Latest Trade barriers News

Global shares skid on renewed US-China trade worries

Nov. 21, 2019 3:45 AM EST

BEIJING (AP) — World shares skidded Thursday, tracking moderate declines on Wall Street as anxiety mounted over the possibility the U.S. and China may not reach a trade deal before next year. China’s Commerce Ministry on batted away rumors that the talks were in trouble with a spokesman saying...

Asian shares skid on renewed US-China trade worries

Nov. 20, 2019 11:35 PM EST

BEIJING (AP) — Shares skidded Thursday in Asia after moderate declines on Wall Street as anxious mounted over the possibility the U.S. and China may not reach a trade deal before next year. Hong Kong led the region with its benchmark Hang Seng index falling 1.5% to 26,461.41. The Shanghai Composite index...

Wine woes: Tariffs, Brexit cloud French Beaujolais season

Nov. 20, 2019 4:48 AM EST

CHATILLON, France (AP) — Celebration is the mot du jour in France’s Beaujolais region on the third Thursday of November, when winemakers and sellers uncork the season’s Beaujolais Nouveau with feasting and fanfare. But considerable uncertainty is clouding this year’s celebration of the...

UN adds explosive components ban to Somalia arms embargo

Nov. 15, 2019 6:30 PM EST

UNITED NATIONS (AP) — The U.N. Security Council on Friday extended an arms embargo on Somalia and a ban on trade in charcoal, a key source of funds for al-Shabab extremists — and it imposed a new ban on ingredients for explosive devices the group is increasingly using. The vote on the...

EU acts against Colombia for slapping duties on fries

Nov. 15, 2019 7:10 AM EST

BRUSSELS (AP) — The European Union is launching a case against Colombia at the World Trade Organization for slapping extra duties on fries from the bloc. The European Commission said Friday that it has repeatedly implored Colombia to lift the duties, ranging from 3% to 8%. The commission says the tariffs...

EU rebuffs American pitch of quick deal for more lobsters

Nov. 15, 2019 6:13 AM EST

PORTLAND, Maine (AP) — The United States trade representative is hoping to broker a deal with the European Union to send more lobsters to Europe, but has received a chilly reception so far. The American lobster industry is in the midst of a challenging time in part because of tariffs with China and the EU....

Stock prices surge on bullish talk on China-US trade deal

Nov. 15, 2019 12:27 AM EST

BANGKOK (AP) — Shares advanced in Asia on Friday after White House officials said China and the U.S. were getting close to an agreement to cool tensions over trade. Markets have swung from euphoria to alarm as officials in Beijing and Washington offered conflicting opinions about the state of the...

China presses Washington for tariff cut in trade deal

Nov. 14, 2019 6:00 AM EST

BEIJING (AP) — China pressed Washington on Thursday to roll back punitive tariffs in a tentative trade deal. A tariff cut is an “important condition” for the agreement that is part of talks on ending a costly trade war, said Commerce Ministry spokesman Gao Feng. Beijing said last week...

Sour grapes: Trade war puts cork in US wine sales to China

Nov. 13, 2019 8:02 PM EST

LIVERMORE, Calif. (AP) — Caught in the crossfire of President Donald Trump’s trade war with China, U.S. vineyards are struggling to sell Syrah in Shanghai and Chardonnay in Shenzhen. They risk losing their foothold in one of the world’s fastest-growing wine markets. The 16-month dispute...

US budget deficit surges to $134.5 billion in October

Nov. 13, 2019 5:10 PM EST

WASHINGTON (AP) — The federal government, which ended the 2019 budget year with its largest deficit in seven years, began the new budget year with a deficit in October that was 33.8% bigger than a year ago as spending hit a record. The Treasury Department said Wednesday that the deficit last month totaled...