Latest Trade barriers News

UN experts: North Korea enhances nukes and illicit trade

Feb. 14, 2020 8:24 PM EST

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...

File---Picture taken October 4, 2017 shows containers on a cargo ship in Hamburg, Germany. (Axel Heimken/dpa via AP)

German economy stagnates in sign of Europe's difficulties

Feb. 14, 2020 6:41 AM EST

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...

FILE - In this Jan. 12, 2017 file photo, a worker operates valves in Nihran Bin Omar field north of Basra, Iraq. The U.S. has signaled to Iraq it's willingness to extend sanctions waivers enabling the country to continue importing vital Iranian gas and electricity imports, three Iraqi officials said this week. The decision comes amid strained U.S.-Iraqi ties following last month's Washington-directed airstrike that killed a high-profile Iranian general on Iraqi soil. (AP Photo/Nabil al-Jurani, File)

US gives Iraq sanctions waiver for vital Iranian gas imports

Feb. 12, 2020 8:55 PM EST

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...

In this Tuesday, Feb. 11, 2020, photo, garment factory workers walk out at the end of their work shift close to Phnom Penh, Cambodia. The European Union on Wednesday, Feb. 12, 2020, announced its intention to punish Cambodia with sanctions for what it sees as human rights and trade union violations, saying it wants to withdraw key tariff preferences that amount to about one-fifth of the billion euros ($1.1 billion) the Asian nation exports to the bloc each year. (AP Photo/Heng Sinith)

EU plans trade sanctions against Cambodia over rights record

Feb. 12, 2020 11:23 AM EST

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...

FILE - In this June 20, 2018 file photo, Catoctin Creek Distillery whiskey is on display in a tasting room in Purcellville, Va. A new spirits industry report says President Donald Trump's trade war dampened the overseas market for American-made whiskey last year. The Distilled Spirits Council says overall exports of bourbon, Tennessee whiskey and rye whiskey tumbled amid a trade war-induced decline in exports to key European markets. (AP Photo/Steve Helber, File)

US whiskey exports decline as trade dispute with EU persists

Feb. 12, 2020 10:04 AM EST

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

Feb. 11, 2020 9:57 PM EST

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,...

European Commission President Ursula von der Leyen, left, talks to to European Union chief Brexit negotiator Michel Barnier during a debate on a proposed mandate for negotiations for a new partnership with the United Kingdom of Great Britain and Northern Ireland, at the European Parliament in Strasbourg, eastern France, Tuesday, Feb.11, 2020. (AP Photo/Jean-Francois Badias)

EU chief rejects Johnson's idea of loose UK trade deal

Feb. 11, 2020 9:12 AM EST

BRUSSELS (AP) — The European Union will only offer Britain unique access to its vast single market if the U.K. agrees to stick to the bloc's standards, European Commission President Ursula von der Leyen said Tuesday, dismissing British Prime Minister Boris Johnson's idea of brokering a loose trade deal...

A weeding root machine is displayed at the wine fair in Paris, Monday, Feb. 10, 2020. Two thousand winemakers - including giant Moet-Hennessy - are wooing some 30,000 French and international visitors at the Vinexpo fair through Wednesday with a renewed focus on ecology and sustainability as well as tech innovation like robots. (AP Photo/Michel Euler)

Amid uncertainty, French wine industry puts itself on show

Feb. 11, 2020 8:28 AM EST

PARIS (AP) — France's big wine industry, shaken by U.S. President Trump’s painful tariff hikes and the threat of climate change, is hoping to re-energize global interest in its products with a big trade fair in Paris. Two thousand winemakers - including giant Moet-Hennessy - are wooing some 30,000...

FILE - In this Thursday, Jan. 12, 2017 file photo, workers walk in the Nihran Bin Omar field north near Basra, Iraq. The U.S. has signaled to Iraq it's willingness to extend sanctions waivers enabling the country to continue importing vital Iranian gas and electricity imports, three Iraqi officials said this week. The decision comes amid strained U.S.-Iraqi ties following last month's Washington-directed airstrike that killed a high-profile Iranian general on Iraqi soil. (AP Photo/Nabil al-Jurani, File)

Iraqi officials: US will grant vital Iran sanctions waiver

Feb. 10, 2020 2:36 AM EST

BAGHDAD (AP) — The United States has signaled to Iraq its willingness to extend sanctions waivers enabling the country to continue importing vital Iranian gas and electricity imports, three Iraqi officials said this week, a move that would be a key test of Baghdad-Washington ties. The decision comes amid...

A man looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo, Friday, Feb. 7, 2020. Asian stock markets have retreated following a surge driven by a Chinese tariff cut on U.S. imports. (AP Photo/Eugene Hoshiko)

World stock markets retreat ahead of US jobs report

Feb. 7, 2020 7:55 AM EST

Global stock markets retreated Friday ahead of the monthly U.S. jobs report and after France and Germany reported weak factory data. Investors also continued to monitor the impact on businesses of the virus outbreak in China. Germany's DAX lost 0.6% to 13,490 while the CAC 40 in Paris was down 0.4% at 6,016....