Latest International trade News
China targets Europe's farmers, and not its automakers, in response to EU tariffs on electric cars
BEIJING (AP) — The Chinese government is taking aim at European farmers instead of German automakers by launching an investigation into European Union pork imports, just days after the EU said it plans to impose provisional tariffs on China-made electric vehicles. The Commerce...
Cars? Pork? Perfume? China has many options if a trade war breaks out with Europe
BEIJING (AP) — Now that Europe has announced tariffs on China-made electric cars, the continent is bracing to see if the other shoe drops. Will China retaliate with tariffs on European cars, taking aim at Germany's BMW and Mercedes? Would it put tariffs on agricultural products,...
The European Union moves to hike tariffs on Chinese electric car imports, escalating trade spat
BRUSSELS (AP) — The European Union moved Wednesday to hike tariffs on Chinese electric vehicles, escalating a trade dispute over Beijing's subsidies for the exports that Brussels worries is hurting domestic automakers. The European Commission, the EU's executive arm, said it would...
China's exports grow 7.6% in May, beating expectations despite trade tensions
HONG KONG (AP) — China’s exports in May grew at their fastest pace in more than a year despite trade tensions, though imports fell short of analyst expectations, according to customs data released Friday. Exports jumped 7.6% in May from the same month last year to $302.35...
Trump or Biden? Either way, US seems poised to preserve heavy tariffs on imports
WASHINGTON (AP) — As president, Donald Trump imposed a 25% tariff on foreign steel, which hurt Clips & Clamps Industries, a Michigan auto supplier — raising its materials prices, making it harder to compete with overseas rivals and costing it several contracts. Jeff...
Biden hikes tariffs on Chinese EVs, solar cells, steel, aluminum — and snipes at Trump
WASHINGTON (AP) — President Joe Biden slapped major new tariffs on Chinese electric vehicles, advanced batteries, solar cells, steel, aluminum and medical equipment on Tuesday, taking potshots at Donald Trump along the way as he embraced a strategy that's increasing friction between the world's...
Biden vows to shield US steel industry by blocking Japanese merger and seeking new Chinese tariffs
PITTSBURGH (AP) — President Joe Biden suggested to cheering, unionized steelworkers on Wednesday that his administration would thwart the acquisition of U.S. Steel by a Japanese company, and he called for a tripling of tariffs on Chinese steel, seeking to use trade policy to win over...
China's exports tumble 7.5% in March and imports also fall as demand slows
HONG KONG (AP) — China’s exports contracted in March after growing in the first two months of the year, underscoring the uneven nature of the country's recovery from the pandemic. Customs data released Friday show exports declined 7.5% in March from a year earlier, while imports...
China wins WTO dispute with Australia over steel products
SYDNEY (AP) — China has won a nearly three-year-long dispute with Australia at the World Trade Organization over tariffs on steel products that began during a low point of bilateral relations between the countries, and Australia's trade minister said Wednesday his government accepted the ruling....
