Latest International trade News

Michigan aerospace companies seek new markets in Mexico

Feb. 16, 2020 11:14 AM EST

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

Feb. 15, 2020 6:20 PM EST

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...

This April 11, 2015, photo provided by EcoFlight shows the White Mesa Uranium Mill near Blanding in southeastern Utah. The Trump administration is asking Congress for $1.5 billion over 10 years to build up a U.S. uranium stockpile, saying it wants to break an over-reliance on foreign uranium that undermines U.S. energy security. The White Mesa facility is one of the sites where production could be ramped up under the proposal. (Dom Smith/EcoFlight via AP)

Trump's $1.5B uranium bailout triggers rush of mining plans

Feb. 14, 2020 11:20 PM EST

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

Feb. 14, 2020 8:24 PM EST

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...

File---Picture taken October 4, 2017 shows containers on a cargo ship in Hamburg, Germany. (Axel Heimken/dpa via AP)

German economy stagnates in sign of Europe's difficulties

Feb. 14, 2020 6:41 AM EST

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...

British lawmaker Sajid Javid Chancellor of the Exchequer walks along Downing Street in London, Thursday, Feb. 13, 2020. British Prime Minister Boris Johnson shook up his government on Thursday, firing and appointing ministers to key Cabinet posts. Johnson was aiming to tighten his grip on government after winning a big parliamentary majority in December's election. That victory allowed Johnson to take Britain out of the European Union in January. (AP Photo/Matt Dunham)

UK Treasury chief quits as Johnson shakes up Cabinet

Feb. 13, 2020 12:22 PM EST

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...

FILE - In this Jan. 12, 2017 file photo, a worker operates valves in Nihran Bin Omar field north of Basra, Iraq. The U.S. has signaled to Iraq it's willingness to extend sanctions waivers enabling the country to continue importing vital Iranian gas and electricity imports, three Iraqi officials said this week. The decision comes amid strained U.S.-Iraqi ties following last month's Washington-directed airstrike that killed a high-profile Iranian general on Iraqi soil. (AP Photo/Nabil al-Jurani, File)

US gives Iraq sanctions waiver for vital Iranian gas imports

Feb. 12, 2020 8:55 PM EST

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...

President Donald Trump and first lady Melania Trump welcome Ecuadorian President Lenin Moreno and his wife Rocio Gonzalez to the White House, Wednesday, Feb. 12, 2020, in Washington. (AP Photo/Evan Vucci)

Trump says US working on trade deal with Ecuador

Feb. 12, 2020 4:37 PM EST

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

Feb. 12, 2020 2:56 PM EST

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...

In this Tuesday, Feb. 11, 2020, photo, garment factory workers walk out at the end of their work shift close to Phnom Penh, Cambodia. The European Union on Wednesday, Feb. 12, 2020, announced its intention to punish Cambodia with sanctions for what it sees as human rights and trade union violations, saying it wants to withdraw key tariff preferences that amount to about one-fifth of the billion euros ($1.1 billion) the Asian nation exports to the bloc each year. (AP Photo/Heng Sinith)

EU plans trade sanctions against Cambodia over rights record

Feb. 12, 2020 11:23 AM EST

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...