Latest Global trade News

WTO body formally OKs US sanctions against EU in Airbus case

Oct. 14, 2019 4:42 AM EDT

GENEVA (AP) — The World Trade Organization has formally given the go-ahead for the United States to impose trade sanctions on up to $7.5 billion worth of European Union goods following a ruling that European plane maker Airbus received illegal subsidies. The move by the trade body's dispute settlement body...

World Bank: Trade tensions could block path out of poverty

Oct. 8, 2019 4:05 PM EDT

WASHINGTON (AP) — Rising trade tensions are threatening to block a path out of poverty for the world's poorest countries: their ability to manufacture low-cost parts for multinational corporations. In a report out Tuesday, the World Bank warns that trade conflicts between major countries —...

AP FACT CHECK: Trump's tale about Romney unrest, impeachment

Oct. 7, 2019 12:15 AM EDT

WASHINGTON (AP) — Facing an impeachment inquiry, President Donald Trump is turning to a familiar playbook to defend himself: blasting the inquiry as illegal, attacking his investigators and critics alike, and deriding the whistleblower process as all-but-rigged. Many facts are getting lost in the process....

AP FACT CHECK: Trump's fact-challenged week over impeachment

Oct. 5, 2019 8:08 AM EDT

WASHINGTON (AP) — Facing an impeachment inquiry, President Donald Trump is turning to a familiar playbook to defend himself: attacking his investigators , blasting the inquiry as illegal and deriding the process as all-but-rigged. Many facts are getting lost in the process. He repeatedly lambasted...

Spanish farmers fear 'unfair' blow of US tariffs

Oct. 4, 2019 3:07 PM EDT

CÓRDOBA, Spain (AP) — Olives are harvested the old-fashioned way on Juan Luque's farm in southern Spain, as men thrash the gnarly tree limbs with poles, raining the small green fruit into the motorized collector waiting underneath. But for Luque and thousands of other farmers scattered across Europe's...

US-Europe dispute threatens main artery of world trade

Oct. 3, 2019 11:52 PM EDT

BRUSSELS (AP) — The trade wars threatening to push the global economy into recession are entering a new phase, with the United States and European Union escalating a dispute that endangers the world’s biggest trade relationship. After the Trump administration slapped steep tariffs on $7.5 billion in...

The Latest: French wine exporters rue ‘hostages’ to US

Oct. 3, 2019 2:05 PM EDT

PARIS (AP) — The Latest on the U.S. decision to put tariffs on EU goods (all times local): 7:30 p.m. Exporters of French wines and spirits say they rue Washington’s latest decision to impose trade tariffs on European imports. Federation of French Wines and Spirits Exporters President Antoine Leccia...

WTO: US can put $7.5B in tariffs on EU goods for Airbus case

Oct. 2, 2019 10:31 AM EDT

GENEVA (AP) — The World Trade Organization says the United States can impose tariffs on up to $7.5 billion worth of goods from the European Union as retaliation for illegal subsidies that the bloc gave to plane-maker Airbus — a record award from the trade body. The move green-lights the Trump...

The Latest: Airbus warns US against tariff retaliation

Oct. 2, 2019 10:26 AM EDT

BRUSSELS (AP) — The Latest on the World Trade Organization's ruling over EU's Airbus subsidies (all times local): 4:20 p.m. Boeing competitor Airbus says the Trump administration would only hurt the United States if it slaps tariffs on the EU over its illegal financial support to the European aircraft...

Global trade body: US can slap tariffs on up to $7.5 billion worth of EU goods in response to illegal Airbus subsidies

Oct. 2, 2019 10:03 AM EDT
GENEVA (AP) — Global trade body: US can slap tariffs on up to $7.5 billion worth of EU goods in response to illegal Airbus subsidies.