Latest Trade barriers News

US to hold trade talks with Taiwan, island drills military

Aug. 18, 2022 12:36 PM EDT

HUALIEN, Taiwan (AP) — The U.S. government will hold trade talks with Taiwan in a sign of support for the island democracy that China claims as its own territory, prompting Beijing to warn Thursday it will take action if necessary to “safeguard its sovereignty.” The...

Russia's economy gets boost from wartime grain shipments

Aug. 16, 2022 10:12 AM EDT

With much fanfare, ship after ship loaded with grain has sailed from Ukraine after being stuck in the country's Black Sea ports for nearly six months. More quietly, a parallel wartime deal met Moscow’s demands to clear the way for its wheat to get to the world, too, boosting an industry vital to...

Give and take: West gives Ukraine weapons, bans Russian coal

Aug. 11, 2022 16:55 PM EDT

KYIV, Ukraine (AP) — On a day of give and take, Western nations made more pledges to send arms to Ukraine while the European Union's full ban on Russian coal imports kicked in Thursday, adding to the sanctions against Moscow that intelligence claims are hurting its defense exports. ...

Russia curtails oil shipments to central Europe

Aug. 09, 2022 12:01 PM EDT

Several countries in Europe dependent on Russian energy suffered another blow with confirmation Tuesday that oil shipments have stopped through a critical pipeline. Russian state pipeline operator Transneft said it halted shipments through the southern branch of the Druzhba oil...

Putin hosts Erdogan for talks on trade, Ukraine, Syria

Aug. 05, 2022 13:46 PM EDT

MOSCOW (AP) — Turkish President Recep Tayyip Erdogan visited Russia Friday for talks with Russian President Vladimir Putin focusing on a grain deal brokered by Turkey and the U.N., prospects for talks on ending hostilities in Ukraine, the situation in Syria and growing economic ties between...

US: Africa can buy Russian grain but risks actions on oil

Aug. 04, 2022 16:23 PM EDT

KAMPALA, Uganda (AP) — African nations are free to buy grain from Russia but could face consequences if they trade in U.S.-sanctioned commodities such as Russian oil, the U.S. ambassador to the United Nations said Thursday. “Countries can buy Russian agricultural products,...

US seeks possession of Venezuelan 747 grounded in Argentina

Aug. 02, 2022 21:33 PM EDT

BUENOS AIRES, Argentina (AP) — The U.S. Justice Department said Tuesday it is seeking possession of a Venezuelan cargo jet that has been grounded in Argentina since early June because it was previously owned by an Iranian airline that allegedly has ties to terror groups. The...

US sanctions UAE, Hong Kong firms that ship Iranian oil

Aug. 01, 2022 13:47 PM EDT

WASHINGTON (AP) — The U.S. has sanctioned a United Arab Emirates-based firm and several Asian companies for facilitating the illicit sale of millions of dollars’ worth of Iranian oil for shipment to East Asia. The Treasury Department's Office of Foreign Assets Control on Monday...

'Day by day': Trade bans, inflation send food prices soaring

Jul. 23, 2022 02:23 AM EDT

Soki Wu's food stall, tucked in a food court in a shopping mall in Singapore, is a crowd favorite for its fresh, juicy “chicken rice," a national dish. But customers recently began complaining that his chicken didn't taste quite as good as it used to. Wu was forced to switch to...

EU imposes more sanctions on Moscow over Ukraine invasion

Jul. 21, 2022 12:55 PM EDT

BRUSSELS (AP) — The European Union imposed more sanctions on Russia over the war in Ukraine on Thursday after the bloc’s 27 members backed measures that include a ban on gold imports, further restrictions on the country's biggest bank and tighter export controls on some high-technology goods. ...