Latest Trade policy News

Cryptocurrencies, digital tax top agenda for G-7 meeting

Jul. 16, 2019 5:17 PM EDT

PARIS (AP) — Finance officials from the Group of Seven rich democracies will weigh risks from new digital currencies and debate how to tax tech companies like Google and Amazon when they meet at a chateau north of Paris starting Wednesday. Those issues, raised by the impact of digitalization on the world...

Trump administration blasts WTO ruling on China

Jul. 16, 2019 4:35 PM EDT

WASHINGTON (AP) — The Trump administration blasted a World Trade Organization decision Tuesday that could let China levy sanctions on the United States. The 2-1 decision by the WTO's appellate body was actually a mixed verdict in a case that dates back to 2007 and is unrelated to the tariffs the...

Trump signs order to make American-made goods more American

Jul. 15, 2019 5:45 PM EDT

WASHINGTON (AP) — President Donald Trump signed an executive order Monday that will require federal agencies to purchase products using more American components. The order strengthens the standards that federal agencies must follow under the Buy American Act, which creates a preference for American-made...

China's growth cools further as tariff war pressures mount

Jul. 15, 2019 3:20 PM EDT

BEIJING (AP) — China's economic growth sank to its lowest level in at least 26 years in the quarter ending in June, adding to pressure on Chinese leaders as they fight a tariff war with Washington. The world's second-largest economy grew 6.2% over a year ago, down from the previous quarter's 6.4%,...

The Latest: Israeli PM: EU-Iran deal same as bowing to Nazis

Jul. 15, 2019 2:18 PM EDT

BRUSSELS (AP) — The Latest on tensions in the Persian Gulf amid a crisis between the United States and Iran (all times local): 8:10 p.m. Israel's prime minister has responded to the European Union's efforts to salvage the Iran nuclear deal by comparing it to "European appeasement in the 1930s" of Nazi...

Trade wars cool market for small businesses

Jul. 15, 2019 1:20 PM EDT

NEW YORK (AP) — The market for small businesses cooled for the third straight quarter during the spring as tariffs from the trade war with China made some sellers and buyers uneasy about making a deal. That report comes from BizBuySell.com, an online marketplace for small companies that counted 2,444...

EU works to save unraveling nuclear agreement with Iran

Jul. 15, 2019 1:04 PM EDT

BRUSSELS (AP) — European Union nations threw their diplomatic weight behind the unraveling Iran nuclear deal on Monday, trying to rescue the pact from collapsing under U.S. pressure. The 28 EU foreign ministers insisted that recent Iranian actions surpassing uranium enrichment thresholds set by the 2015...

S. Korea, Japan fail to resolve growing trade dispute

Jul. 12, 2019 9:09 PM EDT

SEOUL, South Korea (AP) — South Korea and Japan on Friday failed to immediately resolve their dispute over Japanese export restrictions that could hurt South Korean technology companies, as Seoul called for an investigation by the United Nations or another international body. Tokyo last week tightened the...

Trump pushes trade deal in formerly blue Wisconsin

Jul. 12, 2019 7:17 PM EDT

MILWAUKEE (AP) — President Donald Trump barnstormed for his new trade deal with Mexico and Canada during a visit to Wisconsin on Friday, hoping that its economic impact will help him to retain a battleground state vital to his re-election effort. Trump told workers at Derco Aerospace the United...

Business Highlights

Jul. 12, 2019 5:01 PM EDT

___ Report: FTC approves roughly $5B fine for Facebook SAN FRANCISCO (AP) — A Wall Street Journal report says that the FTC has voted this week to approve a fine of about $5 billion for Facebook over privacy violations. The report Friday cites an unnamed person familiar with the matter. Facebook and the FTC...