Latest International trade News

US to boost natural gas exports to UK in energy partnership

Dec. 07, 2022 11:12 AM EST

WASHINGTON (AP) — The United States will increase exports of liquefied natural gas to Britain under a new agreement calling for the two countries to work together to boost energy security and drive down prices following Russia’s invasion of Ukraine. President Joe Biden and...

Editorial Roundup: United States

Dec. 07, 2022 07:11 AM EST

Excerpts from recent editorials in the United States and abroad: Dec. 5 The Washington Post on microchips, the U.S. and the future When President Biden visits a microchip factory under construction in Arizona, it might look like a political victory lap:...

EU takes China to WTO over Lithuania trade dispute

Dec. 07, 2022 06:37 AM EST

BRUSSELS (AP) — The European Union announced Wednesday that it has begun legal action at the World Trade Organization against China over what it says are import restrictions Beijing has imposed on Lithuania. The European Commission estimates that China cut trade from the EU member...

China trade shrinks amid virus pressure, interest rate hikes

Dec. 07, 2022 00:48 AM EST

BEIJING (AP) — China’s imports and exports shrank in November under pressure from weakening global demand and anti-virus controls at home. Exports sank 9% from a year ago to $296.1 billion, worsening from October’s 0.9% decline, customs data showed Wednesday. Imports fell 10.9%...

Stocks decline in Asia, extending losses on Wall Street

Dec. 06, 2022 23:29 PM EST

Shares fell in Asia on Wednesday after Wall Street declined on fears the Federal Reserve will need to keep the brakes on the economy to get inflation under control, risking a sharp recession. Oil prices were mixed. Tokyo's Nikkei 225 index slipped 0.6% to 27,727.53 and the Kospi in...

China's trade sinks in November as export demand weakens, anti-virus controls depress domestic economy

Dec. 06, 2022 22:53 PM EST
BEIJING (AP) — China's trade sinks in November as export demand weakens, anti-virus controls depress domestic economy.

Tensions over trade deals exposed at Mercosur summit

Dec. 06, 2022 19:41 PM EST

MONTEVIDEO, Uruguay (AP) — A summit of the four Mercosur nations exposed tensions Tuesday as Uruguay's eagerness to seek out foreign markets collided with opposition from Brazil, Argentina and Paraguay. Uruguayan President Luis Lacalle Pou said his country must “open up to the...

A's get reliever Chad Smith from Rockies for minor leaguer

Dec. 06, 2022 18:23 PM EST

DENVER (AP) — The Oakland Athletics picked up right-handed reliever Chad Smith in a trade with the Colorado Rockies on Tuesday. The Rockies acquired minor league pitcher Jeff Criswell in the deal. Smith made 15 appearances for the Rockies last season, going 0-1 with...

EU agrees deal to ban products which fuel deforestation

Dec. 06, 2022 07:30 AM EST

BRUSSELS (AP) — European Union lawmakers and governments reached a deal Tuesday that would ban the import of products which contribute to deforestation around the world. The preliminary agreement, which still needs to be formally adopted by the EU parliament, requires companies to...

Mongolians protest alleged theft of coal sold to China

Dec. 06, 2022 06:24 AM EST

ULAANBAATAR, Mongolia (AP) — Protesters angered by allegations of corruption linked to Mongolia's coal trade with China tried to force their way into the State Palace in the capital, demanding dismissals of officials involved in the scandal. The U.S. Embassy in Ulaanbaatar issued...