Latest Trade agreements News

AP FACT CHECK: Dems flub details on climate, guns, Syria

Oct. 16, 2019 1:45 PM EDT

WASHINGTON (AP) — A dozen Democrats seeking the presidency tussled in a debate packed with policy, flubbing some details in the process. Several gave an iffy explanation of why they're not swinging behind a bold proposal to make people turn over their assault-style weapons. Sloppiness also crept in during...

Australia wants trade deals with Hong Kong, Indonesia, Peru

Oct. 16, 2019 12:54 AM EDT

CANBERRA, Australia (AP) — Australia wants bilateral free trade deals with Hong Kong, Indonesia and Peru to take effect early next year, the trade minister said Wednesday, adding that the Hong Kong treaty supports its unique status within China. Trade Minister Simon Birmingham introduced legislation into...

Trump's sanctions won't bite a vulnerable Turkish economy

Oct. 15, 2019 2:31 PM EDT

FRANKFURT, Germany (AP) — The sanctions the U.S. announced against Turkey this week over its offensive in Syria fall well short of doing serious damage to an economy still healing from a recession and currency collapse. President Donald Trump could take far tougher action that would deter foreign...

IMF downgrades outlook for world economy, citing trade wars

Oct. 15, 2019 11:49 AM EDT

WASHINGTON (AP) — The International Monetary Fund is further downgrading its outlook for the world economy, predicting that growth this year will be the weakest since the 2008 financial crisis, primarily because of widening global conflicts. The IMF's latest World Economic Outlook released Tuesday foresees...

Trump threatens to 'destroy' Turkey's economy with sanctions

Oct. 15, 2019 9:10 AM EDT

WASHINGTON (AP) — Targeting Turkey's economy, President Donald Trump announced sanctions aimed at restraining the Turks' assault against Kurdish fighters and civilians in Syria — an assault Turkey began after Trump announced he was moving U.S. troops out of the way. Some of those U.S. troops leaving...

World shares mostly higher ahead of earnings reports

Oct. 15, 2019 7:17 AM EDT

BANGKOK (AP) — Stock markets mostly rose on Tuesday as investors gauged the outlook for the U.S.-China trade dispute and looked to earnings reports from large banks. Germany's DAX advanced 0.4% to 12,537 and the CAC 40 in Paris gained 0.6% to 5,674. London's FTSE 100 was down 0.4% at 7,185. In New York,...

Asia shares mixed as optimism over China-US trade deal fades

Oct. 15, 2019 1:06 AM EDT

BANGKOK (AP) — Shares were mixed in Asia on Tuesday after a wobbly day of trading on Wall Street. Japan's Nikkei 225 index jumped 1.8% to 22,194.94 as Tokyo reopened from a public holiday and investors caught up on the news of a preliminary trade deal between China and the U.S. struck Friday in Washington....

'Nothing-burger': US-China truce leaves big issues for later

Oct. 14, 2019 3:56 PM EDT

WASHINGTON (AP) — President Donald Trump heralded a breakthrough in U.S.-China trade talks, and markets rallied in relief over a de-escalation in tensions between the world's two biggest economies. But closer inspection suggests there isn't much substance, at least not yet, to the temporary truce Trump...

China's trade with US shrinks again in September

Oct. 14, 2019 6:33 AM EDT

BEIJING (AP) — China's trade with the United States fell by double digits again in September amid a tariff war that threatens to tip the global economy into recession. Exports to the United States, China's biggest foreign market, fell 21.9% to $36.5 billion, a deterioration from August's 16% decline,...

Impeachment dominates, but much other work awaits Congress

Oct. 13, 2019 10:48 AM EDT

WASHINGTON (AP) — Impeachment may have leapfrogged to the top of the national agenda, but members of Congress still have their day jobs as legislators, and they're returning to Washington this coming week with mixed hopes of success. It's a volatile, difficult-to-predict time in Washington as lawmakers end...