Latest International trade News

UN approves Costa Rica's Grynspan to head UN trade body

Jun. 12, 2021 00:54 AM EDT

UNITED NATIONS (AP) — The U.N. General Assembly on Friday approved the nomination of Costa Rican economist Rebecca Grynspan to head the U.N. agency promoting trade and development, the first woman and Central American to lead the Geneva-based organization. She was...

Fight over Canadian oil rages on after pipeline's demise

Jun. 10, 2021 19:17 PM EDT

BILLINGS, Mont. (AP) — The Keystone XL is dead after a 12-year attempt to build the oil pipeline, yet the fight over Canadian crude rages on as emboldened environmentalists target other projects and pressure President Joe Biden to intervene — all while oil imports from the north keep...

Biden, Johnson strike warm tone in first meeting

Jun. 10, 2021 16:20 PM EDT

CARBIS BAY, England (AP) — Striking a warm tone, President Joe Biden and British Prime Minister Boris Johnson used their first meeting Thursday to highlight a commitment to strengthening their nations' historic ties while setting aside, at least publicly, their political and personal...

EU vows a firm response as Brexit tensions rise anew

Jun. 10, 2021 05:45 AM EDT

BRUSSELS (AP) — Top European Union officials vowed Thursday to use all measures available to ensure that the United Kingdom respects the terms of its Brexit agreement with the bloc as tensions rise over trade involving Northern Ireland. “It is paramount to implement...

The Latest: Pot-for-shots plan stumbles in Washington state

Jun. 09, 2021 21:02 PM EDT

SEATTLE — Washington state’s new “joints for jabs” vaccination incentive program is off to a rough start. Seeking to get more people to get the coronavirus shots, officials announced this week that the state’s nearly 500 licensed marijuana retailers could begin...

EU warns of retaliation as post-Brexit talks with U.K. stall

Jun. 09, 2021 13:36 PM EDT

LONDON (AP) — A top European Union official said Wednesday that Britain could face retaliatory tariffs or other sanctions after talks failed to resolve an increasingly heated dispute over implementation of their post-Brexit trade deal in Northern Ireland. Maros...

WTO to intensify talks on easing access to COVID-19 vaccines

Jun. 09, 2021 11:20 AM EDT

GENEVA (AP) — World Trade Organization member nations agreed Wednesday to intensify talks geared at improving access to COVID-19 products, as developing nations push for a proposal to ease patents and other intellectual property protections for coronavirus vaccines and some wealthier...

Australia says WTO should punish Chinese economic coercion

Jun. 09, 2021 06:11 AM EDT

CANBERRA, Australia (AP) — The World Trade Organization should penalize “bad behavior when it occurs,” Australia's prime minister said Wednesday ahead of a Group of Seven leaders’ meeting in Britain where he hopes to garner support in a trade dispute with China. ...

UK urges EU to show 'common sense' in post-Brexit talks

Jun. 08, 2021 17:30 PM EDT

LONDON (AP) — The U.K.’s chief negotiator called on the European Union to show “pragmatism and common sense,” instead of threatening to retaliate, as the two sides meet to resolve differences over the deal that was supposed to keep trade flowing after Brexit. ...

US trade deficit dips to $68.9 billion with exports up

Jun. 08, 2021 10:10 AM EDT

WASHINGTON (AP) — The U.S. trade deficit narrowed in April to $68.9 billion as an improving global economy boosted sales of American exports. The April deficit, the gap between what America buys from abroad and what it sells to other countries, was down 8.2% from a...