Latest Trade barriers News
Trump says Modi expects massive crowds during India visit
WASHINGTON (AP) — President Donald Trump says that India Prime Minister Narendra Modi is expecting to turn out massive crowds for the president when he visits next week. Trump will be in the city of Ahmedabad in Gujarat to attend an event called “Namaste Trump,” which translates to...
US sanctions Russian oil trading firm for role in Venezuela
WASHINGTON (AP) — The Trump administration announced sanctions Tuesday on a Russian state-controlled brokerage that has helped the Venezuelan government skirt an American oil embargo and enabled President Nicolas Maduro to keep his grip on power in the South American country. Administration officials said...
India hastily builds wall along slum ahead of Trump visit
AHMEDABAD, India (AP) — A half-kilometer (1,640-foot) brick wall has been hastily erected in India's Gujarat state ahead of a visit by U.S. President Donald Trump, with critics saying it was built to block the view of a slum area inhabited by more than 2,000 people. “Since they are spending so much...
China virus outbreak chilling recovery for Asian economies
BANGKOK (AP) — The virus outbreak in China has put South Korea's economy into an "emergency situation," its president says. Japan is on the brink of recession and big manufacturers are forecasting a whole world of woe. As many Chinese finally go back to work after their longest Lunar New Year holiday...
UN experts: North Korea enhances nukes and illicit trade
UNITED NATIONS (AP) — U.N. experts say North Korea has increased imports and exports of banned and restricted goods such as coal and petroleum products as it continues to enhance its illicit nuclear and ballistic missile programs in violation of sanctions. The experts identified new methods that the...
German economy stagnates in sign of Europe's difficulties
FRANKFURT, Germany (AP) — Growth ground to a halt at the end of the year in Germany, Europe’s largest economy, as manufacturing remained in a slump and exports fell, official figures showed Friday. The flat reading underlines the challenge facing the broader eurozone economy as it struggles against...
US gives Iraq sanctions waiver for vital Iranian gas imports
BAGHDAD (AP) — The United States has granted Iraq a 45-day sanctions waiver enabling the country to continue importing vital Iranian gas and electricity supplies. In a statement Wednesday, the U.S. State Department said the waiver “ensures that Iraq is able to meet its short-term energy needs while...
EU plans trade sanctions against Cambodia over rights record
BRUSSELS (AP) — The European Union has declared its intention to slap sanctions on Cambodia over what it considers to be the country's human rights and trade union violations. The EU's executive Commission said Wednesday that it has decided to withdraw key tariff preferences that amount to about one-fifth...
US whiskey exports decline as trade dispute with EU persists
FRANKFORT, Ky. (AP) — President Donald Trump’s trade war dampened the overseas market for American-made whiskey last year, diminishing exports even as the domestic market continues to thrive. Overall exports of bourbon, Tennessee whiskey and rye whiskey tumbled amid a trade war-induced decline in...
5 accused of trying to trade in sanctioned Iranian oil
DALLAS (AP) — Five men have been arrested and charged with trying to trade in Iranian oil in violation of U.S. trade sanctions. In a statement issued Tuesday, the U.S. Attorney's Office in Philadelphia, Zhenyu Wang, Robert Thwaites and Nicholas James Fuchs, all of Dallas; Daniel Ray Lane of McKinney,...
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