Latest International trade News

President of European Central Bank Christine Lagarde smiles prior to a press conference following a meeting of the governing council in Frankfurt, Germany, Thursday, Jan. 23, 2020. (AP Photo/Michael Probst)

European Central Bank holds rates, launches policy review

Jan. 23, 2020 8:48 AM EST

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...

Sajid Javid, Britain's Chancellor of the Exchequer, pictured during the 50th annual meeting of the World Economic Forum, WEF, in Davos, Switzerland, Wednesday, Jan. 22, 2020.  (Gian Ehrenzeller/Keystone via AP)

The Latest: US to raise concern over Huawei in talks with UK

Jan. 23, 2020 8:16 AM EST

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...

Sajid Javid, Britain's Chancellor of the Exchequer, pictured during the 50th annual meeting of the World Economic Forum, WEF, in Davos, Switzerland, Wednesday, Jan. 22, 2020.  (Gian Ehrenzeller/Keystone via AP)

High hopes: US, EU and UK all aim for trade deals this year

Jan. 23, 2020 7:26 AM EST

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...

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...

French Finance Minister Bruno Le Maire, left, and European Trade Commissioner Phil Hogan attend a media conference after their meeting in Paris, Tuesday, Jan. 7, 2020. The talks are focused on U.S. tariffs on French wine and other goods. (AP Photo/Michel Euler)

US-French tax truce a respite in tense relations with EU

Jan. 22, 2020 1:06 PM EST

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...

President Donald Trump delivers the opening remarks at the World Economic Forum, Tuesday, Jan. 21, 2020, in Davos. (AP Photo/ Evan Vucci)

Trump in Davos: Talking up economy, brushing off impeachment

Jan. 21, 2020 5:38 PM EST

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....

President Donald Trump meets with Swiss President Simonetta Sommaruga at the World Economic Forum, Tuesday, Jan. 21, 2020, in Davos, Switzerland. (AP Photo/ Evan Vucci)

AP FACT CHECK: Trump's Davos remarks rife with distortion

Jan. 21, 2020 5:30 PM EST

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

Jan. 21, 2020 2:16 PM EST

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...

A police security guard patrols on the roof of a hotel ahead of the World Economic Forum in Davos, Switzerland, Monday, Jan. 20, 2020. The 50th annual meeting of the forum will take place in Davos from Jan. 21 until Jan. 24, 2020. (AP Photo/Markus Schreiber)

The Latest: Swiss questioned Russian suspects before Davos

Jan. 21, 2020 1:30 PM EST

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...