Latest Global trade News

A recently landed Delta Air Lines plane  is towed past two stripped passenger planes at Pinal Airpark Wednesday, March 18, 2020, in Red Rock, Ariz., as many passenger planes are being kept at the facility as airlines cut back on service due to the coronavirus. (AP Photo/Ross D. Franklin)

Manufacturers shutter plants, travel halted as virus spreads

Mar. 18, 2020 9:10 PM EDT

The number of confirmed cases of the new coronavirus worldwide surpassed 200,000 for the first time Wednesday and the damage being seeded in the global economy is growing more clear by the day. Furloughs and job cuts, from dog walkers to oilfield workers, have begun. Governments around the world are pushing...

Lawmakers repeal tax break for Boeing to resolve dispute

Mar. 12, 2020 7:53 PM EDT

OLYMPIA, Wash. (AP) — The Washington Legislature has approved a revised bill to repeal a tax break for Boeing, a measure that was requested by the aerospace giant to resolve a long-running international trade dispute. The Seattle Times reports that Senate Bill 6690 was passed by lawmakers Thursday, the...

A woman walks past a poster depicting the 1859 painting by Italian artist Francesco Hayez, ll Bacio (The Kiss), hanging on a facade of the Pinacoteca di Brera Museum, in Milan, Italy, Wednesday, March 11, 2020. Italy is mulling even tighter restrictions on daily life and has announced billions in financial relief to cushion economic shocks from the coronavirus. Premier Giuseppe Conte says he will consider requests to toughen an already extraordinary lockdown For most people, the new coronavirus causes only mild or moderate symptoms, such as fever and cough. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia. (AP Photo/Luca Bruno)

Market swings and a wave of cancellations as virus spreads

Mar. 11, 2020 7:59 PM EDT

WASHINGTON (AP) — Seven weeks after the first case of COVID-19 was confirmed in the U.S., the outbreak is now classified as a pandemic and it's doing widespread damage to critical economic sectors of the global economy. Airlines are cutting capacity, people are working from home, major public events that...

Measure repealing Boeing tax break passes state Senate

Mar. 11, 2020 12:13 PM EDT

OLYMPIA, Wash. (AP) — The state Senate has approved a revised bill to repeal a tax break for Boeing, a measure that was requested by the aerospace giant to resolve a long-running trade dispute. The Daily Herald reports that Senate Bill 6690 was passed by a 43-5 vote on Tuesday and no goes to the House. It...

FILE - In this Feb. 8, 2009, file photo, cranes off load containers at the Jebel Ali port terminal 2 in Dubai, United Arab Emirates. Dubai-based port operator DP World said Wednesday, March 11, 2020 its profits fell 8.3% to $1.18 billion in 2019, warning that global trade remains threatened by trade wars and the spread of the new coronavirus. (AP Photo/Kamran Jebreili, File)

Port firm DP World sees 2019 profits drop 8.3% as it delists

Mar. 11, 2020 4:54 AM EDT

DUBAI, United Arab Emirates (AP) — Dubai-based port operator DP World said Wednesday its profits fell 8.3% to $1.18 billion in 2019, warning that global trade remains threatened by trade wars and the spread of the new coronavirus. The annual report may be last for the port operator that's predominantly...

Conference to address impact of coronavirus on global trade

Mar. 9, 2020 4:09 AM EDT

RICHMOND, Va. (AP) — Speakers at an annual agricultural trade conference in Richmond are expected to address the potential impacts of the coronavirus outbreak on global trade. Gov. Ralph Northam will co-host the 12th annual Governor's Conference on Agricultural Trade on Tuesday at the Richmond Marriott...

Grounded Boeing 737 MAX airplanes fill a parking area adjacent to Boeing Field, Wednesday, Feb. 19, 2020, in Seattle. Washington state lawmakers say they will introduce bills, at The Boeing Co.'s request, to suspend the aerospace giant's preferential business and occupation tax rate until the United States and European Union resolve their long-running international trade dispute. (AP Photo/Elaine Thompson)

Boeing asks lawmakers to suspend preferential tax rate

Feb. 19, 2020 6:48 PM EST

OLYMPIA, Wash. (AP) — Washington state lawmakersintroduced bills Wednesday,at The Boeing Co.’s request, to suspend the aerospace giant's preferential business and occupation tax rate unless the United States and European Union reach an agreement on their long-running international trade dispute that...

European Commission President Ursula von der Leyen, left, talks to to European Union chief Brexit negotiator Michel Barnier during a debate on a proposed mandate for negotiations for a new partnership with the United Kingdom of Great Britain and Northern Ireland, at the European Parliament in Strasbourg, eastern France, Tuesday, Feb.11, 2020. (AP Photo/Jean-Francois Badias)

EU chief rejects Johnson's idea of loose UK trade deal

Feb. 11, 2020 9:12 AM EST

BRUSSELS (AP) — The European Union will only offer Britain unique access to its vast single market if the U.K. agrees to stick to the bloc's standards, European Commission President Ursula von der Leyen said Tuesday, dismissing British Prime Minister Boris Johnson's idea of brokering a loose trade deal...