Latest International trade News

The Latest: New Zealand set to talk free trade with Johnson

Jul. 23, 2019 9:34 PM EDT

LONDON (AP) — The Latest on Boris Johnson's victory in the race to become Britain's next prime minister (all times local): 2:25 a.m. New Zealand says it's ready to begin negotiating a free-trade agreement with Britain when Britain is ready. Boris Johnson is due to take office as British prime minister on...

Bevin in Colorado while Kentucky lawmakers meet in session

Jul. 23, 2019 3:45 PM EDT

FRANKFORT, Ky. (AP) — While Kentucky lawmakers worked Tuesday on a pension-relief bill he wants them to pass, Gov. Matt Bevin was in Colorado for a partisan event that he says let him talk trade issues with the vice president. A photo circulating on social media showed Bevin attending a speech by Vice...

Johnson's win elevates 'no-deal' Brexit risks to UK economy

Jul. 23, 2019 12:33 PM EDT

LONDON (AP) — With Boris Johnson confirmed as the next U.K. prime minister, the outlook for the British economy has become murkier — and potentially more perilous. Johnson's comprehensive victory over Jeremy Hunt in the battle to lead the governing Conservative Party has made it more likely that...

IMF sees a weaker global economy but upgrades US forecast

Jul. 23, 2019 10:56 AM EDT

WASHINGTON (AP) — The International Monetary Fund is downgrading its outlook for the world economy because of simmering international trade tensions. But at the same time, the fund is boosting its forecast for U.S. economy this year, citing expectations that the Federal Reserve will cut interest rates. The...

Global stocks rise on hopes for US-China trade talks

Jul. 23, 2019 7:44 AM EDT

BEIJING (AP) — Global stock markets rose Tuesday on optimism over the potential re-opening of U.S.-China trade talks and despite heightened Middle East tensions. U.S. Treasury Secretary Steven Mnuchin suggested last week that trade envoys might meet in person following two rounds of phone conversations,...

Asian stocks rise on hopes for US-China trade talks

Jul. 23, 2019 3:15 AM EDT

BEIJING (AP) — Asian stock markets rose Tuesday on optimism over possible new U.S.-China talks despite concerns about rising Middle East tensions. Benchmarks in Shanghai, Tokyo, Hong Kong and Sydney all climbed. Traders were encouraged by U.S. Treasury Secretary Steven Mnuchin's suggestion last week that...

Trump meets with chipmakers on Huawei, other economic issues

Jul. 22, 2019 8:18 PM EDT

WASHINGTON (AP) — President Donald Trump met with executives from several of the nation's leading chip and computer part makers Monday and discussed restrictions his administration has imposed on the sale of components to Chinese telecommunications giant Huawei, the White House said. Huawei is embroiled in...

Trump seeks Pakistan's help to end long Afghanistan war

Jul. 22, 2019 6:21 PM EDT

WASHINGTON (AP) — President Donald Trump claimed Monday he could end the nearly two-decade-old war in Afghanistan in a matter of days but that it would kill millions of people and wipe the country "off the face of the earth." The president made the statement at the White House as he praised Pakistan Prime...

US slaps Chinese firm for importing Iranian oil

Jul. 22, 2019 11:55 AM EDT

WASHINGTON (AP) — The Trump administration is penalizing a Chinese company and its top executive for violating U.S. restrictions on dealing with Iran. Secretary of State Mike Pompeo says the U.S. is imposing sanctions on Zhuhai Zhenrong (ZHOO-hi ZHEN-wrong) Limited and its chief executive for violating...

European Central Bank could act before Fed to add stimulus

Jul. 22, 2019 11:06 AM EDT

FRANKFURT, Germany (AP) — The European Central Bank could take action including a possible rate cut at its policy meeting on Thursday, as central banks around the globe rev up stimulus to support the world economy through a period of heightened uncertainty from trade wars and Brexit. The ECB, which sets...