Latest Trade barriers News

Major US stock indexes finish lower, snapping a 3-day rally

Aug. 20, 2019 5:10 PM EDT

Stocks fell broadly on Wall Street Tuesday after another slide in bond yields and a mixed batch of corporate earnings weighed on the market. The selling pulled every major sector lower, snapping a three-day winning streak for the S&P 500. Financial sector stocks bore the brunt of the decline as investors...

Huawei expects no relief from US sanctions but is confident

Aug. 20, 2019 12:29 PM EDT

SHENZHEN, China (AP) — The founder of Chinese tech giant Huawei said Tuesday he expects no relief from U.S. export curbs because of the political climate in Washington but expressed confidence the company will thrive because it is developing its own technology. Ren Zhengfei also said he doesn't want relief...

Global shares mixed after Wall Street rally on Huawei

Aug. 20, 2019 8:08 AM EDT

TOKYO (AP) — Global shares were mixed Tuesday after rallying a day earlier on the U.S. decision to give Chinese telecom giant Huawei another 90 days to buy equipment from American suppliers. Markets around the world have been swinging back and forth for months on incremental developments in the U.S.-China...

Asian shares mostly rise after Wall Street rally on Huawei

Aug. 20, 2019 12:06 AM EDT

TOKYO (AP) — Asian shares were mostly higher Tuesday after Wall Street rallied on the U.S. decision to give Chinese telecom giant Huawei another 90 days to buy equipment from American suppliers. That decision appeared to inspire a buying mood among investors eager for any signs of progress in the trade war...

74% of economists in survey see US recession by end of 2021

Aug. 19, 2019 2:03 PM EDT

WASHINGTON (AP) — A strong majority, 74%, of U.S. business economists appear sufficiently concerned about the risks of some of President Donald Trump's economic policies that they expect a recession in the U.S. by the end of 2021. The economists surveyed by the National Association for Business Economics,...

US extends limited reprieve on tech sales to China's Huawei

Aug. 19, 2019 1:55 PM EDT

The Trump administration has extended a limited reprieve on U.S. technology sales to Huawei, even as questions remain over how much of an effect broader sanctions are having on the Chinese technology giant. Huawei has become enmeshed in the trade war between Washington and Beijing, with President Donald Trump...

Trump wields sanctions hammer; experts wonder to what end

Aug. 18, 2019 9:24 PM EDT

WASHINGTON (AP) — Call it the diplomacy of coercion. The Trump administration is aggressively pursuing economic sanctions as a primary foreign policy tool to an extent unseen in decades, or perhaps ever. Many are questioning the results even as officials insist the penalties are achieving their aims. Since...

Lawyer: Iranian supertanker captain no longer wants the job

Aug. 16, 2019 7:23 PM EDT

GIBRALTAR (AP) — The captain of an Iranian supertanker at the center of a diplomatic standoff no longer wants to keep command of the ship, which is in need of repairs that could impede its immediate departure from Gibraltar, the sailor's lawyer said Friday. Any delay in the Grace 1's departure could...

California's 113-month job growth ties record set in 1960s

Aug. 16, 2019 6:11 PM EDT

SACRAMENTO, Calif. (AP) — California's job growth is now in its 113th month, tying the expansion of the 1960s as the longest on record as the world's fifth largest economy continues its recovery from the Great Recession, officials announced Friday. The country's most populous state needs between 8,000 and...

The Latest: US to revoke visas held by crew of Iranian ship

Aug. 15, 2019 10:09 PM EDT

MADRID (AP) — The latest on Iranian supertanker at center of Persian Gulf tensions (all times local): 4:05 a.m. The State Department says it will revoke U.S. visas for crew members on an Iranian oil tanker that was seized by authorities in Gibraltar for sanctions violations but released Thursday. The...