Latest International trade News
Michigan aerospace companies seek new markets in Mexico
LANSING, Mich. (AP) — Leaders of seven Michigan companies with ties to the aerospace industry are joining state officials on a trip to Mexico in search of new export opportunities. They'll take part in a three-day program beginning Tuesday that's designed to match potential buyers, partners and...
Former arms company engineer pleads guilty to weapons count
TUCSON, Ariz. (AP) — A naturalized U.S. citizen from China who worked for 10 years for a Raytheon Corp. subsidiary as an electrical engineer has pleaded guilty to a federal arms exportation charge. Wei Sun pleaded guilty Friday in U.S. District Court in Tucson, where Raytheon Missile Systems has a large...
Trump's $1.5B uranium bailout triggers rush of mining plans
SALT LAKE CITY (AP) — President Donald Trump's $1.5 billion proposal to prop up the country's nuclear fuel industry has emboldened at least one company to take steps toward boosting operations at dormant uranium mines around the West, including outside Grand Canyon National Park. The company, Canada-based...
UN experts: North Korea enhances nukes and illicit trade
UNITED NATIONS (AP) — U.N. experts say North Korea has increased imports and exports of banned and restricted goods such as coal and petroleum products as it continues to enhance its illicit nuclear and ballistic missile programs in violation of sanctions. The experts identified new methods that the...
German economy stagnates in sign of Europe's difficulties
FRANKFURT, Germany (AP) — Growth ground to a halt at the end of the year in Germany, Europe’s largest economy, as manufacturing remained in a slump and exports fell, official figures showed Friday. The flat reading underlines the challenge facing the broader eurozone economy as it struggles against...
UK Treasury chief quits as Johnson shakes up Cabinet
LONDON (AP) — British Prime Minister Boris Johnson tightened his grip on the government Thursday with a Cabinet shake-up that triggered the unexpected resignation of his Treasury chief, the second-most powerful figure in the administration. Sajid Javid's resignation was the most dramatic moment i n a...
US gives Iraq sanctions waiver for vital Iranian gas imports
BAGHDAD (AP) — The United States has granted Iraq a 45-day sanctions waiver enabling the country to continue importing vital Iranian gas and electricity supplies. In a statement Wednesday, the U.S. State Department said the waiver “ensures that Iraq is able to meet its short-term energy needs while...
Trump says US working on trade deal with Ecuador
WASHINGTON (AP) — President Donald Trump said Wednesday that he's working on a trade deal with Ecuador's President Lenin Moreno, who became the first chief of state from the small South American nation in 17 years to meet with an American president in Washington. “They have incredible product,"...
North Dakota non-oil exports total $2.2 billion in 2019
BISMARCK, N.D. (AP) — The U.S. Commercial Service says that excluding oil, North Dakota exported more than $2.2 billion worth of products last year, which is nearly an 11% decrease from 2018. The state's export decline was led by soybeans and machinery, including farm implements. Soybean exports decreased...
EU plans trade sanctions against Cambodia over rights record
BRUSSELS (AP) — The European Union has declared its intention to slap sanctions on Cambodia over what it considers to be the country's human rights and trade union violations. The EU's executive Commission said Wednesday that it has decided to withdraw key tariff preferences that amount to about one-fifth...
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