Latest Visible trade News

In this Wednesday, Feb. 12, 2020 photo, Palestinian shopkeeper Samer Abu Eisheh walks up stairs in his store, which carries children's clothes imported from China, in the West Bank city Hebron. The local market has long been flooded by low-cost Chinese goods. Traders fear that if the outbreak and quarantine efforts continue they will have to switch to more expensive alternatives, passing higher prices onto consumers who may not be able to bear them. (AP Photo/Majdi Mohammed)

China's closed: Palestinian traders fear losing a good deal

Feb. 18, 2020 1:38 AM EST

HEBRON, West Bank (AP) — The West Bank city of Hebron is separated from the epicenter of China's virus outbreak by more than 4,000 miles and a ring of Israeli checkpoints. But even here the economic symptoms of the outbreak are starting to appear. Palestinian markets have long been flooded by low-cost...

A customer steps out of a Pier 1 Imports store which was having a closeout sale, Monday, Feb. 17, 2020, in Larchmont, N.Y. Home goods retailer Pier 1 Imports Inc. filed for bankruptcy protection Monday after years of sliding sales. The Fort Worth, Texas-based company, which was founded in 1962, has recently struggled with increased competition from online retailers such as Wayfair. (AP Photo/Julie Jacobson)

Pier 1 files for bankruptcy protection amid online challenge

Feb. 17, 2020 7:17 PM EST

Pier 1 Imports Inc. — the once-trendy supplier of home goods like papasan chairs and throw pillows — filed for bankruptcy protection Monday after years of sliding sales. The Fort Worth, Texas-based company has been struggling with increased competition from budget-friendly online retailers like...

UN experts: North Korea enhances nukes and illicit trade

Feb. 14, 2020 8:24 PM EST

UNITED NATIONS (AP) — U.N. experts say North Korea has increased imports and exports of banned and restricted goods such as coal and petroleum products as it continues to enhance its illicit nuclear and ballistic missile programs in violation of sanctions. The experts identified new methods that the...

EU adopts Vietnam trade deals despite human rights concerns

Feb. 12, 2020 7:28 AM EST

BRUSSELS (AP) — European lawmakers have overwhelmingly approved free trade and investment deals between the EU and Vietnam that will eliminate almost all tariffs over the next ten years, despite concerns about the human rights situation in the country. After an influential parliamentary trade committee...

FILE - In this Friday, May 10, 2019 file photo, a container ship is unloaded at the Virginia International Gateway terminal in Norfolk, Va. U.S. factories expanded unexpectedly in January 2020, snapping a five-month losing streak. The Institute for Supply Management, an association of purchasing managers, said Monday, Feb. 3, 2020, that its manufacturing index rose to 50.9 in January, from 47.8 in December. Anything above 50 signals expansion. (AP Photo/Steve Helber, File)

US trade deficit drops 1.7% last year to $616.8 billion

Feb. 5, 2020 8:35 AM EST

WASHINGTON (AP) — The U.S. trade deficit fell for the first time in six years in 2019 as President Donald Trump hammered China with import taxes. The Commerce Department said Wednesday that the gap between what the United States sells and what it buys abroad fell 1.7% last year to $616.8 billion. U.S....

President Donald Trump pumps his fist after signing a new North American trade agreement with Canada and Mexico, during an event at the White House, Wednesday, Jan. 29, 2020, in Washington. (AP Photo/Alex Brandon)

Trump celebrates major rewrite of North American trade rules

Jan. 29, 2020 6:01 PM EST

WASHINGTON (AP) — President Donald Trump on Wednesday signed into law a major rewrite of the rules of trade with Canada and Mexico, celebrating the fulfillment of one of his top campaign promises while declining to share the moment with Democratic lawmakers whose support was essential to getting it over...

In this Jan. 24, 2018, photo, a worker watches loading and unloading of cargo containers at a port in Tokyo. Japan had the second straight year of red ink in trade for year 2019, hurt by a slowdown of demand in China, according to government data released Thursday, Jan. 23, 2020. (AP Photo/Shizuo Kambayashi)

Japan has second straight year of red ink on trade last year

Jan. 23, 2020 12:37 AM EST

TOKYO (AP) — Japan logged a deficit for a second straight year last year as its exports were hurt by a slowdown of demand in China amid a tariff war with the U.S. Government data released Thursday showed Japan's exports fell 5.6% in 2019, to 76.9 trillion yen ($701.6 billion), while imports fell 5.0% to...

U.S. President Donald Trump and Ivanka Trump, right, arrive at the World Economic Forum in Davos, Switzerland, Wednesday, Jan. 22, 2020. The 50th annual meeting of the forum is taking place in Davos from Jan. 21 until Jan. 24, 2020. (AP Photo/Markus Schreiber)

The Latest: WTO chief says debate over trade rules will last

Jan. 22, 2020 1:31 PM EST

DAVOS, Switzerland (AP) — The Latest on the World Economic Forum in Davos, Switzerland (all times local): 7:25 p.m. The head of the World Trade Organization says an ongoing debate over special exemptions granted to China and India because they are still considered developing countries “is not going...

A woman walks a depiction of a Rat with the words

China-US trade deal a blip in seismic shifts of Asian trade

Jan. 16, 2020 6:55 AM EST

BANGKOK (AP) — The trade agreement signed by President Donald Trump and Beijing's lead trade envoy comes amid seismic shifts in supply chains and investment hastened by the tariff war that began in 2018. For Thailand, that's meant some fallout from reduced demand for certain products but increased exports...

President Donald Trump holds the signed a trade agreement with Chinese Vice Premier Liu He, in the East Room of the White House, Wednesday, Jan. 15, 2020, in Washington. (AP Photo/Evan Vucci)

Emphasis on US exports, trade secrets in China trade deal

Jan. 15, 2020 5:33 PM EST

WASHINGTON (AP) — The United States and China reached a trade deal Wednesday that eases tensions between the world’s two biggest economies, offers massive export opportunities for U.S. farms and factories, and promises to do more to protect American trade secrets. Still, the Phase 1 agreement...