Latest Trade policy News

English flags and a Union flag fly above a souvenir stand opposite Britain's Parliament in London, Friday, Oct. 16, 2020. Britain’s foreign minister says there are only narrow differences remaining in trade talks between the U.K. and the European Union. But Dominic Raab insists the bloc must show more “flexibility” if it wants to make a deal.  (AP Photo/Kirsty Wigglesworth)

UK, EU inch toward more Brexit talks but hurdles remain

Oct. 19, 2020 12:59 PM EDT

LONDON (AP) — Britain and the European Union edged toward resuming their troubled trade talks on Monday, after the bloc's chief negotiator said he was ready to “intensify” negotiations on the legal text of an agreement. Britain's chief Brexit minister hailed that as evidence of significant...

Cars are parked to be exported at Yokohama port, near Tokyo on Sept. 29, 2020. The drop in Japanese exports diminished last month, according to government data released Monday, Oct. 10, 2020, underlining how the blunt of the trade damage from the coronavirus pandemic may be gradually easing.  (AP Photo/Koji Sasahara)

Japan exports fall amid slow recovery from pandemic downturn

Oct. 19, 2020 3:12 AM EDT

TOKYO (AP) — Japan's exports fell at a slower pace in September in a sign that trade damage from the coronavirus pandemic is easing, according to Finance Ministry data released Monday. The report showed Japan’s exports in September declined 4.9%, better than the nearly 15% drop in August. The...

The Union flag flies above a souvenir stand in front of Big Ben in London, Friday, Oct. 16, 2020. Britain’s foreign minister says there are only narrow differences remaining in trade talks between the U.K. and the European Union. But Dominic Raab insists the bloc must show more “flexibility” if it wants to make a deal. (AP Photo/Kirsty Wigglesworth)

UK minister: Door 'still ajar' for post-Brexit talks with EU

Oct. 18, 2020 11:01 AM EDT

LONDON (AP) — A senior British official said Sunday the door is “still ajar” for post-Brexit talks to continue with the European Union if officials in the bloc change their position on key points. Michael Gove's comments came after Prime Minister Boris Johnson’s spokesman said Friday...

English flags and a Union flag fly above a souvenir stand opposite Britain's Parliament in London, Friday, Oct. 16, 2020. Britain’s foreign minister says there are only narrow differences remaining in trade talks between the U.K. and the European Union. But Dominic Raab insists the bloc must show more “flexibility” if it wants to make a deal.  (AP Photo/Kirsty Wigglesworth)

UK says EU trade talks 'over' but bloc sees room for a deal

Oct. 16, 2020 12:46 PM EDT

LONDON (AP) — British Prime Minister Boris Johnson said Friday that the U.K. must prepare for a no-deal break with the European Union unless there is a “fundamental” change of position from the bloc, as the two sides swapped blame for failing to strike a trade deal with just weeks until the...

EU slaps sanctions on 7 new Syria government ministers

Oct. 16, 2020 10:32 AM EDT

BRUSSELS (AP) — The European Union on Friday imposed sanctions on seven ministers recently appointed to the Syrian government, blaming them for playing a role in the continued crackdown on civilians in the war-ravaged country. Asset freezes and travel bans in Europe were imposed on the seven, who include...

European Commission's Head of Task Force for Relations with the United Kingdom Michel Barnier leaves after addressing a media conference at an EU summit in Brussels, Thursday, Oct. 15, 2020. European Union leaders met in person for the first day of a two-day summit, amid the worsening coronavirus pandemic, to discuss topics ranging from Brexit to climate and relations with Africa. (Yves Herman, Pool via AP)

Brexit trade talks: both EU and UK dig in heels

Oct. 15, 2020 7:01 PM EDT

BRUSSELS (AP) — With both sides digging in their heels as another Brexit deadline passed Thursday, the European Union and Britain demanded concessions from one another in talks on a basic trade deal that would soften the economic blow of the coronavirus pandemic for all. The EU leaders meeting in a summit...

British Brexit negotiator David Frost, center, and Britain's Ambassador to the European Union Tim Barrow, right, arrive for a meeting with European Commission's Head of Task Force for Relations with the United Kingdom Michel Barnier at EU headquarters in Brussels, Monday, Oct. 12, 2020. (AP Photo/Francisco Seco)

On eve of UK deadline, trade talks with EU still stalled

Oct. 14, 2020 3:52 PM EDT

BRUSSELS (AP) — On the eve of a European Union summit that British Prime Minister Boris Johnson had set as a deadline to seal a post-Brexit trade agreement, talks remained in a deep rut Wednesday over fundamental differences on the issues of state aid and fisheries. EU nations are already looking to the...

Tower Bridge and the skyscrapers of the Canary Wharf financial district, left, are seen at sunrise in London, Monday, Oct. 12, 2020.(AP Photo/Matt Dunham)

UK urged to conclude trade deal with EU to limit Brexit cost

Oct. 14, 2020 6:55 AM EDT

LONDON (AP) — A leading international economic watchdog urged the British government to conclude a free trade agreement with the European Union in the coming days and weeks to support the recovery from the coronavirus pandemic. In its latest survey of the the British economy, the Paris-based Organization...

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...

European Commission's Head of Task Force for Relations with the United Kingdom Michel Barnier, right, speaks with Minister of State for Europe at the German Federal Foreign Office Michael Roth, left, and European Commissioner for Inter-institutional Relations and Foresight Maros Sefcovic during a meeting of EU General Affairs ministers at the European Council building in Luxembourg, Tuesday, Oct. 13, 2020. European Commission's Head of Task Force for Relations with the United Kingdom Michel Barnier will brief ministers on the state of play in EU-UK Brexit negotiations ahead of a key EU summit on Thursday. (AP Photo/Virginia Mayo, Pool)

Germany, France call for UK concessions in EU-UK trade talks

Oct. 13, 2020 12:48 PM EDT

BRUSSELS (AP) — Germany and France on Tuesday pressured the United Kingdom to make concessions in three key areas of Brexit trade negotiations — fishing rights, corporate governance and fair competition — or face a Jan. 1 no-deal rupture that would further harm a U.K. economy already battered...