Latest Trade barriers News

Trump's 'great patriot' farmers follow him into a trade war

May. 19, 2019 12:02 PM EDT

MADRID, Iowa (AP) — Iowa farmer Tim Bardole survived years of low crop prices and rising costs by cutting back on fertilizer and herbicides and fixing broken-down equipment rather than buying new. When President Donald Trump's trade war with China made a miserable situation worse, Bardole used up any...

China's ban on scrap imports a boon to US recycling plants

May. 18, 2019 12:17 PM EDT

ALBANY, N.Y. (AP) — The halt on China's imports of wastepaper and plastic that has disrupted U.S. recycling programs has also spurred investment in American plants that process recyclables. U.S. paper mills are expanding capacity to take advantage of a glut of cheap scrap. Some facilities that previously...

AP FACT CHECK: Trump's miscues on trade and drug prices

May. 18, 2019 8:26 AM EDT

WASHINGTON (AP) — President Donald Trump spoke this past week as if he's unaware that drug prices have gone up and tariffs came before him. His boast that the U.S. never collected a dime on goods from China until he imposed them marked a series of statements misrepresenting how trade works as the two...

The Latest: Tariff agreement hailed by business groups

May. 18, 2019 6:23 AM EDT

WASHINGTON (AP) — The Latest on President Donald Trump and U.S. trade tariffs (all times local): 4:50 p.m. Mexico's National Chamber of the Iron and Steel Industry is congratulating the country's officials on the agreement reached with the United States on ending steel and aluminum tariffs. The chamber...

Q&A: Is there a way out of the US-China trade fight?

May. 18, 2019 12:27 AM EDT

WASHINGTON (AP) — The United States and China have been trading punches over trade for months. And the slugfest has only intensified this month. Claiming that the Chinese had reneged on earlier commitments in trade negotiations, the United States on May 10 more than doubled tariffs on $200 billion in...

Trump lifts tariffs on Mexico, Canada, delays auto tariffs

May. 17, 2019 5:15 PM EDT

WASHINGTON (AP) — Bogged down in a sprawling trade dispute with U.S. rival China, President Donald Trump took steps Friday to ease tensions with America's allies — lifting import taxes on Canadian and Mexican steel and aluminum and delaying auto tariffs that would have hurt Japan and Europe. By...

Wobbly week for US stocks; 2nd weekly drop for S&P 500

May. 17, 2019 5:02 PM EDT

Stocks fell broadly on Wall Street Friday as investor jitters over the heated trade war between the world's two biggest economies overshadowed encouraging developments in conflicts between the U.S. and other key trading partners. The sell-off gained strength in the last hour of trading, handing the benchmark...

Mounting tensions with Iran, China leave oil prices in flux

May. 17, 2019 3:57 PM EDT

NEW YORK (AP) — A rare mix of geopolitical tensions in the Middle East and China is tugging oil prices in opposite directions and creating uncertainty over where they might land. Deteriorating trade talks between the United States and China, the world's two largest economies, are posing a serious threat to...

Trump announces deal with Canada, Mexico to scrap 'major' tariffs; urges Congress to approve 3-nation trade agreement

May. 17, 2019 2:44 PM EDT
WASHINGTON (AP) — Trump announces deal with Canada, Mexico to scrap 'major' tariffs; urges Congress to approve 3-nation trade agreement.

AP Sources: US agrees to remove steel, aluminum tariffs on Canada and Mexico, key roadblock to new trade deal

May. 17, 2019 1:37 PM EDT
WASHINGTON (AP) — AP Sources: US agrees to remove steel, aluminum tariffs on Canada and Mexico, key roadblock to new trade deal.