Latest Trade barriers News

Trump wields sanctions hammer; experts wonder to what end

Aug. 18, 2019 8:31 AM 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...

Weak global growth likely to mean US slowdown, not recession

Aug. 15, 2019 8:07 PM EDT

WASHINGTON (AP) — How fragile is the global economy? The U.S.-China trade war is weakening businesses in both countries, Germany's economy shrank in the second quarter, and Britain appears headed for a disruptive exit from the European Union this fall. Those trends have hammered American manufacturers and...

Retailers wrestle with a volatile trade policy with China

Aug. 15, 2019 11:11 AM EDT

NEW YORK (AP) — Lance Ruttenberg knows too well how fast President Donald Trump's China trade policies can change. As president and CEO of American Textile Co., he and his team spent weeks on a comprehensive study analyzing how a 10% tariff set for Sept. 1 would affect their business, which makes thousands...

China threatens retaliation if US tariff hikes go ahead

Aug. 15, 2019 6:42 AM EDT

BEIJING (AP) — China on Thursday threatened retaliation if Washington steps up their war over trade and technology by going ahead with planned Sept. 1 tariff hikes on additional Chinese imports. Beijing will take unspecified "necessary countermeasures," the Cabinet said in a one-sentence statement. It gave...

Asian stocks lower after US indexes tumble on recession fear

Aug. 15, 2019 12:35 AM EDT

BEIJING (AP) — Asian stock markets followed Wall Street lower on Thursday after the Dow Jones Industrial Average plunged on mounting fears of a possible recession. Market benchmarks in Shanghai, Tokyo and Hong Kong all retreated. U.S. investors dumped stocks, sending the Dow into its biggest one-day drop...

Retailers wrestle with a volatile trade policy with China

Aug. 14, 2019 5:17 PM EDT

NEW YORK (AP) — Lance Ruttenberg knows too well how fast President Donald Trump's China trade policies can change. As president and CEO of American Textile Co., he and his team spent weeks on a comprehensive study analyzing how a 10% tariff set for Sept. 1 would affect their business, which makes thousands...

German recession fears weigh on stocks after relief rally

Aug. 14, 2019 8:11 AM EDT

LONDON (AP) — Fears that Germany could slip into a recession weighed hard on European stock markets Wednesday, a day after a modest relief rally prompted by the U.S. decision to delay some tariffs on Chinese imports. The key downward driver in markets on Wednesday was news that Germany, Europe's biggest...