAPORE (AP) — Global stocks were mostly lower Monday on concerns over trade tensions as the U.S. and China scheduled the start of tariffs on each other's goods, and a row over migrants in Germany brewed. Markets in China and Hong Kong were closed for a holiday. KEEPING SCORE: European shares sank in...

EU extends sanctions against Russia for a year over Crimea

Jun. 18, 2018 5:07 AM EDT

BRUSSELS (AP) — The European Union has extended sanctions against Russia for a year over its annexation of Ukraine's Crimean Peninsula in 2014. The EU said in a statement on Monday that it "remains firmly committed to Ukraine's sovereignty and territorial integrity" and said that it continued to "condemn...

EU trade commissioner says trade liberalization has momentum

Jun. 18, 2018 3:17 AM EDT

CANBERRA, Australia (AP) — Trade liberalization continues to have global momentum despite recent U.S. tariffs on steel and aluminum imports, the European trade commissioner said Monday as she launched free trade negotiations between the European Union and Australia. Trade Commissioner Cecilia Malmstrom...

AP FACT CHECK: More Trump falsehoods on NKorea, immigration

Jun. 18, 2018 1:10 AM EDT

WASHINGTON (AP) — President Donald Trump is exaggerating the achievements of his Singapore summit with North Korean leader Kim Jong Un, claiming the North has destroyed missile launch sites and no longer has "rockets flying over the place." That's a distorted picture. North Korea has revealed no action on...

Japan's exports, imports both grew in May amid trade tension

Jun. 18, 2018 12:40 AM EDT

TOKYO (AP) — Japan's exports to the U.S. grew 5.8 percent in May from a year ago as shipments of machinery and vehicles rose, according to government data released Monday. Japan's imports from the U.S. for the month grew 19.9 percent as imports of aircraft, fuel and medical products gained on year, the...

AP FACT CHECK: Trump on FBI, phantom law on migrant kids

Jun. 16, 2018 8:55 PM EDT

WASHINGTON (AP) — President Donald Trump is claiming exoneration in the Russia matter from a Justice Department report that actually offers him none. He's also branding fired FBI chief James Comey a criminal, though the report in question makes no such accusation. Fallout from the internal report by the...

Import now to beat tariffs on goods from China? It will cost

Jun. 16, 2018 10:05 AM EDT

New tariffs on imports from China may leave American companies with a choice — pay a higher freight bill now or pay the tariffs starting in three weeks. It can take several weeks for ship-borne cargo from China to reach the United States — too late to beat the July 6 deadline. That could lead to...

China hikes tariffs on US soybeans, electric cars, fish

Jun. 16, 2018 5:49 AM EDT

BEIJING (AP) — China fired back Saturday in a spiraling trade dispute with President Donald Trump by raising import duties on a $34 billion list of American goods including soybeans, electric cars and whiskey. The government said it was responding in "equal scale" to Trump's tariff hike on Chinese goods in...

China threatens tariffs on US lobsters as business booms

Jun. 15, 2018 10:43 PM EDT

PORTLAND, Maine (AP) — A set of retaliatory tariffs released by China on Friday includes a plan to tax American lobster exports, potentially jeopardizing one of the biggest markets for the premium seafood. Chinese officials announced the planned lobster tariff along with hundreds of other tariffs amid the...

The Latest: China fires back at US, raises own tariffs

Jun. 15, 2018 10:17 PM EDT

WASHINGTON (AP) — The Latest on President Donald Trump's tariffs on Chinese goods (all times local): ___ 10:15 p.m. China has fired back in a spiraling trade dispute with President Donald Trump by raising import duties on a $34 billion list of American goods including soybeans, electric cars and whiskey....