Latest Trade barriers News

North Korea, seeking food aid, links sanctions to shortages

Mar. 22, 2019 12:05 AM EDT

PYONGYANG, North Korea (AP) — Kumkhop Trading Co. President Ri Jong Ho sweeps his hand over a table full of foods produced at his factory. There's a bowl of assorted candies and rice cakes, a plate of sausages and ham, slices of a French baguette and Russian dark bread. "We are doing fine," he says with a...

Export slump deepens for American whiskey producers

Mar. 21, 2019 11:37 AM EDT

LOUISVILLE, Ky. (AP) — American whiskey producers are suffering a worsening hangover from the Trump administration's trade disputes. Overall exports of bourbon, Tennessee whiskey and rye whiskey fell 11 percent during the second half of 2018 compared to the prior-year period, as the impact of tariffs...

UK firms step up preparations for a 'no-deal' Brexit

Mar. 21, 2019 10:30 AM EDT

LONDON (AP) — U.K. companies have ratcheted up their preparations for a disorderly "no-deal" Brexit as best they can over the past couple of months, the Bank of England said Thursday. With the prospect of a chaotic Brexit potentially eight days away, a survey by the central bank's agents showed that around...

Trump says tariffs on China could stay to ensure compliance

Mar. 20, 2019 1:24 PM EDT

WASHINGTON (AP) — President Donald Trump says if the U.S. gets a trade deal with China, tariffs could stay in place for some time to ensure Beijing "lives by the deal." Trump said Wednesday the White House was discussing keeping tariffs for a "substantial period of time," adding that China has had...

BMW warns profits will fall due to costs, trade uncertainty

Mar. 20, 2019 8:58 AM EDT

FRANKFURT, Germany (AP) — German automaker BMW said Wednesday that profits in 2019 would be "well below" last year's and that it planned to cut 12 billion euros ($13.6 billion) in costs by the end of 2022 to offset spending on new technology. The company said profits would be eroded by higher raw materials...

Chinese lawmakers endorse technology law amid US pressure

Mar. 14, 2019 9:54 PM EDT

BEIJING (AP) — Chinese legislators on Friday endorsed a law meant to help end a costly tariff war with Washington by discouraging officials from pressuring foreign companies to hand over technology. The measure is part of an investment law that aims to address complaints by the United States, Europe and...

Eastman Chemical, Conduit Global cutting jobs in Tennessee

Mar. 14, 2019 4:38 PM EDT

MEMPHIS, Tenn. (AP) — Eastman Chemical Co. said Thursday that it is cutting an undisclosed number of jobs globally, citing "the ongoing U.S.-China trade dispute" and an economic slowdown in Europe. In a statement from company spokeswoman Betty Payne, the chemical and plastics manufacturer said it has seen...

Huawei pleads not guilty in US court in Iran sanctions case

Mar. 14, 2019 1:47 PM EDT

NEW YORK (AP) — The Chinese electronics giant Huawei pleaded not guilty on Thursday to charges accusing it of plotting to violate Iran trade sanctions, a case that has complicated the China-U.S. trade dispute and cast a harsh light on the daughter of the company's founder. Lawyers for the No. 2 smartphone...

UK lawmakers vote against no-deal Brexit, now aim for delay

Mar. 13, 2019 11:30 PM EDT

LONDON (AP) — In a tentative first step toward ending months of political deadlock, British lawmakers voted Wednesday to block the country from leaving the European Union without a divorce agreement, triggering an attempt to delay that departure, currently due to take place on March 29. Parliament is...

Trump raises possibility of walking away from China deal

Mar. 13, 2019 11:01 PM EDT

WASHINGTON (AP) — President Donald Trump on Wednesday dangled the prospect of walking away from a new trade deal with China if it's not to his liking, just as he cut short his summit with North Korea's Kim Jong Un when the two sides failed to reach an agreement. Trump spoke on the state of negotiations...