Latest International trade News

Japan accepts talks with South Korea on WTO arbitration

Sep. 20, 2019 8:52 AM EDT

TOKYO (AP) — Japan has announced it will accept South Korea's request for joint talks leading to arbitration by the World Trade Organization after Seoul filed a complaint with the international body over Tokyo's tightening of export controls. Trade minister Isshu Sugawara, however, said Friday that Japan's...

Cambodia gives garment workers 4.4% minimum wage hike

Sep. 20, 2019 8:05 AM EDT

PHNOM PENH, Cambodia (AP) — Cambodia's government announced Friday that it is raising the minimum wage for the garment industry, the country's biggest export earner, whose workers make up a powerful political bloc. The Ministry of Labor and Vocational Training said starting in January, the minimum wage...

Asian shares mostly higher as China cuts loan rate

Sep. 20, 2019 12:08 AM EDT

BANGKOK (AP) — Asian shares were mostly higher on Friday after a lackluster session on Wall Street, as investors shifted their focus to China-U.S. trade talks after a busy week of central bank news. Japan's Nikkei 225 index gained 0.4% to 22,135.98 and the Shanghai Composite index rose 0.2% to 3,004.48....

Weak manufacturing threatens consumer-fueled growth

Sep. 19, 2019 12:37 PM EDT

NEW YORK (AP) — Consumers have supported the economy during its record-setting expansion, but a shrinking manufacturing sector, crushing tariffs and other dangers may bring the good times to an end. Fresh warning bells rang on Wall Street earlier this month after factory output shrank for the first time in...

Huawei debuts phone without Google apps as US sanctions bite

Sep. 19, 2019 12:36 PM EDT

MUNICH (AP) — Huawei launched a new flagship smartphone on Thursday but it comes without popular Google apps such as Chrome or YouTube after U.S. sanctions kicked in, limiting its appeal to consumers. The Chinese tech giant's Mate 30 phone series, including one for new 5G networks, runs on an open source...

France floats tariffs on US goods amid Airbus-Boeing dispute

Sep. 19, 2019 9:14 AM EDT

PARIS (AP) — France's finance minister says Europe is ready to impose retaliatory tariffs next year on U.S. goods as part of a long-running dispute over subsidies to plane makers Airbus and Boeing. Finance Minister Bruno Le Maire told reporters Thursday that "trade wars are good for no one," noting damage...

A divided Fed reduces rates but may not cut again this year

Sep. 18, 2019 6:24 PM EDT

WASHINGTON (AP) — A sharply divided Federal Reserve cut its benchmark interest rate Wednesday for a second time this year but declined to signal that further rate cuts are likely this year. The Fed's move reduced its key short-term rate — which influences many consumer and business loans — by...

Pelosi welcomes Hong Kong pro-democracy activists to Capitol

Sep. 18, 2019 2:35 PM EDT

WASHINGTON (AP) — House Speaker Nancy Pelosi on Wednesday welcomed Hong Kong pro-democracy activists to the U.S. Capitol, sending a message to Beijing that Congress supports the protesters in their months-long campaign for human rights. Pelosi thanked the activists for "challenging the conscience," not...

Germany extends ban on Saudi arms sales

Sep. 18, 2019 10:16 AM EDT

BERLIN (AP) — Germany has extended its ban on defense industry exports to Saudi Arabia for another six months, despite some calls for it to be relaxed in the wake of the recent attacks on the country's oil production facilities. The government said Wednesday the ban had been extended for six months until...

The Latest: Merkel open to free trade agreement post-Brexit

Sep. 18, 2019 10:07 AM EDT

STRASBOURG, France (AP) — The Latest on Brexit (all times local): 3:45 p.m. German Chancellor Angela Merkel says she still sees a possibility for Britain to make "an orderly exit" from the European Union but Germany also is prepared for a disorderly Brexit. Merkel said a day after a telephone call with...