Latest Trade barriers News

EU slaps sanctions on 7 new Syria government ministers

Oct. 16, 2020 10:32 AM EDT

BRUSSELS (AP) — The European Union on Friday imposed sanctions on seven ministers recently appointed to the Syrian government, blaming them for playing a role in the continued crackdown on civilians in the war-ravaged country. Asset freezes and travel bans in Europe were imposed on the seven, who include...

Tower Bridge and the skyscrapers of the Canary Wharf financial district, left, are seen at sunrise in London, Monday, Oct. 12, 2020.(AP Photo/Matt Dunham)

UK urged to conclude trade deal with EU to limit Brexit cost

Oct. 14, 2020 6:55 AM EDT

LONDON (AP) — A leading international economic watchdog urged the British government to conclude a free trade agreement with the European Union in the coming days and weeks to support the recovery from the coronavirus pandemic. In its latest survey of the the British economy, the Paris-based Organization...

Valdis Dombrovskis, Vice-President of the EU Commission, speaks at a press conference in Berlin, Germany, following the informal talks of the EU Trade Ministers on Monday, Sept. 21, 2020.  (Bernd von Jutrczenka/Pool via AP)

WTO says EU can put tariffs on $4 billion of US goods

Oct. 13, 2020 1:42 PM EDT

GENEVA (AP) — International arbitrators said Tuesday that the European Union can impose tariffs and other penalties on up to $4 billion worth of U.S. goods and services over illegal American support for plane maker Boeing. The move further sours transatlantic ties at a time when the coronavirus has doused...

Customers wearing face masks to help curb the spread of the coronavirus look at a newly unveiled new model from the American bicycle brand at a retailed shop in Beijing on July 29, 2020. China's trade growth accelerated in September as the world's second-largest economy recovered form the coronavirus pandemic. (AP Photo/Andy Wong)

China's trade growth accelerates in Sept; exports up 9.9%

Oct. 13, 2020 3:34 AM EDT

BEIJING (AP) — China’s trade picked up in September as global demand for masks and medical supplies boosted exports and the economy's early reopening gave producers an edge over foreign competitors. Exports rose 9.9% over a year earlier to $239.8 billion, up from August’s 9.5%, the fourth...

Customers wearing face masks to help curb the spread of the coronavirus look at a newly unveiled new model from the American bicycle brand at a retailed shop in Beijing on July 29, 2020. China's trade growth accelerated in September as the world's second-largest economy recovered form the coronavirus pandemic. (AP Photo/Andy Wong)

China's trade growth accelerates in Sept; exports up 9.9%

Oct. 13, 2020 1:22 AM EDT

BEIJING (AP) — China’s trade growth accelerated in September as the world’s second-largest economy recovered from the coronavirus pandemic. Exports rose 9.9% over a year earlier to $239.8 billion, up from August’s 9.5% growth, customs data showed Tuesday. Imports gained 13.2% to...

Chinese Foreign Minister Wang Yi, left, talks with Cambodian Prime Minister Hun Sen as they sit to witness a signing ceremony for a free trade agreement at Peace Palace in Phnom Penh, Cambodia, Monday, Oct. 12, 2020. (AP Photo/Heng Sinith)

Chinese foreign minister begins SE Asian tour in Cambodia

Oct. 12, 2020 8:38 AM EDT

PHNOM PENH, Cambodia (AP) — China and Cambodia signed a free trade agreement on Monday as China's foreign minister visited Phnom Penh as part of a four-nation Southeast Asian tour. China’s foreign ministry announced that Foreign Minister Wang Yi will make official visits this week to Cambodia,...

German Foreign Minister Heiko Maas, right, and Michel Barnier, chief negotiator of the European Union for the brexite, hold a press conference after a meeting at the Federal Foreign Office in Berlin, Germany, Monday, Oct. 5, 2020. (Tobias Schwarz/Pool via AP)

Germany urges UK to make haste with Brexit trade talks

Oct. 5, 2020 7:03 AM EDT

BERLIN (AP) — Germany is calling on the United Kingdom to make a big final push to agree on a trade deal with the European Union in the wake of Brexit especially since fallout from the coronavirus pandemic is already hitting the economies on both sides of the English Channel very hard. German Foreign...

Britain's Prime Minister Boris Johnson visits the Conway Heathrow Asphalt & Recycling Plant construction site in west London, Saturday, Oct. 3, 2020. (AP Photo/Alberto Pezzali)

UK, EU leaders urge intensified talks on elusive trade deal

Oct. 3, 2020 1:07 PM EDT

LONDON (AP) — Britain's prime minister and the head of the European Union told their chief negotiators Saturday to get back together and push “intensively” to strike a post-Brexit trade deal before time runs out in a matter of weeks. Prime Minister Boris Johnson and European Commission...

Iran's currency sees a new record low amid biting sanctions

Oct. 1, 2020 9:03 AM EDT

TEHRAN, Iran (AP) — Iran’s currency dropped Thursday to its lowest value ever at 300,000 rial for each dollar amid severe U.S. sanctions against the country. The rial has tumbled from a rate of around 262,000 in mid-September, a 12% drop. Iran’s currency was at 32,000 rials to the dollar at...

FILE - In this Saturday, Feb. 1, 2020 file photo, lorries wait to board ferries on the morning after Brexit took place at the Port of Dover, in Dover, England. The British government says there could be lines of 7,000 trucks at the English Channel and two-day waits to get into France immediately after the U.K. makes its economic break from the European Union at the end of the year. Brexit preparation minister Michael Gove describes that as a reasonable worst-case scenario in a letter to logistics firms. (AP Photo/Matt Dunham, FILE)

UK says no-deal Brexit could see 7,000-truck border queues

Sep. 23, 2020 11:09 AM EDT

LONDON (AP) — There there could be lines of 7,000 trucks at the English Channel and two-day waits to get into France immediately after the U.K. makes its economic break from the European Union at the end of the year, the British government said Wednesday, as it urged businesses to prepare for major change....