Latest Trade barriers News

UN adds explosive components ban to Somalia arms embargo

Nov. 15, 2019 6:30 PM EST

UNITED NATIONS (AP) — The U.N. Security Council on Friday extended an arms embargo on Somalia and a ban on trade in charcoal, a key source of funds for al-Shabab extremists — and it imposed a new ban on ingredients for explosive devices the group is increasingly using. The vote on the...

EU acts against Colombia for slapping duties on fries

Nov. 15, 2019 7:10 AM EST

BRUSSELS (AP) — The European Union is launching a case against Colombia at the World Trade Organization for slapping extra duties on fries from the bloc. The European Commission said Friday that it has repeatedly implored Colombia to lift the duties, ranging from 3% to 8%. The commission says the tariffs...

EU rebuffs American pitch of quick deal for more lobsters

Nov. 15, 2019 6:13 AM EST

PORTLAND, Maine (AP) — The United States trade representative is hoping to broker a deal with the European Union to send more lobsters to Europe, but has received a chilly reception so far. The American lobster industry is in the midst of a challenging time in part because of tariffs with China and the EU....

Stock prices surge on bullish talk on China-US trade deal

Nov. 15, 2019 12:27 AM EST

BANGKOK (AP) — Shares advanced in Asia on Friday after White House officials said China and the U.S. were getting close to an agreement to cool tensions over trade. Markets have swung from euphoria to alarm as officials in Beijing and Washington offered conflicting opinions about the state of the...

China presses Washington for tariff cut in trade deal

Nov. 14, 2019 6:00 AM EST

BEIJING (AP) — China pressed Washington on Thursday to roll back punitive tariffs in a tentative trade deal. A tariff cut is an “important condition” for the agreement that is part of talks on ending a costly trade war, said Commerce Ministry spokesman Gao Feng. Beijing said last week...

Sour grapes: Trade war puts cork in US wine sales to China

Nov. 13, 2019 8:02 PM EST

LIVERMORE, Calif. (AP) — Caught in the crossfire of President Donald Trump’s trade war with China, U.S. vineyards are struggling to sell Syrah in Shanghai and Chardonnay in Shenzhen. They risk losing their foothold in one of the world’s fastest-growing wine markets. The 16-month dispute...

US budget deficit surges to $134.5 billion in October

Nov. 13, 2019 5:10 PM EST

WASHINGTON (AP) — The federal government, which ended the 2019 budget year with its largest deficit in seven years, began the new budget year with a deficit in October that was 33.8% bigger than a year ago as spending hit a record. The Treasury Department said Wednesday that the deficit last month totaled...

President Trump: Decision on auto tariffs coming ‘very soon’

Nov. 13, 2019 1:56 PM EST

WASHINGTON (AP) — President Donald Trump says he “will make a decision very soon’’ about whether to impose tariffs on imported cars and auto parts. It was unclear whether he would meet a Wednesday deadline to decide. In May, Trump declared that auto imports posed a threat to U.S....

Global stocks sink after Trump threatens more China tariffs

Nov. 13, 2019 7:48 AM EST

BEIJING (AP) — Global stocks sank Wednesday after U.S. President Donald Trump threatened more tariff hikes on Chinese imports if talks aimed at ending a trade war fail to produce an interim agreement. Market benchmarks in London, Frankfurt, Shanghai and Tokyo declined. Wall Street looked set to slip. Trump...

Asian stocks sink after Trump threatens more China tariffs

Nov. 12, 2019 10:53 PM EST

BEIJING (AP) — Asian stocks sank Wednesday after U.S. President Donald Trump threatened more tariff hikes on Chinese imports if talks aimed at ending a trade war fail to produce an interim agreement. Market benchmarks in Shanghai, Tokyo, Hong Kong and Southeast Asia all declined. Trump said Tuesday that...