Latest Global trade News

US wins WTO case against China over grain exports

Apr. 18, 2019 2:08 PM EDT

WASHINGTON (AP) — The World Trade Organization handed the United States a win Thursday in a trade dispute with China, ruling that Beijing did not fairly administer quotas on U.S. wheat, rice and corn. The WTO, the Geneva organization that oversees the rules of global trade, found that China had not been...

Trump cracks down on Cuba, Nicaragua and Venezuela

Apr. 17, 2019 8:49 PM EDT

CORAL GABLES, Fla. (AP) — The Trump administration on Wednesday intensified its crackdown on Cuba, Nicaragua and Venezuela, rolling back Obama administration policy and announcing new restrictions and sanctions against the three countries whose leaders national security adviser John Bolton dubbed the...

EU threatens to tax $20 billion of US goods over Boeing aid

Apr. 17, 2019 9:58 AM EDT

BRUSSELS (AP) — The European Union has drawn up a list of $20 billion worth of U.S. products it could tax in an escalating feud over plane industry subsidies, the EU's executive commission said Wednesday. The commission said the EU could tax the products , which range from aircraft parts to frozen fish,...

Kenyans march against global trade in endangered species

Apr. 13, 2019 10:11 AM EDT

NAIROBI, Kenya (AP) — Hundreds of Kenyans have marched in the streets of the capital to call for the ban of international wildlife markets that specialize in endangered species. The march comes ahead of a global meeting on international trade in endangered species next month in Sri Lanka. Kenya's cabinet...

WTO upholds South Korean ban on Fukushima seafood

Apr. 12, 2019 3:31 AM EDT

SEOUL, South Korea (AP) — The World Trade Organization has upheld South Korea's import ban on Japanese seafood from areas affected by the 2011 nuclear disaster in Fukushima, overturning a ruling by a lower panel last year that said Seoul was unfairly discriminating against Japanese products. The decision...

Europe hurt by US trade threats, central bank says

Apr. 10, 2019 10:51 AM EDT

FRANKFURT, Germany (AP) — The head of the European Central Bank warned that global friction over trade — such as U.S. threats to impose more tariffs — is holding back the economy as he underlined the bank's readiness to deploy more stimulus if needed. Mario Draghi said Wednesday that an...

From jets to cheese: Trump wants to impose new tariffs on EU

Apr. 9, 2019 1:16 PM EDT

LONDON (AP) — The United States wants to tax $11.2 billion worth of EU goods — from airplanes to Gouda cheese — in what some experts say marks another attempt by the Trump administration to use tariffs to reshape global trade in its favor. The World Trade Organization ruled last year that the...

China, EU agree to strengthen trade relationship

Apr. 9, 2019 12:49 PM EDT

BRUSSELS (AP) — China and the European Union agreed Tuesday to strengthen their trade relationship, pledging to work toward making it easier for foreign investors to get access to China, the world's second biggest economy. In a joint statement, the two sides said they committed to widening market access...

Trump says he'll put tariffs on $11B in EU goods

Apr. 9, 2019 9:09 AM EDT

WASHINGTON (AP) — President Donald Trump said Tuesday he'll put tariffs on $11 billion worth European Union cheese, wine and other goods to retaliate for what Washington says are improper subsidies to Airbus. The office of the U.S. trade representative late Monday released a preliminary list of EU goods...

Stock markets cautious with focus on Brexit, earnings

Apr. 9, 2019 7:45 AM EDT

BEIJING (AP) — Global stock markets mostly edged up Tuesday as investors watched for Brexit developments and corporate earnings. A mid-week meeting of the European Central Bank and the release of minutes from the latest U.S. Federal Reserve meeting will also be of interest, as will an updated growth...