Latest Visible trade News

China's trade with US shrinks in October despite optimism

Nov. 8, 2019 12:31 AM EST

BEIJING (AP) — U.S.-Chinese trade contracted again in October, despite optimism about possible progress in talks aimed at ending a tariff war that threatens global economic growth. Chinese imports of U.S. goods fell 14.3% from a year earlier to $9.4 billion, customs data showed Friday. Exports to the...

China's imports of U.S. goods fall 14.3% in October amid tariff war, exports to United States off 16.2%

Nov. 7, 2019 11:30 PM EST
BEIJING (AP) — China's imports of U.S. goods fall 14.3% in October amid tariff war, exports to United States off 16.2%.

Hopes rise that lifting tariffs could allow US-China accord

Nov. 7, 2019 6:14 PM EST

BEIJING (AP) — The prospects for a preliminary breakthrough in the U.S.-China trade war improved Thursday after the two sides agreed to reduce some punitive tariffs on each other's goods, though the full extent of the rollback wasn't clear. A Chinese spokesman announced the development Thursday as talks on...

Unknowns about 2020 election make some businesses cautious

Nov. 6, 2019 10:55 AM EST

NEW YORK (AP) — While the 2020 presidential election is still a year away, some business owners see their customers already becoming more cautious because of the unknowns about who will be the next president, and which party will control the Senate. At Myron Moser's industrial equipment company, some...

US trade deficit falls to $52.5 billion in September

Nov. 5, 2019 10:42 AM EST

WASHINGTON (AP) — The U.S. trade deficit fell in September to the lowest level in five months as imports dropped more sharply than exports and America ran a rare surplus in petroleum. The Commerce Department said Tuesday that the September gap between what America buys from abroad and what it sells shrank...

At trade show, Xi pledges steps to open Chinese markets

Nov. 5, 2019 4:20 AM EST

SHANGHAI (AP) — President Xi Jinping promised more gradual market-opening steps at the start of an import fair Tuesday but no initiatives on technology policy and other irritants that sparked a tariff war with Washington. The second China International Import Expo showcases the country's vast import market...

Paralyzed by protests, Lebanon's fiscal crisis worsens

Oct. 30, 2019 3:11 PM EDT

BEIRUT (AP) — Lebanese banks have been closed for the last two weeks as the government grapples with mass demonstrations that have paralyzed the country, but an even greater crisis may set in when they reopen Friday. There are concerns the government may not have enough foreign reserves to defend its...

Slowing economy, trade wars, drag on US rail companies

Oct. 17, 2019 1:25 PM EDT

OMAHA, Neb. (AP) — The slowing economy and ongoing trade disputes are dragging railroad profits down in the second half of the year. Two railroads, Union Pacific and CSX, have reported declining profit and revenue this week as they hauled less grain, imported goods and other products. Union Pacific's...

Europe's specialty food makers brace for US tariffs

Oct. 17, 2019 12:25 PM EDT

MILAN (AP) — European producers of specialty agricultural products like French wine, Italian Parmesan and Spanish olives are facing a U.S. tariff hike due Friday with a mix of trepidation and indignation at being dragged into a trade war they feel they have little to do with. The tariffs on $7.5 billion...

Cuba to let citizens buy imports with foreign currencies

Oct. 16, 2019 5:12 PM EDT

HAVANA (AP) — The Cuban government says it will allow citizens to use 10 foreign currencies to buy products like televisions and air conditioners at state stores in an attempt to compete with a multi-billion-dollar informal market in imported goods. The communist state has a monopoly on most forms of...