Latest Trade barriers News

Getting personal: US, Turkish leaders feud over arrest

Aug. 17, 2018 6:59 PM EDT

ANKARA, Turkey (AP) — A detained American pastor has become a symbol of a growing rift between Turkey and the United States, but problems in the Cold War-era alliance as well as Turkey's own financial crisis are unlikely to dissipate even if he is released and Washington eases economic penalties. The fate...

Turkish lira resumes fall after Trump sanctions threat

Aug. 17, 2018 6:55 PM EDT

ISTANBUL (AP) — The Turkish currency fell again on Friday, breaking a three-day quiet spell in the country currency crisis, after the United States threatened to impose new sanctions on the NATO country. The lira dropped about 5 percent, to about 6.11 per dollar, after U.S. President Donald Trump posted a...

Merkel, Putin share a headache: Donald Trump

Aug. 17, 2018 3:43 AM EDT

FRANKFURT, Germany (AP) — German Chancellor Angela Merkel and Russia's President Vladimir Putin will have plenty to talk about when they meet Saturday — thanks in no small part to U.S. President Donald Trump, whose sanctions and criticisms over trade, energy and NATO have created new worries for...

Turkish finance chief tries to reassure investors on crisis

Aug. 16, 2018 8:06 PM EDT

ANKARA, Turkey (AP) — Turkey's finance chief tried to reassure thousands of international investors on a conference call Thursday, in which he pledged to fix the economic troubles that have seen the country spiral into a currency crisis. The national currency recovered somewhat from record lows hit earlier...

The Latest: Trump tweets support for pastor jailed in Turkey

Aug. 16, 2018 7:57 PM EDT

ANKARA, Turkey (AP) — The latest on Turkey's currency crisis (all times local): 2:55 a.m. President Donald Trump is calling on jailed pastor Andrew Brunson to serve as a "great patriot hostage" while he's being held in Turkey. Tweeting on Thursday, Trump says: "Turkey has taken advantage of the United...

Kudlow: China is sending team to Washington to talk trade

Aug. 16, 2018 1:03 PM EDT

WASHINGTON (AP) — The United States and China are resuming trade talks, raising hopes for a way out of an intensifying dispute between the world's two largest economies. White House economic adviser Larry Kudlow told reporters Thursday that the U.S. team will be led by David Malpass, U.S. Treasury under...

Challenged by US and market crisis, Turkey turns to Europe

Aug. 16, 2018 12:28 PM EDT

ISTANBUL (AP) — Beset by a shaky currency and tension with the United States, Turkey is reaching out to Europe to shore up relations with major trading partners despite years of testy rhetoric and a stalled bid for EU membership. The engagement by Turkish President Recep Tayyip Erdogan, who has harshly...

China sending trade envoy to Washington for talks

Aug. 15, 2018 11:16 PM EDT

BEIJING (AP) — China is sending a trade envoy to Washington in a renewed effort to end a worsening tariff dispute that has raised worries it will chill global economic growth. The delegation led by a deputy commerce minister will visit in late August to discuss "issues of mutual concern," the Commerce...

The Latest: White House says Turkey treated pastor 'badly'

Aug. 15, 2018 4:25 PM EDT

ANKARA, Turkey (AP) — The Latest on Turkey's currency crisis (all times local): 11:15 p.m. The White House says "we won't forget" how Turkey has treated a detained American pastor, after a court rejected his appeal for release. Press secretary Sarah Huckabee Sanders told reporters Wednesday that Andrew...

Nuke talks uncertain, US hits shippers with NKorea sanctions

Aug. 15, 2018 2:30 PM EDT

WASHINGTON (AP) — With little apparent progress in denuclearization talks with North Korea, the Trump administration on Wednesday stepped up pressure on the isolated nation by punishing three foreign companies accused of helping the North evade international sanctions. The Treasury Department imposed...