Latest Global trade News

US firms keep hiring, easing worries of weakening economy

Dec. 6, 2019 5:45 PM EST

WASHINGTON (AP) — American businesses have complained for years that they can’t find the workers they need to fill available jobs. November’s robust hiring gain suggests that at least some have found a way to do so. With the unemployment rate now at a half-century low of 3.5%, many economists...

AP FACT CHECK: Trump's misstatements at NATO summit

Dec. 3, 2019 5:41 PM EST

WASHINGTON (AP) — President Donald Trump on Tuesday wholly misrepresented the U.S. record on international trade disputes, incorrectly accused House Democrats of denying him lawyers in impeachment proceedings and dismissed as a mysterious “rumor” his own statement from months ago about...

WTO panel: EU fails to end illegal subsidies for Airbus

Dec. 2, 2019 6:02 PM EST

GENEVA (AP) — A World Trade Organization panel ruled Monday that the European Union has not complied with an order to end illegal subsidies for plane-maker Airbus, which prompted the Trump administration to impose tariffs on nearly $7.5 billion worth of EU goods in October. In its ruling, a WTO compliance...

Thai court fines Philip Morris $39.7 million for tax evasion

Nov. 29, 2019 6:20 AM EST

BANGKOK (AP) — A court in Thailand on Friday found the local unit of tobacco giant Philip Morris guilty of evading taxes by under-declaring the value of cigarettes it imported from the Philippines. It ordered the company to pay a fine of 1.2 billion baht ($39.7 million). The Criminal Court found Philip...

Impact of WTO protests in Seattle still felt 2 decades later

Nov. 29, 2019 1:10 AM EST

SEATTLE (AP) — Nancy Haque worried about the conditions in sweatshops around the world. For Lynne Dodson, it was the possibility of attacks on public education. The plight of imperiled sea turtles got Lisa Wathne. An array of issues brought tens of thousands of protesters to Seattle 20 years ago Saturday,...

In reversal, Seoul to keep Japan military intelligence pact

Nov. 22, 2019 7:07 AM EST

SEOUL, South Korea (AP) — In a major policy reversal, South Korea said Friday it has decided to continue, at least temporarily, a 2016 military intelligence-sharing agreement with Japan that it previously said it would terminate amid ongoing tensions over wartime history and trade. The announcement, made...

The Latest: Japan resumes export control talks with S. Korea

Nov. 22, 2019 4:53 AM EST

SEOUL, South Korea (AP) — The Latest on the dispute between South Korea and Japan (all times local): 6:45 p.m. Japan says it will resume export control talks with South Korea after Seoul notified Tokyo that it will drop action against it at WTO. Japan’s Trade Ministry made the announcement Friday....

Japan says it will resume export control talks with South Korea after Seoul says it will drop action against it at WTO

Nov. 22, 2019 4:25 AM EST
TOKYO (AP) — Japan says it will resume export control talks with South Korea after Seoul says it will drop action against it at WTO.

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...

Europeans look to China as global partner, shun Trump's US

Nov. 6, 2019 8:45 PM EST

PARIS (AP) — When France's president wants to carry European concerns to the world stage to find solutions for climate change, trade tensions or Iran's nuclear ambitions, he no longer calls Washington. He flies to Beijing. President Emmanuel Macron's visit to China this week suggests that the United States...