Latest International trade News

FILE - In this Monday, Feb. 17, 2020 file photo, former British Prime Minister Theresa May speaks at the Global Women's Forum in Dubai, United Arab Emirates. The British government on Monday Sept. 21, 2020, has won over some domestic political opponents of its plan to breach part of the Brexit divorce deal it agreed with the European Union. But former Prime Minister Theresa May has warned that the bill will do “untold damage” to the U.K. (AP Photo/Kamran Jebreili, File)

Ex-UK PM May slams Johnson's bid to break international law

Sep. 21, 2020 3:03 PM EDT

LONDON (AP) — The British government on Monday won over some domestic political opponents of its plan to breach part of the Brexit divorce deal it agreed upon with the European Union — but not former Prime Minister Theresa May, who warned that the move would do “untold damage” to the...

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)

Key EU states worry South America trade pact may hurt Amazon

Sep. 21, 2020 10:26 AM EDT

BRUSSELS (AP) — EU countries remained divided Monday on whether to approve a preliminary free trade deal drafted last year with South American countries because of concerns related to the Amazon deforestation and the respect of European standards. Speaking at an informal meeting of the 27-nation...

FILE - In this Friday, April 5, 2019 file photo, International human rights lawyer Amal Clooney smiles during a Foreign Ministers G7 meeting in Dinard, Brittany. Clooney has become the highest profile lawyer to quit over her opposition to the British government’s suggestion that it could break international law in the event it fails to agree a trade deal with the European Union. In a letter Friday, Sept. 18, 2020 to British Foreign Secretary Dominic Raab, the human rights lawyer said she is quitting her role as the U.K.’s special envoy on media freedom over the government’s “lamentable” suggestion. (AP Photo/David Vincent, file)

Amal Clooney quits UK role over 'lamentable' Brexit plan

Sep. 18, 2020 12:22 PM EDT

LONDON (AP) — Amal Clooney has become the highest profile lawyer to quit an official job over her opposition to the British government's suggestion that it could break international law in the event it fails to agree a trade deal with the European Union. In a letter Friday to British Foreign Secretary...

This 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. Top row form left, Abdel Hamid Mamdouh, of Egypt, Amina Mohamed, of Kenya, Mohammad Maziad Al-Tuwaijri, of Saudi Arabia, and Yoo Myung-hee, of Korea. Bottom row from left,  Liam Fox, of United Kingdom, Tudor Ulianovschi, of Moldova, Ngozi Okonjo-Iweala,of Nigeria and Jesus Seade Kuri, of Mexico. (Martial Trezzini, Salvatore Di Nolfi/Keystone via AP)

Egyptian, Mexican, Moldovan exit in race for top post at WTO

Sep. 18, 2020 6:33 AM EDT

GENEVA (AP) — World Trade Organization member countries on Friday trimmed a list of candidates vying to become the next director-general from eight to five. They ejected applicants from Egypt, Mexico and Moldova who had been hoping to lead a trade body that has become a lightning rod of criticism for the...

FILE - In this file photo dated Wednesday, March 11, 2020, pedestrians wearing face masks walk past the Bank of England in London.  The Bank of England kept its main interest rate unchanged at the record low of 0.1% on Thursday Sept. 17, 2020, as it waits to see how the economy recovers from recession and what Britain’s future trade relationship with the European Union will be. (AP Photo/Matt Dunham, FILE)

Bank of England eyes sub-zero rates in face of virus, Brexit

Sep. 17, 2020 11:44 AM EDT

LONDON (AP) — The Bank of England indicated Thursday that it could cut interest rates below zero for the first time in its 326-year history as it tries to shore up a U.K. economic recovery that is facing the dual headwinds of the coronavirus and Brexit. After unanimously deciding to maintain the bank's...

British Foreign Secretary Dominic Raab speaks at a press conference with Secretary of State Mike Pompeo at the State Department, Wednesday, Sept. 16, 2020 in Washington. (Nicholas Kamm/Pool via AP)

UK defends planned Brexit deal breach as Biden slams move

Sep. 17, 2020 9:30 AM EDT

LONDON (AP) — The British government faced more opposition Thursday to its plans to breach the Brexit agreement with the European Union, with Democratic presidential candidate Joe Biden becoming the latest American politician to express alarm and the EU rejecting the U.K.'s stated rationale. An EU...

FILE - In this June 28, 2017, file photo, U.S. Ambassador to China Terry Branstad makes comments about pro-democracy activist and Nobel Laureate Liu Xiaobo during a photocall and remarks to journalists at the Ambassador's residence in Beijing. Outgoing Ambassador Branstad said Thursday, Sept. 17, 2020, he will help out Republicans campaigning in his native Iowa after returning home next month. (AP Photo/Ng Han Guan, File)

Outgoing US ambassador to China to help Republican campaigns

Sep. 17, 2020 8:21 AM EDT

BEIJING (AP) — Outgoing U.S. Ambassador to China Terry Branstad said he will help Republicans campaigning in his native Iowa after returning home next month. Branstad also told Hong Kong’s Phoenix TV that he considered the “phase one” trade deal between China and the U.S. as the...

FILE - In this June 14, 2000 file photo, members of the Israeli Diamond Exchange work in Ramat Gan, Israel. On Thursday, Sept. 17, 2020, the Israeli and Dubai diamond exchanges announced a deal to boost trade. The deal came just days after Israel and the United Arab Emirates signed a breakthrough agreement at the White House to normalize their relations. (AP Photo/Eyal Warshavsky, File)

Israeli and Dubai diamond exchanges sign trade agreement

Sep. 17, 2020 7:10 AM EDT

DUBAI, United Arab Emirates (AP) — The Israeli and Dubai diamond exchanges announced Thursday they had struck a deal to boost trade, just days after Israel signed breakthrough agreements with United Arab Emirates and Bahrain at the White House to normalize their relations. With the U.S.-brokered...

European Commission President Ursula von der Leyen addresses the plenary during her first State of the Union speech at the European Parliament in Brussels, Wednesday, Sept. 16, 2020. European Commission President Ursula von der Leyen will set out her vision of the future in her first State of the European Union address to the EU legislators. Weakened by the COVID-19 pandemic and the departure of the United Kingdom, she will center her speech on how the bloc should adapt to the challenges of the future, including global warming, the switch to a digital economy and immigration. (AP Photo/Francisco Seco)

EU chief says UK cannot change EU-UK withdrawal agreement

Sep. 16, 2020 1:53 PM EDT

BRUSSELS (AP) — The president of the European Union's executive arm said Wednesday that the United Kingdom cannot unilaterally change the bilateral Brexit agreement without destroying global trust in the country. Insisting that chances for a future trade deal were slipping away by the day, European...

FILE - In this June 28, 2018, file photo, rolls of finished steel are seen at the U.S. Steel Granite City Works facility in Granite City, Ill.  Companies seeking relief from President Donald Trump’s taxes on imported steel and aluminum ran into long delays and cumbersome paperwork, a federal watchdog found, Wednesday, Sept. 16, 2020. The U.S. Government Accountability Office reported that the Commerce Department, overwhelmed by companies lobbying to avoid the tariffs, could not meet its own deadline for processing around three-fourths of the requests. (AP Photo/Jeff Roberson, File)

US companies seeking tariff relief faced red tape, delays

Sep. 16, 2020 12:18 PM EDT

WASHINGTON (AP) — Companies seeking relief from President Donald Trump’s taxes on imported steel and aluminum ran into long delays and cumbersome paperwork, a federal watchdog found. The U.S. Government Accountability Office reported that the Commerce Department, overwhelmed by companies lobbying to...