Latest Global trade News

The Fed and ECB aim to avoid downturns but with limited ammo

Sep. 12, 2019 5:19 PM EDT

WASHINGTON (AP) — The Federal Reserve and the European Central Bank are struggling mightily to invigorate their economies at a time when growth is slowing, governments remain on the sidelines and the banks' usual stimulative tools appear less effective than in the past. On Thursday, the ECB delivered a...

Friendly fire: In trade fights, Trump targets US allies, too

Sep. 11, 2019 4:20 PM EDT

WASHINGTON (AP) — President Donald Trump has risked turmoil in the financial markets and damage to the U.S. economy in waging his trade war with China, America's top strategic rival. But Trump hasn't exactly gone easy on America's friends, either. From Europe to Japan, the president has stirred up...

South Korea initiating WTO complaint over Japan trade curbs

Sep. 11, 2019 12:47 AM EDT

SEOUL, South Korea (AP) — South Korea said Wednesday it will initiate a complaint to the World Trade Organization over Japan's tightened export controls on key materials South Korean companies use to make computer chips and displays. South Korea, which has accused Tokyo of weaponizing trade to retaliate...

Climate change, trade woes reshape Frankfurt auto show

Sep. 10, 2019 2:59 PM EDT

FRANKFURT, Germany (AP) — The headwinds buffeting the auto industry are making themselves felt at the Frankfurt Motor Show, with companies confronting a slowdown in sales due to global trade uncertainty and pressure from governments to lower emissions of air pollutants and greenhouse gases. Signs of the...

New Saudi energy minister urges producers to share burden

Sep. 9, 2019 9:17 AM EDT

ABU DHABI, United Arab Emirates (AP) — Saudi Arabia's new energy minister suggested on Monday that oil producers would need to share greater responsibility to balance the market in comments that marked his debut since being named to one of the most important positions in the kingdom the previous day....

China's trade with US shrinks as tariff war worsens

Sep. 8, 2019 7:33 AM EDT

BEIJING (AP) — China's trade with the United States is falling as the two sides prepare for negotiations with no signs of progress toward ending a tariff war that threatens global economic growth. Imports of American goods tumbled 22% in August from a year earlier to $10.3 billion, customs data showed...

The Latest: Macron calls Amazon an issue for whole planet

Aug. 26, 2019 11:19 PM EDT

BIARRITZ, France (AP) — The Latest on the summit of leaders from the Group of Seven democracies (all times local): 10 p.m. French President Emmanuel Macron says the Amazon, while mostly Brazilian, is a world issue and that his message to Brazil President Jair Bolsonaro is "we cannot allow you to destroy...

Trump's inconsistent messages on China trade heighten risks

Aug. 26, 2019 5:12 PM EDT

WASHINGTON (AP) — U.S. tariffs on Chinese goods are going up. Wait, President Donald Trump says he's having second thoughts. No, no, Trump may actually raise tariffs even higher. He's also demanding that U.S. companies leave China. Well, maybe not. The communications on China from Trump and his...

As summit ends, Macron expresses hope for US-China deal

Aug. 26, 2019 3:47 PM EDT

BIARRITZ, France (AP) — With clouds growing over growth, French President Emmanuel Macron ended the Group of Seven summit of rich democracies Monday with a sparse declaration in which leaders committed themselves to "open and fair global trade and the stability of the global economy." The four-sentence...

Best G-7 can do for global economy: just don't make it worse

Aug. 25, 2019 1:53 PM EDT

BIARRITZ, France (AP) — The global economy craves a double shot of confidence right now but the best that leaders of the Group of Seven can offer is a less intoxicating cocktail: not making things worse. Sharp differences over U.S. President Donald Trump's trade conflict with China and threats to escalate...