Latest Trade barriers News

Iran's currency sees a new record low amid biting sanctions

Oct. 1, 2020 9:03 AM EDT

TEHRAN, Iran (AP) — Iran’s currency dropped Thursday to its lowest value ever at 300,000 rial for each dollar amid severe U.S. sanctions against the country. The rial has tumbled from a rate of around 262,000 in mid-September, a 12% drop. Iran’s currency was at 32,000 rials to the dollar at...

FILE - In this Saturday, Feb. 1, 2020 file photo, lorries wait to board ferries on the morning after Brexit took place at the Port of Dover, in Dover, England. The British government says there could be lines of 7,000 trucks at the English Channel and two-day waits to get into France immediately after the U.K. makes its economic break from the European Union at the end of the year. Brexit preparation minister Michael Gove describes that as a reasonable worst-case scenario in a letter to logistics firms. (AP Photo/Matt Dunham, FILE)

UK says no-deal Brexit could see 7,000-truck border queues

Sep. 23, 2020 11:09 AM EDT

LONDON (AP) — There there could be lines of 7,000 trucks at the English Channel and two-day waits to get into France immediately after the U.K. makes its economic break from the European Union at the end of the year, the British government said Wednesday, as it urged businesses to prepare for major change....

FILE - In this image made from undated, file video footage run by China's CCTV via AP Video, Muslim trainees work in a garment factory at the Hotan Vocational Education and Training Center in Hotan, Xinjiang, northwest China. China on Tuesday, Sept. 22, 2020, lashed out at the passage of a bill by the U.S. House of Representatives that threatens sanctions over the alleged use of forced labor in China’s Xinjiang region, calling the accusation a lie. (CCTV via AP Video, File)

China blasts US House bill, denies forced labor in Xinjiang

Sep. 23, 2020 6:37 AM EDT

BEIJING (AP) — China on Tuesday lashed out at the passage of a bill by the U.S. House of Representatives that threatens sanctions over the alleged use of forced labor in China’s Xinjiang region, calling the accusation a lie. Foreign ministry spokesman Wang Wenbin said the bill “maliciously...

In this image made from UNTV video, Russian President Vladimir Putin speaks in a pre-recorded message which was played during the 75th session of the United Nations General Assembly, Tuesday, Sept. 22, 2020, at U.N. headquarters in New York. The U.N.'s first virtual meeting of world leaders started Tuesday with pre-recorded speeches from some of the planet's biggest powers, kept at home by the coronavirus pandemic that will likely be a dominant theme at their video gathering this year. (UNTV via AP)

Russia's Putin urges end to sanctions to boost world economy

Sep. 22, 2020 1:36 PM EDT

MOSCOW (AP) — Russian President Vladimir Putin argued Tuesday that ending “illegitimate sanctions” against countries like his could boost the coronavirus-hit global economy and create jobs, using his annual speech at the U.N. General Assembly to stress the need for multilateral cooperation...

Molten aluminum is seen inside a smelter at the Alouette aluminum plant in Sept-Iles, Quebec, on May 21, 2019. The Trump administration said Tuesday, Spet. 15, 2020, it is dropping taxes on Canadian aluminum, easing tensions with a close ally and preempting Canada’s plans to impose retaliatory sanctions.  (Jacques Boissinot/The Canadian Press via AP)

US drops tax on Canada aluminum, heading off retaliation

Sep. 15, 2020 3:57 PM EDT

WASHINGTON (AP) — The Trump administration said Tuesday that it is dropping taxes on Canadian aluminum, easing tensions with a close ally just hours before Canada was prepared to impose retaliatory sanctions. The Office of the U.S. Trade Representative said the U.S. is ending the 10% tariffs a month after...

President Donald Trump walks on the South Lawn as he arrives at the White House, Monday, Sept. 14, 2020, in Washington from a trip to Phoenix. (AP Photo/Manuel Balce Ceneta)

US tariffs on China are illegal, says world trade body

Sep. 15, 2020 3:03 PM EDT

GENEVA (AP) — A World Trade Organization panel ruled Tuesday that Trump administration tariffs on $200 billion worth of Chinese goods are illegal, vindicating Beijing even if the United States has all but incapacitated the WTO's ability to hand down a final, binding verdict. The decision marks the first...

World Trade Organization rules that Trump administration tariffs on Chinese goods worth over $200 billion are illegal

Sep. 15, 2020 10:15 AM EDT
GENEVA (AP) — World Trade Organization rules that Trump administration tariffs on Chinese goods worth over $200 billion are illegal.
Members of the

UN assembly approves pandemic resolution; US, Israel object

Sep. 12, 2020 12:17 AM EDT

UNITED NATIONS (AP) — The U.N. General Assembly overwhelmingly approved a wide-ranging resolution on tackling the coronavirus pandemic Friday over objections from the United States and Israel, which protested a successful last-minute Cuban amendment that strongly urged countries to oppose any unilateral...

FILE - In this Sept. 9, 2020, file photo, students wear protective masks as they arrive for classes at the Immaculate Conception School while observing COVID-19 prevention protocols, in the Bronx borough of New York. (AP Photo/John Minchillo)

The Latest: NYC teachers union will block school reopening

Sep. 11, 2020 9:10 PM EDT

NEW YORK — The New York City teachers union warns it won’t let the nation’s largest school district reopen for in-person classes this month if the city doesn’t issue protective equipment, conduct testing and clean schools properly. Union leader Michael Mulgrew in a Friday video...

FILE - In this Monday, Aug. 3, 2020 file photo, a sign outside a pub reads:

UK inks trade deal with Japan just as EU talks sour

Sep. 11, 2020 10:51 AM EDT

LONDON (AP) — The U.K. secured its first major post-Brexit trade deal on Friday after signing an agreement with Japan just as discussions with the European Union appeared to be teetering on the brink of collapse. The deal, which is largely a rollover of one the U.K. enjoyed as a member of the EU, has only...