Latest Global trade News

Possible outcome of Trump-Xi meeting: A truce in trade war

Jun. 25, 2019 3:58 PM EDT

WASHINGTON (AP) — American businesses are bracing for a painful escalation in President Donald Trump's trade war with China. Yet they might just get a reprieve. If history repeats itself — and most analysts are betting it will — Trump and President Xi Jinping will agree to some kind of ...

AP FACT CHECK: Obama is a silent partner in Trump's boasts

Jun. 24, 2019 12:47 AM EDT

WASHINGTON (AP) — President Donald Trump has a silent partner behind several of the accomplishments he likes to boast about: Barack Obama. Despite assailing his Democratic predecessor for waging a "cruel and heartless war on American energy," for example, Trump can brag about U.S. energy supremacy thanks...

AP FACT CHECK: The silent partner in Trump's boasts

Jun. 22, 2019 8:03 AM EDT

WASHINGTON (AP) — President Donald Trump has a silent partner behind several of the accomplishments he likes to boast about: Barack Obama. Despite assailing his Democratic predecessor for waging a "cruel and heartless war on American energy," for example, Trump can brag about U.S. energy supremacy thanks...

UK central bank holds rates amid Brexit, trade uncertainty

Jun. 20, 2019 8:59 AM EDT

LONDON (AP) — The Bank of England kept its main interest rate on hold at 0.75% on Thursday and warned that a combination of Brexit worries and global trade tensions was weighing on growth. All nine members of the Monetary Policy Committee backed the decision to not change rates. There had been some...

Trump administration suspends trade complaint against China

Jun. 14, 2019 5:14 PM EDT

WASHINGTON (AP) — The Trump administration has suspended a complaint it had made against China to the World Trade Organization, a shift that might signal a slight opening in the administration's trade war with Beijing. The WTO says it's granted a request to suspend work until December on the...

Asian shares mixed over concerns about oil tankers, trade

Jun. 13, 2019 10:52 PM EDT

TOKYO (AP) — Asian shares were mixed Friday as investors weighed a variety of factors, including suspected attacks on two oil tankers in the strategic Strait of Hormuz and lingering worries about trade conflict between the U.S. and China. Japan's benchmark Nikkei 225 edged up 0.2% to 21,076.11 in morning...

G-20 finance officials pledge to protect global growth

Jun. 9, 2019 8:07 AM EDT

FUKUOKA, Japan (AP) — Finance ministers and central bank chiefs from the Group of 20 major economies wrapped up a meeting in Japan on Sunday with a pledge to use all the policies they can to protect global growth from disruptions due to trade and other tensions. The G-20 finance leaders said in a joint...

Putin says US unilateralism hurts global trade, sows chaos

Jun. 7, 2019 12:46 PM EDT

ST. PETERSBURG, Russia (AP) — Russian President Vladimir Putin has criticized the United States for using pressure and sanctions to maintain its economic supremacy, saying it spawns chaos in global affairs. Speaking Friday at an investment forum in St. Petersburg, Putin said the U.S. attempt to "spread its...

Australian PM: WTO needs mending to keep up with the times

Jun. 7, 2019 5:39 AM EDT

SINGAPORE (AP) — Australian Prime Minister Scott Morrison said Friday that the World Trade Organization needs mending to keep up with the times. Morrison said many leaders attending the Group of 20 summit in Osaka later this month share the view. "There is a strong consensus about the need to modernize the...

The Latest: Trump hails 'cherished alliance' at D-Day event

Jun. 6, 2019 11:59 PM EDT

LIMERICK, Ireland (AP) — The Latest on D-Day commemorations and President Donald Trump (all times local): 8:30 p.m. President Donald Trump has commemorated the 75th anniversary of D-Day by paying tribute to the "cherished alliance" forged in battle by the U.S. and partner nations. Trump told aging warriors...