Latest Trade barriers News

US says China hacking increasing ahead of Trump-Xi meeting

Nov. 21, 2018 5:41 AM EST

BEIJING (AP) — A U.S. government report ahead of a meeting between Presidents Donald Trump and Xi Jinping accuses China of stepping up hacking aimed at stealing American technology as a tariff dispute escalated. Trade Representative Robert Lighthizer's report reflects U.S. skepticism and a possible source...

Turkey seeks extradition of exiled cleric from US

Nov. 20, 2018 7:22 PM EST

WASHINGTON (AP) — Turkey's top diplomat on Tuesday presented top Trump administration officials with a series of big requests, including extradition of scores of people linked to an exiled Turkish cleric and a permanent exemption from U.S. sanctions for importing Iranian oil. Foreign Minister Mevlut...

Bank fined $1.3B in penalties over Cuba dealings

Nov. 19, 2018 8:02 PM EST

NEW YORK (AP) — One of France's largest banks, Societe Generale, has agreed to pay $1.3 billion in penalties for violating U.S. trade sanctions on Cuba, authorities announced Monday. U.S. Attorney Geoffrey S. Berman in New York said it was the second largest penalty ever imposed on a financial institution...

Japan exports up in October, but not enough to erase deficit

Nov. 18, 2018 11:44 PM EST

TOKYO (AP) — Japan's trade deficit grew to its largest since July 2015 in October as a gain in exports was outpaced by a nearly 20 percent jump in imports. The Ministry of Finance said Monday that exports grew at an 8.2 percent annual pace. In September, exports had fallen 1.2 percent from the previous...

Iraq's president meets Saudi king after visiting rival Iran

Nov. 18, 2018 12:03 PM EST

RIYADH, Saudi Arabia (AP) — Saudi Arabia's King Salman received Iraq's president in Riyadh on Sunday, a day after the Iraqi official visited the kingdom's rival, Iran. Barham Salih's back-to-back visits to Iran and Saudi Arabia reflect the delicate balance Iraq seeks to maintain in a region where its two...

Pacific summit ends with no communique as China, US differ

Nov. 18, 2018 4:01 AM EST

PORT MORESBY, Papua New Guinea (AP) — An acrimonious meeting of world leaders in Papua New Guinea failed to agree Sunday on a final communique, highlighting widening divisions between global powers China and the U.S. The 21 nations at the Asia-Pacific Economic Cooperation summit in Port Moresby struggled...

Iraq's president visits Iran weeks after US renews sanctions

Nov. 17, 2018 10:57 AM EST

TEHRAN, Iran (AP) — Iraq's President Barham Salih began a visit to Iran on Saturday, where he pledged to improve relations less than two weeks after the United States restored oil sanctions that had been lifted under the 2015 nuclear deal. Iran, which has had major influence over Iraq since the 2003...

North Korea's stable exchange rates confound economists

Nov. 16, 2018 9:05 PM EST

PYONGYANG, North Korea (AP) — It's a question that nags at North Korea economy watchers: How has the country been able to maintain stable exchange rates — and avert hyper-inflation — despite intense sanctions, political tensions and a swelling trade imbalance? In a nutshell, North Korea buys...

Brexit, Italy, trade: Risks piling up for Europe's economy

Nov. 16, 2018 12:16 PM EST

FRANKFURT, Germany (AP) — Europe's five-year economic expansion is facing a mid-life crisis as it copes with potential debt troubles in Italy, a U.S.-China trade war and the risk of a disorderly British exit from the European Union. How those risks play out will decide whether the economic upswing that...

Hong Kong economy cools as trade tension mounts

Nov. 16, 2018 5:32 AM EST

HONG KONG (AP) — Hong Kong's economic growth sank to a two-year low in the latest quarter and the government warned it will face headwinds from U.S.-Chinese trade tension, weakening global demand and higher interest rates. The Chinese territory's economic output expanded by 2.9 percent over a year earlier...