Latest Global trade News

Editorial Roundup: US

Oct. 21, 2020 2:11 PM EDT

Excerpts from recent editorials in the United States and abroad: ___ Oct. 21 Los Angeles Times on the U.S. Department of Justice's antitrust lawsuit against Google: The internet has been a powerful source of innovation and opportunity in the half-century since the first electronic message was sent between...

Valdis Dombrovskis, Vice-President of the EU Commission, speaks at a press conference in Berlin, Germany, following the informal talks of the EU Trade Ministers on Monday, Sept. 21, 2020.  (Bernd von Jutrczenka/Pool via AP)

WTO says EU can put tariffs on $4 billion of US goods

Oct. 13, 2020 1:42 PM EDT

GENEVA (AP) — International arbitrators said Tuesday that the European Union can impose tariffs and other penalties on up to $4 billion worth of U.S. goods and services over illegal American support for plane maker Boeing. The move further sours transatlantic ties at a time when the coronavirus has doused...

World Trade Organization arbitrators say EU can sanction up to $4 billion in US goods over illegal support for Boeing

Oct. 13, 2020 10:11 AM EDT
GENEVA (AP) — World Trade Organization arbitrators say EU can sanction up to $4 billion in US goods over illegal support for Boeing.
Customers wearing face masks to help curb the spread of the coronavirus look at a newly unveiled new model from the American bicycle brand at a retailed shop in Beijing on July 29, 2020. China's trade growth accelerated in September as the world's second-largest economy recovered form the coronavirus pandemic. (AP Photo/Andy Wong)

China's trade growth accelerates in Sept; exports up 9.9%

Oct. 13, 2020 1:22 AM EDT

BEIJING (AP) — China’s trade growth accelerated in September as the world’s second-largest economy recovered from the coronavirus pandemic. Exports rose 9.9% over a year earlier to $239.8 billion, up from August’s 9.5% growth, customs data showed Tuesday. Imports gained 13.2% to...

Lori Gonzalez, left, and Rachel Spray carry flowers to the temporary grave marker of Gonzalez's sister and Kaiser Permanente Fresno Medical Center nurse, Sandra Oldfield, at the Sanger Cemetery in Sanger, Calif., Saturday, Aug. 29, 2020. Oldfield died after being exposed to the novel coronavirus. Workers at the hospital said they did not have the proper personal protective equipment. (AP Photo/Gary Kazanjian)

US medical supply chains failed, and COVID deaths followed

Oct. 8, 2020 11:33 AM EDT

Nurse Sandra Oldfield’s patient didn’t have the usual symptoms of COVID-19 — yet. But then he tested positive for the virus, and it was clear that Oldfield — a veteran, 53-year-old caregiver — had been exposed. She was sent home by Kaiser Permanente officials with instructions...

FILE - This  file 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, Yoo Myung-hee, of Korea, left and Ngozi Okonjo-Iweala, of Nigeria. The World Trade Organization says South Korea’s trade minister and a Harvard-trained former Nigerian finance minister have qualified as the two finalists to become the next director-general, ensuring a woman in the top job for the first time. WTO spokesman Keith Rockwell said Thursday, Oct. 8, 2020 that a selection committee found Ngozi Okonjo-Iweala of Nigeria and Yoo Myung-hee of South Korea qualified for the final round in a race expected to end in the coming weeks. (Martial Trezzini, Salvatore Di Nolfi/Keystone via AP, File)

World Trade Organization to be led by a woman for first time

Oct. 8, 2020 11:12 AM EDT

GENEVA (AP) — The World Trade Organization announced Thursday that South Korea’s trade minister and a Harvard-trained former Nigerian finance minister have qualified as the two finalists to become the next director-general, ensuring a woman in the top job for the first time. A selection committee...

Sri Lankans wait to give swab samples to test for COVID-19 in Minuwangoda, Sri Lanka, Tuesday, Oct. 6, 2020. (AP Photo/Eranga Jayawardena)

The Latest: Sri Lanka bans gatherings amid virus cluster

Oct. 6, 2020 10:30 PM EDT

COLOMBO, Sri Lanka — Authorities in Sri Lanka have banned all public gatherings as a new cluster of coronavirus infections expands in the Indian Ocean island nation. Health authorities said early Wednesday that the outbreak centered at a garment factory has risen to 830 confirmed cases while more than...

In this photo provided by Nana Mariam Maiga, World Trade Organization Deputy Director General Yi Xiaozhun, centre,  speaks at a news conference in Geneva, Tuesday Oct. 6, 2020, as he presented the world trade body’s revised forecast for merchandise trade growth amid the coronavirus pandemic. The World Trade Organization is predicting a 9.2% drop in merchandise trade this year, saying the hit from the pandemic doesn’t appear to be bad as first thought.  At left is Robert Koopman, WTO chief economist, and at right, WTO spokesman Keith Rockwell. (Nana Mariam Maiga via AP)

Ex-Chinese diplomat details new WTO forecast on world trade

Oct. 6, 2020 1:47 PM EDT

GENEVA (AP) — A former Chinese diplomat took center stage Tuesday at the World Trade Organization, announcing its revised prediction for a 9.2% percent decline in world merchandise trade this year and cautioning that a further hit could await if the coronavirus continues to spread. Deputy Director-General...

FILE - In this July 30, 2020 file photo, Kai Hu, a research associate transfers medium to cells, in the laboratory at Imperial College in London. Imperial College is working on the development of a COVID-19 vaccine. South Africa and India on Friday Oct. 2, 2020, asked the World Trade Organization to waive some provisions in the international agreements that regulate intellectual property rights, to speed up efforts to prevent, treat and contain the COVID-19 pandemic and make sure developing countries are not left behind. (AP Photo/Kirsty Wigglesworth, File)

India, South Africa ask WTO to ease IP rules for COVID-19

Oct. 3, 2020 6:42 AM EDT

NEW DELHI (AP) — South Africa and India have asked the World Trade Organization to waive some provisions in the international agreements that regulate intellectual property rights, to speed up efforts to prevent, treat and contain the COVID-19 pandemic and make sure developing countries are not left...

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...