Latest Trade barriers News

S&P 500 ekes out record high after listless day of trading

Nov. 14, 2019 4:55 PM EST

A day of listless trading on Wall Street ended Thursday with another record high for the S&P 500. The benchmark index notched its third consecutive gain after spending most of the day wavering between small gains and losses. The Dow Jones Industrial Average and Nasdaq composite also budged little, capping the...

China presses Washington for tariff cut in trade deal

Nov. 14, 2019 6:00 AM EST

BEIJING (AP) — China pressed Washington on Thursday to roll back punitive tariffs in a tentative trade deal. A tariff cut is an “important condition” for the agreement that is part of talks on ending a costly trade war, said Commerce Ministry spokesman Gao Feng. Beijing said last week...

Sour grapes: Trade war puts cork in US wine sales to China

Nov. 13, 2019 8:02 PM EST

LIVERMORE, Calif. (AP) — Caught in the crossfire of President Donald Trump’s trade war with China, U.S. vineyards are struggling to sell Syrah in Shanghai and Chardonnay in Shenzhen. They risk losing their foothold in one of the world’s fastest-growing wine markets. The 16-month dispute...

US budget deficit surges to $134.5 billion in October

Nov. 13, 2019 5:10 PM EST

WASHINGTON (AP) — The federal government, which ended the 2019 budget year with its largest deficit in seven years, began the new budget year with a deficit in October that was 33.8% bigger than a year ago as spending hit a record. The Treasury Department said Wednesday that the deficit last month totaled...

President Trump: Decision on auto tariffs coming ‘very soon’

Nov. 13, 2019 1:56 PM EST

WASHINGTON (AP) — President Donald Trump says he “will make a decision very soon’’ about whether to impose tariffs on imported cars and auto parts. It was unclear whether he would meet a Wednesday deadline to decide. In May, Trump declared that auto imports posed a threat to U.S....

Global stocks sink after Trump threatens more China tariffs

Nov. 13, 2019 7:48 AM EST

BEIJING (AP) — Global stocks sank Wednesday after U.S. President Donald Trump threatened more tariff hikes on Chinese imports if talks aimed at ending a trade war fail to produce an interim agreement. Market benchmarks in London, Frankfurt, Shanghai and Tokyo declined. Wall Street looked set to slip. Trump...

Asian stocks sink after Trump threatens more China tariffs

Nov. 12, 2019 10:53 PM EST

BEIJING (AP) — Asian stocks sank Wednesday after U.S. President Donald Trump threatened more tariff hikes on Chinese imports if talks aimed at ending a trade war fail to produce an interim agreement. Market benchmarks in Shanghai, Tokyo, Hong Kong and Southeast Asia all declined. Trump said Tuesday that...

World stocks rise as investors await US-China trade moves

Nov. 12, 2019 8:06 AM EST

BANGKOK (AP) — World stock markets rose Tuesday as investor awaited news on progress in negotiations on the trade dispute between China and the United States. An update could come later in the day, when U.S. President Donald Trump is scheduled to give a speech on trade and economic policy at the Economic...

Markets Right Now: Stocks fall on uncertainty over trade

Nov. 11, 2019 4:14 PM EST

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4:00 p.m. Stocks are closing slightly lower on Wall Street Monday as traders look for clarity on the status of trade talks between the U.S. and China. Comments from President Trump on Saturday created some uncertainty about...

China-US trade uncertainty weighs on global stocks

Nov. 11, 2019 7:58 AM EST

LONDON (AP) — Shares around the world fell Monday as hopes for a breakthrough in the trade war between the United States and China diminished after President Donald Trump said Washington had not agreed to gradually roll back tariffs as negotiations progress. Hopes were shaken when Trump on Friday dismissed...