Latest Trade policy News

US eases effects of sanctions on Iran's elite guard force

Apr. 24, 2019 2:52 PM EDT

WASHINGTON (AP) — The Trump administration on Wednesday granted important exemptions to new sanctions on Iran's Revolutionary Guard, watering down the effects of the measures while also eliminating an aspect that would have complicated U.S. foreign policy efforts. Foreign governments and businesses that...

Iranian leaders defiant in face of Trump's move on sanctions

Apr. 24, 2019 7:35 AM EDT

TEHRAN, Iran (AP) — Iranian leaders are defiant in the wake of President Donald Trump's decision to impose sanctions on countries that import Iranian oil, vowing to respond to America's move. The U.S. announced the sanctions in November but some countries got temporary waivers that allowed them to import...

Kim looks to Russia as sanctions bite North Korea's economy

Apr. 23, 2019 10:43 PM EDT

SEOUL, South Korea (AP) — Two months after he failed to win a badly needed easing of sanctions from President Donald Trump, North Korean leader Kim Jong Un is traveling to Russia in a possible attempt to win its help as the U.S.-led trade sanctions hurt his country's already-struggling economy. There are...

Oil prices climb in wake of Iranian oil sanctions decision

Apr. 23, 2019 5:55 PM EDT

NEW YORK (AP) — Global oil prices are rising in the wake of President Donald Trump's decision to impose sanctions on nations that import Iranian oil and could eventually climb to levels that would impact American consumers. Analysts said Tuesday that by taking Iranian crude off the market, the price of...

Pence to visit Michigan to tout trade deal, raise money

Apr. 23, 2019 5:41 PM EDT

TAYLOR, Mich. (AP) — Vice President Mike Pence is visiting Michigan to tout the new North American trade agreement and to raise money for President Donald's Trump re-election campaign. Pence will have three events in the Detroit area Wednesday. He will first participate in a fundraiser in Detroit for Trump...

The Latest: Iran brushes off US decision on sanction waivers

Apr. 22, 2019 12:09 PM EDT

WASHINGTON (AP) — The Latest on U.S. sanctions on countries importing Iranian oil (all times local): 12:05 p.m. Iran has brushed off the Trump administration's decision to stop exempting countries from U.S. sanctions on its oil exports. In a statement carried by the official IRNA news agency on Monday, the...

US won't renew sanctions waivers for importing Iranian oil

Apr. 22, 2019 9:20 AM EDT

WASHINGTON (AP) — The Trump administration on Monday told five nations — Japan, South Korea, Turkey, China and India — that they will no longer be exempt from U.S. sanctions if they continue to import oil from Iran. President Donald Trump has decided not to reissue the waivers when they...

AP sources: US to sanction nations for importing Iranian oil

Apr. 21, 2019 8:33 PM EDT

WASHINGTON (AP) — The Trump administration is poised to tell five nations, including allies Japan, South Korea and Turkey, that they will no longer be exempt from U.S. sanctions if they continue to import oil from Iran, officials said Sunday. Secretary of State Mike Pompeo plans to announce on Monday that...

Commission: New NAFTA would deliver modest economic gains

Apr. 18, 2019 4:50 PM EDT

WASHINGTON (AP) — President Donald Trump's new North America trade agreement would give the U.S. economy only a modest boost, an independent federal agency has found. The International Trade Commission said Thursday that Trump's U.S.-Mexico-Canada agreement would lift the U.S. economy by 0.35%, or $68.2...

US wins WTO case against China over grain exports

Apr. 18, 2019 2:08 PM EDT

WASHINGTON (AP) — The World Trade Organization handed the United States a win Thursday in a trade dispute with China, ruling that Beijing did not fairly administer quotas on U.S. wheat, rice and corn. The WTO, the Geneva organization that oversees the rules of global trade, found that China had not been...