Latest Global trade News

FILE - This Nov. 4, 2019, file photo shows cargo cranes at the Port of Tacoma in Tacoma, Wash. U.S lawmakers are pushing for a ban on exports from an area of northwest China following a report that found widespread use of forced labor. (AP Photo/Ted S. Warren, File)

Congress seeks to block goods from China over forced labor

Sep. 22, 2020 5:23 PM EDT

WASHINGTON (AP) — A bipartisan bill aimed at keeping goods out of the U.S. that are made with the forced labor of detained ethnic minorities in China passed overwhelmingly Tuesday in the House of Representatives despite concerns about the potential effects on global commerce. The House voted 406-3 to...

FILE - This Jan. 23, 2015 file photo shows Winston Churchill's family home at Chartwell, England, which is cared for by the National Trust. Britain’s National Trust which looks after hundreds of the country’s well-loved historic sites, published a report Tuesday Sept. 22, 2020, said 93 of its sites have connections with aspects of the global slave trade or Britain’s colonial history. Churchill led the administration of colonies and has been criticized for opposing Indian independence. (Gareth Fuller/PA via AP, File)

UK's National Trust details historic sites' links to slavery

Sep. 22, 2020 10:30 AM EDT

LONDON (AP) — Britain’s National Trust, which looks after hundreds of the country’s well-loved historic sites, has detailed how dozens of its properties have links to slavery and colonialism. A report published Tuesday by the heritage and conservation organization said 93 of its sites have...

This photo combo shows the candidates for the WTO Director-General selection process at the headquarters of the World Trade Organization (WTO) in Geneva, Switzerland, pictured from Wednesday to Friday, July 15 - 17, 2020. Top row form left, Abdel Hamid Mamdouh, of Egypt, Amina Mohamed, of Kenya, Mohammad Maziad Al-Tuwaijri, of Saudi Arabia, and Yoo Myung-hee, of Korea. Bottom row from left,  Liam Fox, of United Kingdom, Tudor Ulianovschi, of Moldova, Ngozi Okonjo-Iweala,of Nigeria and Jesus Seade Kuri, of Mexico. (Martial Trezzini, Salvatore Di Nolfi/Keystone via AP)

Egyptian, Mexican, Moldovan exit in race for top post at WTO

Sep. 18, 2020 6:33 AM EDT

GENEVA (AP) — World Trade Organization member countries on Friday trimmed a list of candidates vying to become the next director-general from eight to five. They ejected applicants from Egypt, Mexico and Moldova who had been hoping to lead a trade body that has become a lightning rod of criticism for the...

President Donald Trump walks on the South Lawn as he arrives at the White House, Monday, Sept. 14, 2020, in Washington from a trip to Phoenix. (AP Photo/Manuel Balce Ceneta)

US tariffs on China are illegal, says world trade body

Sep. 15, 2020 3:03 PM EDT

GENEVA (AP) — A World Trade Organization panel ruled Tuesday that Trump administration tariffs on $200 billion worth of Chinese goods are illegal, vindicating Beijing even if the United States has all but incapacitated the WTO's ability to hand down a final, binding verdict. The decision marks the first...

World Trade Organization rules that Trump administration tariffs on Chinese goods worth over $200 billion are illegal

Sep. 15, 2020 10:15 AM EDT
GENEVA (AP) — World Trade Organization rules that Trump administration tariffs on Chinese goods worth over $200 billion are illegal.
European Commission President Ursula von der Leyen during an online press conference with European Council President Charles Michel and German Chancellor Angela Merkel following an EU-China virtual summit at the European Council building in Brussels, Monday, Sept. 14, 2020. Michel, Merkel and Von der Leyen had talks in a videoconference with China's President Xi Jinping. (Yves Herman/Pool Photo via AP)

EU presses China on market access, human rights

Sep. 14, 2020 2:03 PM EDT

BRUSSELS (AP) — The European Union on Monday urged China to further open its markets up to European companies and prove that it really does want to secure an investment agreement this year with the bloc, its largest trading partner. After a two-hour video conference, German Chancellor Angela Merkel, EU...

FILE - In this Wednesday, Aug. 7, 2019 file photo, President Donald Trump takes a question from a member of the media on the South Lawn of the White House in Washington before boarding Marine One. On Friday, Sept. 11, 2020, The Associated Press reported on a video circulating online incorrectly depicting Trump lost and meandering around the White House lawn. The original Aug. 7, 2019 video clip, available on C-SPAN, was edited to make it appear the president is experiencing dementia symptoms ahead of the election. (AP Photo/Andrew Harnik)

NOT REAL NEWS: A look at what didn't happen this week

Sep. 11, 2020 4:08 PM EDT

A roundup of some of the most popular but completely untrue stories and visuals of the week. None of these are legit, even though they were shared widely on social media. The Associated Press checked them out. Here are the facts: ___ CLAIM: A total of 19,888 fake driver’s licenses that were made in China...

UN: Global tourism lost $320 billion in 5 months from virus

Aug. 25, 2020 2:07 AM EDT

UNITED NATIONS (AP) — The tourism global industry has been devastated by the coronavirus pandemic, with $320 billion lost in exports in the first five months of the year and more than 120 million jobs at risk, the U.N. chief said Tuesday. Secretary-General Antonio Guterres said in a policy briefing and...

FILE - In this July 15, 2020, file photo, visitors wearing masks to curb the spread of the coronavirus look at the latest products at a Huawei store in Beijing. China accused Washington of damaging global trade with sanctions that threaten to cripple tech giant Huawei and said Tuesday it will protect Chinese companies but gave no indication of possible retaliation. (AP Photo/Ng Han Guan, File)

China says US damaging global trade with Huawei sanctions

Aug. 18, 2020 7:17 AM EDT

BEIJING (AP) — China accused Washington of damaging global trade with sanctions that threaten to cripple tech giant Huawei and said Tuesday it will protect Chinese companies but gave no indication of possible retaliation. Rules confirmed Monday by the Commerce Department block suppliers from using U.S....

South Korea-Japan trade fight moves to global dispute panel

Jul. 29, 2020 10:18 AM EDT

GENEVA (AP) — World Trade Organization members on Wednesday created a dispute panel to rule on a complaint by South Korea against Japan over restrictions on exports to Korea of products used in semiconductors, mobile phone displays and television displays. Tokyo said it was “deeply...