Latest Trade agreements News

In this handout photo provided by the Press Information Bureau, Indian Prime Minister Narendra Modi speaks during a virtual meeting with Australian Prime Minister Scott Morrison, in New Delhi, India, Thursday, June 4, 2020. India and Australia upgraded their relationship with a raft of agreements Thursday, including strengthening defense ties and cooperation in the Indo-Pacific maritime issues. The agreements were signed during a virtual summit between Modi and Morrison. (Press Information Bureau via AP)

India, Australia sign defense, trade deals to bolster ties

Jun. 4, 2020 6:05 AM EDT

NEW DELHI (AP) — India and Australia upgraded their relationship with a raft of agreements Thursday, including strengthening defense ties and cooperation in the Indo-Pacific maritime issues. The agreements were signed during a virtual summit between Indian Prime Minister Narendra Modi and his Australian...

In this Monday, March 2, 2020 file photo, European Commission's Head of Task Force for Relations with the United Kingdom Michel Barnier, right, speaks with the British Prime Minister's Europe adviser David Frost during the start of the first round of post -Brexit trade talks between the EU and the UK, at EU headquarters in Brussels. Slowed by the coronavirus pandemic and whipped up by a British-imposed deadline, talks between the EU and the UK on a future relationship in the wake of Brexit are struggling to make significant progress. A third negotiation session is drawing to a close on Friday, May 15, 2020 but so far, just over 100 days after the official exit of the UK from the EU, fundamental gaps still exist. (Olivier Hoslet, Pool Photo via AP, File)

Bank of England reminds banks of 'no deal' Brexit risk

Jun. 3, 2020 8:43 AM EDT

LONDON (AP) — The Bank of England is reminding British banks to prepare for the possibility that the U.K. and the European Union will fail to agree on a trade deal by the end of the year, amid few signs of progress in discussions between the two sides. In a statement Wednesday following reports that its...

European Union's chief Brexit negotiator Michel Barnier speaks during a media conference, following the third round of Brexit talks between the EU and Britain, at EU headquarters in Brussels, Friday, May 15, 2020. Talks between the European Union and the United Kingdom on their future relationship in the wake of Brexit have ground to a near-standstill despite the urgency for progress before a summit next month.(Francois Lenoir, Pool Photo via AP)

EU, UK leaders to meet this month as post-Brexit talks stall

Jun. 2, 2020 11:32 AM EDT

BRUSSELS (AP) — The European Union's top executive and British Prime Minister Boris Johnson will meet this month for talks that could give new momentum to the stalled post-Brexit negotiations. As a fourth round of talks between teams of negotiators resumed Tuesday with little hope for a breakthrough on a...

Na Seung-sik, deputy minister of the Ministry of Trade, Industry and Energy's Office of Trade and Investment, speaks during a briefing at the government complex in Sejong, South Korea, Tuesday, June 2, 2020. Reigniting a bitter row between key U.S. allies, South Korea on Tuesday said it will reopen a complaint filed with the World Trade Organization over Japan’s tightened controls on technology exports to its companies, blaming Tokyo for an alleged lack of commitment in resolving mutual grievances. (Kang Jong-min/Newsis via AP)

South Korea to reopen WTO complaint over Japan trade curbs

Jun. 2, 2020 3:27 AM EDT

SEOUL, South Korea (AP) — Reigniting a bitter row between key U.S. allies, South Korea on Tuesday said it will reopen a complaint filed with the World Trade Organization over Japan’s tightened controls on technology exports to its companies, blaming Tokyo for an alleged lack of commitment in...

President Donald Trump speaks in the Rose Garden of the White House, Friday, May 29, 2020, in Washington. (AP Photo/Alex Brandon)

AP Explains: Trump actions on Hong Kong just threats for now

May. 30, 2020 12:45 PM EDT

WASHINGTON (AP) — President Donald Trump has announced what he said are “significant actions” regarding U.S. relations with Hong Kong. But the measures are still just a warning, at least for now. He said he would direct his administration to begin eliminating the policies that give the...

