Latest International trade News
European Central Bank holds rates, launches policy review
FRANKFURT, Germany (AP) — The European Central Bank has decided to launch a top-to-bottom review of how it steers the economy for 342 million people in the 19 countries that use the euro currency. The bank’s 25-member governing council on Thursday gave the green light for the review proposed by new...
The Latest: US to raise concern over Huawei in talks with UK
DAVOS, Switzerland (AP) — The Latest on the World Economic Forum in Davos, Switzerland (all times local): 2:15 p.m. U.S. Treasury Secretary Steven Mnuchin will raise concerns over Britain's potential use of Huawei technology in next-generation ultrafast mobile networks when he visits London to meet his...
High hopes: US, EU and UK all aim for trade deals this year
DAVOS, Switzerland (AP) — The United States, the European Union and what will soon be post-Brexit Britain have all raised the prospect of concluding trade deals between themselves by the end of this year, setting up an intense few months of negotiations. High-level representatives said Thursday at the...
Japan has second straight year of red ink on trade last year
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...
The Latest: WTO chief says debate over trade rules will last
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...
US-French tax truce a respite in tense relations with EU
DAVOS, Switzerland (AP) — France will delay its tax on big tech firms like Google and Facebook in exchange for the United States's promise to hold off retaliatory tariffs — a potential sign of goodwill in the U.S. and European Union's increasingly tense relations over trade. After U.S. President...
Trump in Davos: Talking up economy, brushing off impeachment
DAVOS, Switzerland (AP) — President Donald Trump looked past the impeachment drama unfolding in Washington on Tuesday, turning his speech at an economic forum in the Swiss Alps into an unabashed sales pitch for the “blue-collar boom” in the U.S. economy that he says took place on his watch....
AP FACT CHECK: Trump's Davos remarks rife with distortion
WASHINGTON (AP) — On a rarefied world stage in the Swiss Alps, President Donald Trump cited accomplishments on clean air that aren't real, a level of economic progress he hasn't achieved and a blue-collar boom yet to be seen. His preening performance at the Davos economic conference was rife with...
Wyoming, Montana seek Supreme Court ruling on coal exports
CHEYENNE, Wyo. (AP) — Wyoming and Montana asked the U.S. Supreme Court on Tuesday to rule on Washington State's denial of a permit for a port facility that could boost U.S. coal exports. The coal-producing Rocky Mountain states argue the denial violates the Commerce Clause of the U.S. Constitution, which...
The Latest: Swiss questioned Russian suspects before Davos
DAVOS, Switzerland (AP) — The Latest on the World Economic Forum in Davos, Switzerland (all times local): 7:30 p.m. Swiss police say two Russians who were reportedly checked as suspected spies in the town of Davos months ago were released without any charges. Switzerland’s Tages Anzeiger newspaper...
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