Latest International trade News

People wearing face masks to protect against the coronavirus walk through a shopping mall in Beijing, Friday, Aug. 14, 2020. China's factory output rose just under 5% last month from a year earlier while retail sales fell slightly, suggesting the country's recovery from the coronavirus pandemic remains muted. (AP Photo/Mark Schiefelbein)

China factory output flat, retail sales slip in July

Aug. 14, 2020 2:10 AM EDT

BEIJING (AP) — China's factory output rose just under 5% last month from a year earlier while retail sales fell slightly, suggesting the country's recovery from the coronavirus pandemic remains muted. The data reported on Friday show that despite a rebound in Chinese exports, domestic demand in the...

FILE -In this June 16, 2020 file photo, a sign for a Wall Street building is shown in New York.  Stocks are opening mostly lower on Wall Street Thursday, Aug. 13, a day after the S&P 500 closed just below its pre-pandemic record high. (AP Photo/Mark Lennihan, File)

Asian shares mixed on weak China data, worries over pandemic

Aug. 14, 2020 12:13 AM EDT

TOKYO (AP) — Asian shares were mixed on Friday as investors studied fresh data out of China showing that its recovery remains subdued. Shares rose in Japan and Australia, but fell in Hong Kong, South Korea and Shanghai. China said Friday that its factory output rose 4.8% from a year earlier in July, on a...

EU slaps duties on Cambodia exports over rights concerns

Aug. 12, 2020 10:20 AM EDT

BRUSSELS (AP) — The European Union on Wednesday began to reimpose customs duties on certain exports from Cambodia in response to what it said are concerns about the Southeast Asian country’s human rights record. The European Commission, which supervises trade deals and relations on behalf of the 27...

FILE - In this July 18, 2020 file photo, released by the official website of the office of the Iranian Presidency, President Hassan Rouhani adjusts his face mask in a meeting of the national headquarters of the fight against the COVID-19, in Tehran, Iran. Iranian hard-liners in parliament voted Wednesday, Aug. 12, 2020, against Rouhani’s nominee for trade minister. The vote marked the first serious confrontation between the newly elected house, dominated by conservatives and the bloc of supporters of the relatively moderate Rouhani. Writing in Farsi reads:

Iran's president, FM lash out at new US push on arms embargo

Aug. 12, 2020 7:47 AM EDT

TEHRAN, Iran (AP) — Iran's president and foreign minister lashed out on Wednesday at a revised proposal by the U.S. that would extend a U.N. arms embargo on Iran indefinitely, the latest in the Trump administration's maximum pressure policy against Iran. The U.S. on Tuesday circulated the revised draft at...

Workers prepare to serve burgers at the first Beijing outlet for Shake Shack in Beijing on Wednesday, Aug. 12, 2020. The U.S. headquartered burger chain is opening its first Beijing restaurant at a time when China and the U.S. are at loggerheads over a long list of issues. (AP Photo/Ng Han Guan)

Shake Shack shrugs off trade war, opens outlet in Beijing

Aug. 12, 2020 5:42 AM EDT

BEIJING (AP) — Antagonisms between China and the United States didn’t stop Beijing's burger lovers from standing in line for hours for a bite of Shake Shack's snacks. The New York burger brand opened its first restaurant in the Chinese capital on Wednesday in Beijing's TaiKoo Li, a shopping area...

FILE- In this Feb. 7, 2020 file photo,  Indian Defense Minister Rajnath Singh holds a model of a light machine gun during DefExpo20 in Lucknow, India. India will ban the imports of 101 items of military equipment in an effort to boost indigenous production and improve self-reliance in weapons manufacturing, Singh said Sunday. (AP Photo/Rajesh Kumar Singh, File)

India to ban imports of 101 items of military equipment

Aug. 9, 2020 4:26 AM EDT

NEW DELHI (AP) — India said Sunday that it will ban the imports of 101 items of military equipment in an effort to boost local production and improve self-reliance in weapons manufacturing. Defense Minister Rajnath Singh said the government is planning to progressively implement the embargo on select...

Hong Kong Chief Executive Carrie Lam listens to reporters' questions during a press conference in Hong Kong, Friday, Aug. 7, 2020. The semi-autonomous city of Hong Kong reports 95 new cases and three additional fatalities reported. The city of 7.5 million people has restricted indoor dining and require faces masks to be worn in all public places. (AP Photo/Vincent Yu)

US sanctions pro-China leader of Hong Kong, other officials

Aug. 8, 2020 12:03 AM EDT

WASHINGTON (AP) — The U.S. on Friday imposed sanctions on Hong Kong officials, including the pro-China leader of the government, accusing them of cooperating with Beijing’s effort to undermine autonomy and crack down on freedom in the former British colony. The sanctions are the latest in a string...

Desks are spaced out in a classroom at Aikahi Elementary School in Kailua, Hawaii on Tuesday, July 28, 2020. While Hawaii has one of the lowest rates of cases per capita in the country and many of its schools have open-air campuses, the challenges of returning kids full time to classrooms may still be insurmountable. (AP Photo/Jennifer Sinco Kelleher)

The Latest: Hawaii schools to open year with remote learning

Aug. 7, 2020 10:21 PM EDT

HONOLULU — Hawaii officials say the state’s public school students will begin the academic year with remote learning only, after a spike of coronavirus cases. Gov. David Ige said Friday that all public students will spend the first four weeks of the school year learning online from home. Officials...

Women wearing masks to prevent the spread of the coronavirus chat as they pass by the ByteDance headquarters in Beijing, China on Friday, Aug. 7, 2020. President Donald Trump on Thursday ordered a sweeping but unspecified ban on dealings with the Chinese owners of consumer apps TikTok and WeChat, although it remains unclear if he has the legal authority to actually ban the apps from the U.S. TikTok is owned by Chinese company ByteDance. (AP Photo/Ng Han Guan)

As Trump digs in, will it be US versus China in tech?

Aug. 7, 2020 6:49 PM EDT

NEW YORK (AP) — President Donald Trump’s bans on two popular Chinese social media apps — TikTok and WeChat — are the latest moves in an escalating U.S.-China rift, and point to a future where technology and innovation are increasingly walled behind political barriers. In China, the...

FILE - People pass the New York Stock Exchange, Thursday, July 30, 2020.  Wall Street is stalling on Friday, Aug. 7 as a whirlwind of worries about rising U.S-China tensions and whether Congress can deliver more aid for the economy threaten to halt its big run.(AP Photo/Mark Lennihan)

S&P 500 ekes out 6th straight gain following jobs report

Aug. 7, 2020 5:32 PM EDT

NEW YORK (AP) — Wall Street’s big rally let off the accelerator on Friday, despite a better-than-expected report on the U.S. job market, amid worries about worsening U.S.-China tensions and whether Washington can deliver more aid for the economy. The S&P 500 inched up 2.12 points, or 0.1%, to...