A man walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, May 29, 2020. Shares fell Friday in Asia after Wall Street’s rally petered out amid worries about flaring U.S.-China tensions. (AP Photo/Eugene Hoshiko)

Stocks erase a loss as worries over China tensions fizzle

May. 29, 2020 5:13 PM EDT

Stocks closed out a solid week on Wall Street Friday with a late-afternoon rebound after worries that President Donald Trump would reignite a costly trade war with China faded. The benchmark S&P 500 index rose 0.5%, recovering from a 1% slide, after Trump outlined several actions in response to a move by...

A view of the vessel the Clavel, right, sailing on international waters crossing the Gibraltar stretch on Wednesday, May 20, 2020. Five Iranian tankers likely carrying at least $45.5 million worth of gasoline and similar products are now sailing to Venezuela, part of a wider deal between the two U.S.-sanctioned nations amid heightened tensions between Tehran and Washington. (AP Photo/Marcos Moreno)

Venezuela to escort Iranian tankers bringing needed fuel

May. 20, 2020 7:24 PM EDT

CARACAS, Venezuela (AP) — Venezuela’s defense minister said Wednesday that planes and ships from the nation's armed forces will escort Iranian tankers arriving with fuel to the gasoline-starved country in case of any U.S. aggression. Defense Minister Vladimir Padrino López said Venezuela's...

FILE - In this Wednesday, Feb. 5, 2020 file photo, European Commission's Head of Task Force for Relations with the United Kingdom Michel Barnier, right, is greeted by David McAllister, the German EU parliamentarian who is the legislature's top official on the bilateral relations. Slowed by the coronavirus pandemic and whipped up by a British-imposed deadline, talks between the EU and the UK on a future relationship in the wake of Brexit are struggling to make significant progress. A third negotiation session is drawing to a close on Friday, May 15, 2020 but so far, just over 100 days after the official exit of the UK from the EU, fundamental gaps still exist. (AP Photo/Francisco Seco, File)

As EU talks stall, UK outlines tariffs for post-Brexit world

May. 19, 2020 1:24 PM EDT

LONDON (AP) — The British government published Tuesday the outlines of a new post-Brexit tariff regime that could potentially lead to a fall in the price of thousands of products, including Christmas trees, cocoa and fridges. The Department for International Trade said the new regime will see tariffs...

European Union's chief Brexit negotiator Michel Barnier speaks during a media conference, following the third round of Brexit talks between the EU and Britain, at EU headquarters in Brussels, Friday, May 15, 2020. Talks between the European Union and the United Kingdom on their future relationship in the wake of Brexit have ground to a near-standstill despite the urgency for progress before a summit next month.(Francois Lenoir, Pool Photo via AP)

UK-EU deadlocked in Brexit talks as clock ticks down

May. 15, 2020 9:10 AM EDT

BRUSSELS (AP) — Talks between the European Union and the United Kingdom on their post-Brexit relationship ground to a near-standstill Friday, with each side accusing the other of blocking progress on a trade deal just weeks before a crucial summit. The EU's chief negotiator, Michel Barnier, told a news...

Member of European Parliament David McAllister speaks during an interview outside European Parliament on Thursday, May 14, 2020. Slowed by the coronavirus pandemic and whipped up by a British-imposed deadline, talks between the EU and the UK on a future relationship in the wake of Brexit are struggling to make significant progress. A third negotiation session is drawing to a close on Friday, May 15, 2020 but so far, just over 100 days after the official exit of the UK from the EU, fundamental gaps still exist. (AP Photo/Mark Carlson)

EU-UK talks struggle amid pandemic, cross-Channel division

May. 14, 2020 10:31 AM EDT

BRUSSELS (AP) — Slowed by the coronavirus pandemic and whipped up by a U.K.-imposed deadline, talks between the European Union and Britain on their future relationship in the wake of Brexit are struggling to make significant progress. Reduced to negotiating sessions on video because of travel...