Latest Trade policy News

Technology companies drive a broad rally on Wall Street

Aug. 19, 2019 5:09 PM EDT

Technology companies powered a rally on Wall Street Monday that gave the market its third straight gain. The surge in tech stocks followed a decision by the U.S. to give Chinese telecom giant Huawei another 90 days to buy equipment from American suppliers. Chipmakers including Qualcomm, Intel and Micron, all...

74% of economists in survey see US recession by end of 2021

Aug. 19, 2019 2:03 PM EDT

WASHINGTON (AP) — A strong majority, 74%, of U.S. business economists appear sufficiently concerned about the risks of some of President Donald Trump's economic policies that they expect a recession in the U.S. by the end of 2021. The economists surveyed by the National Association for Business Economics,...

US extends limited reprieve on tech sales to China's Huawei

Aug. 19, 2019 1:55 PM EDT

The Trump administration has extended a limited reprieve on U.S. technology sales to Huawei, even as questions remain over how much of an effect broader sanctions are having on the Chinese technology giant. Huawei has become enmeshed in the trade war between Washington and Beijing, with President Donald Trump...

Trump dismisses worries of recession, says economy is strong

Aug. 19, 2019 4:28 AM EDT

BERKELEY HEIGHTS, N.J. (AP) — President Donald Trump dismissed concerns of recession on Sunday and offered an optimistic outlook for the economy after last week's steep drop in the financial markets. "I don't think we're having a recession," Trump told reporters as he returned to Washington from his New...

Japan's exports fell in July for 8th straight month

Aug. 18, 2019 11:18 PM EDT

TOKYO (AP) — Japan's exports fell for the eighth straight month in July as worries continued about President Donald Trump's trade policies denting Asian economic growth. Ministry of Finance data released Monday showed exports and imports fell in July, compared to the same month a year ago. Exports fell...

Trump wields sanctions hammer; experts wonder to what end

Aug. 18, 2019 9:24 PM 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...

Leaked UK memos warn of food, drug shortages in Brexit chaos

Aug. 18, 2019 3:55 PM EDT

LONDON (AP) — Secret British government documents have warned of serious disruptions across the country in the event that the U.K. leaves the European Union without a trade deal on Oct. 31, according to a report. The Sunday Times newspaper published what it said was what the British government expects in...

House speaker as US emissary: Pelosi emerges as force abroad

Aug. 17, 2019 5:02 PM EDT

WASHINGTON (AP) — There's an American leader whose words resonate on the global stage. Who draws attention in foreign capitals. Who carries a message from the United States by simply arriving. It's not just President Donald Trump. House Speaker Nancy Pelosi, D-Calif., is emerging as an alternative...

Signs of recession worry Trump ahead of 2020

Aug. 17, 2019 6:29 AM EDT

WASHINGTON (AP) — President Donald Trump is warning of an economic crash if he loses reelection, arguing that even voters who personally dislike him should base their ballots on the nation's strong growth and low unemployment rate. But privately, Trump is growing increasingly worried the economy won't look...

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...