Latest International trade News

The Brexit story so far: How Britain got itself in a bind

Nov. 15, 2018 12:09 PM EST

LONDON (AP) — Britain's 2-day-old draft deal to leave the European Union is in danger of collapsing, increasing the likelihood of a disorderly, economically painful exit from the bloc next year. British politicians in favor of leaving the EU have criticized the agreement reached Tuesday after more than a...

US, China rivalry challenging entwined Asia-Pacific region

Nov. 15, 2018 6:32 AM EST

SINGAPORE (AP) — The rivalry between the U.S. and China in the Asia-Pacific is proving "awkward" for Southeast Asian nations that do not want to have to choose between their friends, Singapore's prime minister said Thursday as he wrapped up a regional summit. "It's easiest not to take sides when everybody...

The Latest: Singapore PM says China-US rivalry 'awkward'

Nov. 15, 2018 5:46 AM EST

SINGAPORE (AP) — The Latest on the summit of the Association of Southeast Asian Nations, which ends Thursday in Singapore (all times local): 6:40 p.m. Singaporean Prime Minister Lee Hsien Loong (LEE SEE'-yan LONG) has said the rivalry between the U.S. and China for influence in Southeast Asia is proving...

China says talks with US on trade battle have resumed

Nov. 15, 2018 5:25 AM EST

BEIJING (AP) — Washington and Beijing have resumed talks over their spiraling trade dispute ahead of a meeting between Presidents Xi Jinping and Donald Trump, China's Commerce Ministry said Thursday. The two sides are "maintaining close contact" following a Nov. 1 phone call between Xi and Trump, said...

EU trade chief says hit list of US products being developed

Nov. 14, 2018 5:47 PM EST

WASHINGTON (AP) — The European Union is preparing a target list of American products it will hit with punitive tariffs if the Trump administration goes through with its threat to impose tariffs on European auto imports, the bloc's trade chief said Wednesday. European Union Trade Commissioner Cecilia...

May wins Cabinet backing for Brexit deal but pitfalls remain

Nov. 14, 2018 5:33 PM EST

LONDON (AP) — In a hard-won victory, British Prime Minister Theresa May persuaded her fractious Cabinet to back a draft divorce agreement with the European Union on Thursday, a decision that triggers the final steps on the long and rocky road to Brexit. But she faces a backlash from her many political...

UN lifts sanctions on Eritrea, keeps arms embargo on Somalia

Nov. 14, 2018 3:47 PM EST

UNITED NATIONS (AP) — The U.N. Security Council voted unanimously Wednesday to lift sanctions against Eritrea following its thaw in relations with Ethiopia and other neighboring countries — but it kept an arms embargo on Somalia and a ban on trade in charcoal, a key source of funds for al-Shabab...

Swiss seek more clarity on gold trade amid rights concerns

Nov. 14, 2018 8:16 AM EST

GENEVA (AP) — Switzerland's executive body is calling for greater transparency and information about imports of gold into the rich Alpine nation, warning that the industry has been linked to human rights violations and other wrongs like environmental damage. The Federal Council issued a report Wednesday on...

Southeast Asian-centered trade deal set for further delays

Nov. 14, 2018 7:23 AM EST

SINGAPORE (AP) — Leaders of Southeast Asian nations have again pushed back an agreement on a pan-Asian free trade deal amid a whirlwind of diplomacy Wednesday at their annual summit. In convening talks among the leaders of countries participating in the plan, Singapore Prime Minister Lee Hsien Loong said a...

Danish shipper: US-China trade war hits container trade

Nov. 14, 2018 6:45 AM EST

HELSINKI (AP) — Danish shipping group A.P. Moller-Maersk is warning that trade tensions between the United States and China could weigh on business. The company said a brewing trade war between the two had created uncertainty and could "reduce global container trade by 0.5 to 2.0 percent during 2019-2020"....