Latest Visible trade News

US starts talks on free trade agreement with Kenya

Jul. 8, 2020 2:51 PM EDT

WASHINGTON (AP) — The United States and Kenya began talks on a free trade agreement Wednesday that would mark the first U.S. trade deal with a sub-Saharan nation. “We look forward to concluding a comprehensive, high-standard agreement to benefit both American and Kenyan economies and that will...

FILE - In this May 11, 2020 file photo, a container ship is docked at Maher Terminals in Elizabeth, N.J. The U.S. trade deficit rose for the third straight month in May. Both exports and imports fell as the coronavirus outbreak continued to take a toll on world commerce. The Commerce Department said Thursday, July 2 that the gap between the United States buys and what it sells abroad rose 9.7% in May to $54.6 billion, highest since December 2018. (AP Photo/Mark Lennihan, File)

US trade deficit rises 9.7% in May to $54.6 billion

Jul. 2, 2020 9:28 AM EDT

WASHINGTON (AP) — The U.S. trade deficit rose for the third straight month in May. Both exports and imports fell as the coronavirus outbreak continued to take a toll on world commerce. The Commerce Department said Thursday that the gap between the goods and services the United States buys and what it sells...

EU prolongs sanctions against Russia over Ukraine conflict

Jun. 29, 2020 11:37 AM EDT

BRUSSELS (AP) — The European Union on Monday prolonged economic sanctions against Russia for six months for failing to live up to its commitments to the peace agreement in Ukraine. The measures target Russia’s financial, energy and defense sectors, as well as goods that can be used for both civilian...

EU extends Crimea, Sevastopol sanctions for a year

Jun. 18, 2020 10:03 AM EDT

BRUSSELS (AP) — The European Union on Thursday extended restrictions for another year on importing products from, or investing in, Ukraine’s Crimea region and Sevastopol, which it believes were illegally annexed by Russia. The sanctions were rolled over until June 23, 2021. They include a ban on...

Newly elected prime minister Avdullah Hoti, speaks to the media, in the capital Pristina, Wednesday, June 3, 2020. Kosovo’s parliament voted in a new prime minister Wednesday to lead a fragile coalition government that will inherit the economic impact of the coronavirus pandemic and stalled normalization talks with neighboring Serbia. (AP Photo/Visar Kryeziu)

Kosovo lifts trade measures, hoping to resume Serbia talks

Jun. 6, 2020 3:57 PM EDT

PRISTINA, Kosovo (AP) — The new Kosovo government on Saturday lifted some recently imposed measures on Serb goods entering the country, in an effort to pave the way to resuming dialogue to improve ties with its neighbor. The decision was among the first taken by Prime Minister Avdullah Hoti’s...

Gantry cranes stand idle at APM Terminals in Elizabeth, N.J., Monday, May 11, 2020. The coronavirus pandemic and the lockdowns and travel restrictions meant to contain it have hammered the world economy. (AP Photo/Mark Lennihan)

U.S. trade gap rises to $49.4 billion in April

Jun. 4, 2020 9:54 AM EDT

WASHINGTON (AP) — The U.S. trade deficit hit the highest level in eight months in April. Exports and imports both posted record monthly drops as the coronavirus pandemic smothered America's commerce with other countries. The gap between what the U.S. sells and what it buys abroad jumped to $49.4 billion in...

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...

FILE - In this April 24, 2020, file photo, a man wearing a face mask to help stop the spread of the new coronavirus stands in a middle of a walking street in the Shinjuku ward in Tokyo. Recession-hit Japan's exports plunged nearly 22% in April, the country's worst drop in more than a decade as the coronavirus pandemic slammed global demand, the Finance Ministry said Thursday, May 21, 2020. (AP Photo/Eugene Hoshiko, File)

Recession-hit Japan's exports, imports fall due to pandemic

May. 21, 2020 1:42 AM EDT

TOKYO (AP) — Recession-hit Japan's exports plunged nearly 22% in April, marking their worst drop in more than a decade, as the coronavirus pandemic slammed global demand for autos, machinery and chemicals. Imports fell 7% from a year earlier, according to Finance Ministry data released Thursday. The drop...

Lebanese man pleads guilty to drone parts export conspiracy

May. 18, 2020 9:10 PM EDT

MINNEAPOLIS (AP) — A Lebanese man has pleaded guilty in federal court in Minnesota to conspiring to export drone parts and technology from the U.S. to Iranian-backed Hezbollah militia in Lebanon. U.S. Attorney Erica H. MacDonald said Monday that Usama Hamade, 55, pleaded guilty to conspiring to illegally...