Latest Global trade News

From tusks to tails, nations eye trade in endangered species

Aug. 17, 2019 5:33 PM EDT

GENEVA (AP) — From guitars to traditional medicines and from tusk to tail, mankind's exploitation of the planet's fauna and flora is putting some of them at risk of extinction. Representatives of some 180 nations are meeting in Geneva to agree on protections for vulnerable species, taking up issues...

German economy shrinks, casting shadow over European growth

Aug. 14, 2019 10:30 AM EDT

FRANKFURT, Germany (AP) — Germany's economy shrank by 0.1 percent in the second quarter as global trade conflicts and troubles in the auto industry held back the largest member of the 19-country euro currency union. The weak performance darkened prospects for the entire eurozone, where the European Central...

German recession fears weigh on stocks after relief rally

Aug. 14, 2019 8:11 AM EDT

LONDON (AP) — Fears that Germany could slip into a recession weighed hard on European stock markets Wednesday, a day after a modest relief rally prompted by the U.S. decision to delay some tariffs on Chinese imports. The key downward driver in markets on Wednesday was news that Germany, Europe's biggest...

China's Xi gets tougher on Trump after new tariff threat

Aug. 13, 2019 11:09 AM EDT

BEIJING (AP) — Facing another U.S. tariff hike, Chinese President Xi Jinping is getting tougher with Washington instead of backing down. Beijing fired what economists called a "warning shot" at Washington by letting its yuan currency weaken in response to President Donald Trump's latest threat of more...

US-China trade war leaves Europe as collateral damage

Aug. 12, 2019 8:25 AM EDT

FRANKFURT, Germany (AP) — Like a sleek Mercedes crunched between two freight trucks, Europe's economy is being knocked off course by the conflict between the U.S. and China over trade. The bill for damages from the U.S-China collision will likely be reflected in new growth figures due Wednesday that could...

South Korea to remove Japan from preferred trade list

Aug. 12, 2019 6:44 AM EDT

SEOUL, South Korea (AP) — South Korea said Monday that it has decided to remove Japan from a list of nations receiving preferential treatment in trade in what was seen as a tit-for-tat move following Tokyo's recent decision to downgrade Seoul's trade status amid a diplomatic row. It wasn't immediately...

Trade war escalation comes at inopportune moment for economy

Aug. 7, 2019 3:43 PM EDT

WASHINGTON (AP) — The escalation of the U.S.-China trade fight comes at a particularly inopportune moment for the global economy, threatening to turn a period of slower growth into recession. In the past week, President Donald Trump has said he will impose new taxes on hundreds of billions of dollars of...

A heightened US-China financial war imperils global economy

Aug. 6, 2019 3:50 PM EDT

WASHINGTON (AP) — Just what the fragile global economy didn't need: An unpredictable escalation in President Donald Trump's trade war with China, one that spreads the conflict to currency markets, threatens to involve other countries and raises the risk of a global recession. At a time when growth in the...

The Latest: US says Japan-South Korea committed nuke efforts

Aug. 2, 2019 10:35 AM EDT

TOKYO (AP) — The Latest on Japan downgrading South Korea's trade status (all times local): 11:25 p.m. Senior U.S. officials say they don't expect an escalating dispute between Japan and South Korea to affect cooperation on efforts to get North Korea to get rid of its nuclear weapons. Four officials say...

US, China revive trade talks with low hopes for progress

Jul. 29, 2019 6:37 AM EDT

BEIJING (AP) — Two months after U.S.-Chinese talks aimed at ending a tariff war broke down, both sides are trying to temper hopes for a breakthrough when negotiations resume Tuesday on an array of disputes that has grown to include tension over China's tech giant Huawei. Rhetoric has hardened despite the...