Latest Free trade News

China ramps up war of rhetoric in trade standoff with US

May. 24, 2019 10:16 AM EDT

BEIJING (AP) — Stepping up Beijing's propaganda offensive in the tariffs standoff with Washington, Chinese state media on Friday accused the U.S. of seeking to "colonize global business" with moves against Huawei and other Chinese technology companies. There was no word from either side on progress toward...

The Latest: Tariff agreement hailed by business groups

May. 18, 2019 6:23 AM EDT

WASHINGTON (AP) — The Latest on President Donald Trump and U.S. trade tariffs (all times local): 4:50 p.m. Mexico's National Chamber of the Iron and Steel Industry is congratulating the country's officials on the agreement reached with the United States on ending steel and aluminum tariffs. The chamber...

Trump lifts tariffs on Mexico, Canada, delays auto tariffs

May. 17, 2019 5:15 PM EDT

WASHINGTON (AP) — Bogged down in a sprawling trade dispute with U.S. rival China, President Donald Trump took steps Friday to ease tensions with America's allies — lifting import taxes on Canadian and Mexican steel and aluminum and delaying auto tariffs that would have hurt Japan and Europe. By...

Mnuchin optimistic on trade battles; Wall Street approves

May. 15, 2019 4:15 PM EDT

WASHINGTON (AP) — Treasury Secretary Steven Mnuchin said Wednesday that the U.S. is making progress on lifting tariffs imposed on steel and aluminum from Canada and Mexico, potentially overcoming a key hurdle toward approval of a trade agreement between the three countries. Addressing another contentious...

GOP scrambles to ease blow from Trump's trade war

May. 14, 2019 7:06 PM EDT

WASHINGTON (AP) — President Donald Trump's allies on Capitol Hill are scrambling to soften the blow from his trade war with China amid mounting anxiety from farm-state lawmakers that the protracted battle and escalating tariffs could irreparably damage their local economies. Vice President Mike Pence met...

2020 hopeful Biden says he's open to breaking up Facebook

May. 13, 2019 8:14 PM EDT

HAMPTON, N.H. (AP) — Joe Biden said Monday that he would be open to breaking up Facebook, a sign of the deep skepticism among many Democratic presidential contenders about the power of massive technology firms. In an interview with The Associated Press, the former vice president, who is now running for the...

Trump's tariffs on China: What are they? How do they work?

May. 11, 2019 4:01 PM EDT

WASHINGTON (AP) — President Donald Trump has heightened tensions with China by escalating his tariffs on $200 billion in Chinese goods from 10% to 25%. As a tool of national policy, tariffs had long been fading into history, a relic of the 19th and early 20th centuries that most experts came to see as...

Trump has long seen previous US trade agreements as losers

May. 11, 2019 12:50 PM EDT

WASHINGTON (AP) — President Donald Trump's combative approach to trade has been one of the main constants among his often-shifting political views. And he's showing no signs of backing off now, even as the stakes intensify with the threat of a full-blown trade war between the world's two biggest economies....

Risky politics? Trump wields his tariffs as a weapon at home

May. 10, 2019 5:44 PM EDT

NEW YORK (AP) — His trade war already raging worldwide, President Donald Trump on Friday brandished his aggressive actions as a political weapon at home, too, casting himself as a fighter for American workers and scorning his chief Democratic rivals as weak. Trump's actions have already caused economic...

AP Was There: 1869 railroad completion ushered in new era

May. 10, 2019 3:30 PM EDT

PROMONTORY, Utah (AP) — The May 10, 1869, completion of the Transcontinental Railroad was a pivotal moment in the United States, ushering in a period of progress and expansion nationwide. The presidents of the Union Pacific and Central Pacific railroads met in remote Promontory, Utah, to mark the occasion,...