Latest Trade barriers News

FILE-In this Sept. 11, 2018 file photo, live lobsters are packed in coolers for shipment to China at The Lobster Company in Arundel, Maine. The busiest season for lobster exports to China is around Chinese New Year, which took place Saturday. Lobsters have exploded in popularity with the Chinese middle class but President Donald Trump's trade hostilities with China led to tariffs in 2018 that cratered the U.S. export market. Meanwhile, Canada's market has surged. (AP Photo/Robert F. Bukaty, files)

China deal might not bail out lobster industry this New Year

Jan. 25, 2020 9:35 AM EST

PORTLAND, Maine (AP) — American seafood exporters are optimistic that a new trade deal with China will allow them to claw back into one of the world's biggest markets for lobster, but help might not have arrived in time for the biggest day on the calendar. The busiest season for lobster exports to China...

German Finance Minister Olaf Scholz, center, looks at European Commissioner for Economy Paolo Gentiloni, front left, and European Central Bank Vice President Luis de Guindos, front right, as he arrives to an European Finance Ministers meeting at the Europa building in Brussels, Tuesday, Jan. 21, 2020. (AP Photo/Francisco Seco)

Germany says UK will face costs from Brexit

Jan. 24, 2020 8:26 AM EST

DAVOS, Switzerland (AP) — German finance minister says he is confident that his country won’t suffer from Brexit but that Britain will inevitably face “consequences” from its decision to leave the European Union. At a panel at the World Economic Forum, Olaf Scholz said Britain’s...

U.S. President Donald Trump and Ivanka Trump, right, arrive at the World Economic Forum in Davos, Switzerland, Wednesday, Jan. 22, 2020. The 50th annual meeting of the forum is taking place in Davos from Jan. 21 until Jan. 24, 2020. (AP Photo/Markus Schreiber)

The Latest: WTO chief says debate over trade rules will last

Jan. 22, 2020 1:31 PM EST

DAVOS, Switzerland (AP) — The Latest on the World Economic Forum in Davos, Switzerland (all times local): 7:25 p.m. The head of the World Trade Organization says an ongoing debate over special exemptions granted to China and India because they are still considered developing countries “is not going...

French Finance Minister Bruno Le Maire, left, and European Trade Commissioner Phil Hogan attend a media conference after their meeting in Paris, Tuesday, Jan. 7, 2020. The talks are focused on U.S. tariffs on French wine and other goods. (AP Photo/Michel Euler)

US-French tax truce a respite in tense relations with EU

Jan. 22, 2020 1:06 PM EST

DAVOS, Switzerland (AP) — France will delay its tax on big tech firms like Google and Facebook in exchange for the United States's promise to hold off retaliatory tariffs — a potential sign of goodwill in the U.S. and European Union's increasingly tense relations over trade. After U.S. President...

President Donald Trump delivers the opening remarks at the World Economic Forum, Tuesday, Jan. 21, 2020, in Davos. (AP Photo/ Evan Vucci)

Trump in Davos: Talking up economy, brushing off impeachment

Jan. 21, 2020 5:38 PM EST

DAVOS, Switzerland (AP) — President Donald Trump looked past the impeachment drama unfolding in Washington on Tuesday, turning his speech at an economic forum in the Swiss Alps into an unabashed sales pitch for the “blue-collar boom” in the U.S. economy that he says took place on his watch....

A police security guard patrols on the roof of a hotel ahead of the World Economic Forum in Davos, Switzerland, Monday, Jan. 20, 2020. The 50th annual meeting of the forum will take place in Davos from Jan. 21 until Jan. 24, 2020. (AP Photo/Markus Schreiber)

The Latest: Swiss questioned Russian suspects before Davos

Jan. 21, 2020 1:30 PM EST

DAVOS, Switzerland (AP) — The Latest on the World Economic Forum in Davos, Switzerland (all times local): 7:30 p.m. Swiss police say two Russians who were reportedly checked as suspected spies in the town of Davos months ago were released without any charges. Switzerland’s Tages Anzeiger newspaper...

President Donald Trump returns to the White House in Washington, Sunday, Jan. 19, 2020, from a campaign trip to Austin, Texas. (AP Photo/Manuel Balce Ceneta)

Trump heading to Switzerland as impeachment trial reconvenes

Jan. 20, 2020 5:31 PM EST

WASHINGTON (AP) — When President Donald Trump’s historic impeachment trial is called to order in the Senate this week, he won’t be watching from inside the chamber or on television from the White House. He'll be thousands of miles away at the Davos economic forum in the Swiss Alps, trying to...

U.S. Trade Representative Robert Lighthizer, center, and members of his staff leave the U.S. Capitol, Thursday, Jan. 16, 2020. Earlier the Senate overwhelmingly approved a new North American trade agreement that rewrites the rules of trade with Canada and Mexico and gives President Donald Trump a major policy win before senators turn their full attention ti his impeachment trial. (AP Photo/Pablo Martinez Monsivais)

Even as Trump claims two victories on trade, doubts remain

Jan. 19, 2020 11:20 AM EST

WASHINGTON (AP) — President Donald Trump’s trade deal with China last week opened up export opportunities for American farmers, manufacturers and energy producers. And his trade pact with Canada and Mexico, approved Thursday by the Senate, could help restore some auto production in the United...

Anti Brexit campaigner Steve Bray demonstrates outside Parliament in London, Wednesday, Jan. 15, 2020. Britain is due to leave the European Union on Jan. 31. (AP Photo/Kirsty Wigglesworth)

UK treasury chief: Some businesses may hurt after Brexit

Jan. 18, 2020 4:12 PM EST

LONDON (AP) — The British government has announced plans for special events on the night of Jan. 31 when the country officially leaves the European Union but the country's treasury chief has admitted that some U.K. business sectors will suffer as a result. Sajid Javid told the Financial Times in an...

Winemakers wary of impending tariffs

Jan. 18, 2020 10:02 AM EST

SALEM, Ore. (AP) — Most years, January is a month of glory for the wine industry — celebrating the harvest and holiday sales of the previous year and gearing up for the next season. But for U.S. winemakers, January 2020 is a time of panic as the industry girds itself for the Trump...