Latest Trade policy News

OPEC+ makes big oil cut to boost prices; pump costs may rise

Oct. 05, 2022 13:59 PM EDT

FRANKFURT, Germany (AP) — The OPEC+ alliance of oil-exporting countries decided Wednesday to sharply cut production to support sagging oil prices, a move that could deal the struggling global economy another blow and raise politically sensitive pump prices for U.S. drivers just ahead of key...

EU agrees on price cap for Russian oil over Ukraine war

Oct. 05, 2022 08:20 AM EDT

BRUSSELS (AP) — European Union countries agreed Wednesday to impose a price cap on Russian oil and other new sanctions after Moscow illegally annexed four regions in Ukraine amid its monthslong war, EU officials said. Diplomats struck the deal in Brussels that also includes curbs...

Allies aim for risky Russian oil price cap as winter nears

Oct. 02, 2022 00:04 AM EDT

WASHINGTON (AP) — U.S. officials celebrated in early September when top allies agreed to back an audacious, never-before-tried plan to clamp down on Vladimir Putin’s access to cash as he wages war on Ukraine. The idea sounded simple enough: The countries would pay only cut-rate...

What the war in Ukraine means for Asia's climate goals

Oct. 01, 2022 18:31 PM EDT

NEW DELHI, India (AP) — The queues outside petrol pumps in Sri Lanka have lessened, but not the anxiety. Asanka Sampath, a 43-year-old factory clerk, is forever vigilant. He checks his phone for messages, walks past the pump, and browses social media to see if fuel has arrived....

Japan PM condemns Russian annexation of parts of Ukraine

Sep. 30, 2022 21:15 PM EDT

TOKYO (AP) — Japanese Prime Minister Fumio Kishida, in telephone call Friday with Ukrainian President Volodymyr Zelenskyy, condemned Russia’s new annexation of parts of Ukraine as illegal and a violation of the country's sovereignty. “I told him that the process that Russia...

Russia's nuclear trade with Europe flows despite Ukraine war

Sep. 29, 2022 10:54 AM EDT

PARIS (AP) — While the European Union has agreed to curtail its use of Russian oil and gas, its member nations continue to import and export nuclear fuel that is not under EU sanctions — to the chagrin of the Ukrainian government and environmental activists. A cargo ship...

Editorial Roundup: United States

Sep. 28, 2022 15:48 PM EDT

Excerpts from recent editorials in the United States and abroad: Sept. 26 The Washington Post on congressional stock-trading It is a long-running scandal that members of Congress are allowed to trade individual stocks. They have access to privileged...

EU plans Russia trade sanctions over 'sham' Ukraine votes

Sep. 28, 2022 11:26 AM EDT

BRUSSELS (AP) — European Union countries should impose “biting sanctions” on Russian trade and hit officials responsible for “sham referendums” held in parts of Ukraine as Moscow ramps up the war, senior EU officials said Wednesday. European Commission President Ursula von...

US to seek stronger labor, environmental standards in Asia

Sep. 23, 2022 11:50 AM EDT

WASHINGTON (AP) — The U.S. is outlining its goals for a new trade deal with Australia, Japan, South Korea and nine other nations meant to signal the country's commitment to working with the Indo-Pacific region at a time of growing Chinese clout. The Office of the U.S. Trade...

NOT REAL NEWS: A look at what didn't happen this week

Sep. 23, 2022 10:52 AM EDT

A roundup of some of the most popular but completely untrue stories and visuals of the week. None of these are legit, even though they were shared widely on social media. The Associated Press checked them out. Here are the facts: ___ Ad misleads on treaty regulating...