Latest International trade News

Economic slowdown drags Union Pacific 3Q profit down 2%

Oct. 17, 2019 9:53 AM EDT

OMAHA, Neb. (AP) — The slowing economy and ongoing trade disputes are dragging railroad profits down in the second half of the year. Union Pacific and CSX railroads both reported declining profit and revenue as they hauled less grain, imported goods and other products. Union Pacific said volume fell 8% in...

Global shares rally on tentative Brexit deal

Oct. 17, 2019 8:07 AM EDT

BANGKOK (AP) — Global markets were boosted Thursday by news that Britain and the European have agreed on an outline Brexit deal after days of intense negotiations. Benchmarks in London and Frankfurt rallied and Wall Street was positioned for gains when the market opens in New York. Although news of a...

China appeals to Washington for quick end to trade war

Oct. 17, 2019 6:28 AM EDT

BEIJING (AP) — China appealed to Washington for a quick end to their trade war but gave no indication Thursday what additional steps Beijing might want before carrying out what President Donald Trump says is a promise to buy up to $50 billion of American farm goods. Trump agreed Friday to delay a tariff...

Asian shares mixed on caution over China-US trade deal

Oct. 17, 2019 1:01 AM EDT

BANGKOK (AP) — Asian shares were mixed Thursday after officials signaled work remains to be done on an agreement for a truce in the tariff war between the U.S. and China. Hong Kong led regional gains after its chief executive, Carrie Lam, announced help for the property sector. The semi-autonomous city's...

Workers celebrate deal with GM, show union power in industry

Oct. 16, 2019 11:18 PM EDT

DETROIT (AP) — On the picket lines at a General Motors transmission plant in Toledo, Ohio, passing cars honked and striking workers celebrated a tentative contract deal by munching on 10 pizzas dropped off by a supporter. They had carried signs for 31 days and demonstrated the muscle the United Auto...

Fed survey finds US economy being hurt by trade battles

Oct. 16, 2019 6:46 PM EDT

WASHINGTON (AP) — The U.S. economy expanded at a modest pace in September and into October, despite rising trade tensions and weaker global growth that hampered manufacturing, and adverse weather hitting farmers. In its latest assessment of business conditions around the country, the Federal Reserve...

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...

Trump boasts that US would win tariff war with Europe

Oct. 16, 2019 3:10 PM EDT

WASHINGTON (AP) — President Donald Trump voiced confidence Wednesday that the U.S. could not lose a tariff war with the European Union as the U.S. prepares to impose trade sanctions on up to $7.5 billion worth of EU goods. The Trump administration plans to impose punitive tariffs starting Friday following...

Macron and Merkel try to showcase unity as Brexit looms

Oct. 16, 2019 3:03 PM EDT

TOULOUSE, France (AP) — President Emmanuel Macron and Chancellor Angela Merkel sought Wednesday to show unity at a meeting in southern France, as the European Union and Britain appeared close to a tentative Brexit deal. "We must show that ... we, Europeans, Germany and France in particular, are defending...

AP FACT CHECK: Dems flub details on climate, guns, Syria

Oct. 16, 2019 1:45 PM EDT

WASHINGTON (AP) — A dozen Democrats seeking the presidency tussled in a debate packed with policy, flubbing some details in the process. Several gave an iffy explanation of why they're not swinging behind a bold proposal to make people turn over their assault-style weapons. Sloppiness also crept in during...