Latest Trade barriers News

China's growth cools further as tariff war pressures mount

Jul. 15, 2019 3:20 PM EDT

BEIJING (AP) — China's economic growth sank to its lowest level in at least 26 years in the quarter ending in June, adding to pressure on Chinese leaders as they fight a tariff war with Washington. The world's second-largest economy grew 6.2% over a year ago, down from the previous quarter's 6.4%,...

The Latest: Israeli PM: EU-Iran deal same as bowing to Nazis

Jul. 15, 2019 2:18 PM EDT

BRUSSELS (AP) — The Latest on tensions in the Persian Gulf amid a crisis between the United States and Iran (all times local): 8:10 p.m. Israel's prime minister has responded to the European Union's efforts to salvage the Iran nuclear deal by comparing it to "European appeasement in the 1930s" of Nazi...

Trade wars cool market for small businesses

Jul. 15, 2019 1:20 PM EDT

NEW YORK (AP) — The market for small businesses cooled for the third straight quarter during the spring as tariffs from the trade war with China made some sellers and buyers uneasy about making a deal. That report comes from BizBuySell.com, an online marketplace for small companies that counted 2,444...

EU works to save unraveling nuclear agreement with Iran

Jul. 15, 2019 1:04 PM EDT

BRUSSELS (AP) — European Union nations threw their diplomatic weight behind the unraveling Iran nuclear deal on Monday, trying to rescue the pact from collapsing under U.S. pressure. The 28 EU foreign ministers insisted that recent Iranian actions surpassing uranium enrichment thresholds set by the 2015...

S. Korea, Japan fail to resolve growing trade dispute

Jul. 12, 2019 9:09 PM EDT

SEOUL, South Korea (AP) — South Korea and Japan on Friday failed to immediately resolve their dispute over Japanese export restrictions that could hurt South Korean technology companies, as Seoul called for an investigation by the United Nations or another international body. Tokyo last week tightened the...

Business Highlights

Jul. 12, 2019 5:01 PM EDT

___ Report: FTC approves roughly $5B fine for Facebook SAN FRANCISCO (AP) — A Wall Street Journal report says that the FTC has voted this week to approve a fine of about $5 billion for Facebook over privacy violations. The report Friday cites an unnamed person familiar with the matter. Facebook and the FTC...

China imports from US plunge 31% in June amid tariff war

Jul. 12, 2019 11:28 AM EDT

BEIJING (AP) — China's trade with the United States plunged last month as a tariff war battered exporters on both sides of the Pacific Ocean. And there's no letup in sight: Tensions between the world's two biggest economies continue to simmer even though President Donald Trump and his Chinese counterpart,...

Huawei calls on US to lift export restrictions

Jul. 12, 2019 8:01 AM EDT

SHENZHEN, China (AP) — The chairman of Huawei said Friday the Chinese tech giant has yet to see any benefit from President Donald Trump's promise to allow U.S. companies to sell some components to the company and called on Washington to remove it from a security blacklist. The "unjust and unfair" decision...

World shares mostly higher after Wall St sets new records

Jul. 12, 2019 6:58 AM EDT

BANGKOK (AP) — World shares were mostly higher on Friday after Wall Street ended overnight with the Dow Jones Industrial Average closing above 27,000 for the first time. Germany's DAX edged 5.68 points higher to 12,337.80 while the CAC 40 in France surged 0.6% to 5,585.27. Britain's FTSE climbed 0.3% to...

China's imports from U.S. plunge 31.4% in June from year earlier amid tariff war, exports to US fall 7.8%

Jul. 12, 2019 4:22 AM EDT
BEIJING (AP) — China's imports from U.S. plunge 31.4% in June from year earlier amid tariff war, exports to US fall 7.8%.