Latest Trade policy News

EU slaps duties on Cambodia exports over rights concerns

Aug. 12, 2020 10:20 AM EDT

BRUSSELS (AP) — The European Union on Wednesday began to reimpose customs duties on certain exports from Cambodia in response to what it said are concerns about the Southeast Asian country’s human rights record. The European Commission, which supervises trade deals and relations on behalf of the 27...

FILE - In this July 18, 2020 file photo, released by the official website of the office of the Iranian Presidency, President Hassan Rouhani adjusts his face mask in a meeting of the national headquarters of the fight against the COVID-19, in Tehran, Iran. Iranian hard-liners in parliament voted Wednesday, Aug. 12, 2020, against Rouhani’s nominee for trade minister. The vote marked the first serious confrontation between the newly elected house, dominated by conservatives and the bloc of supporters of the relatively moderate Rouhani. Writing in Farsi reads:

Iran's president, FM lash out at new US push on arms embargo

Aug. 12, 2020 7:47 AM EDT

TEHRAN, Iran (AP) — Iran's president and foreign minister lashed out on Wednesday at a revised proposal by the U.S. that would extend a U.N. arms embargo on Iran indefinitely, the latest in the Trump administration's maximum pressure policy against Iran. The U.S. on Tuesday circulated the revised draft at...

Hong Kong Chief Executive Carrie Lam listens to reporters' questions during a press conference in Hong Kong, Friday, Aug. 7, 2020. The semi-autonomous city of Hong Kong reports 95 new cases and three additional fatalities reported. The city of 7.5 million people has restricted indoor dining and require faces masks to be worn in all public places. (AP Photo/Vincent Yu)

US sanctions pro-China leader of Hong Kong, other officials

Aug. 8, 2020 12:03 AM EDT

WASHINGTON (AP) — The U.S. on Friday imposed sanctions on Hong Kong officials, including the pro-China leader of the government, accusing them of cooperating with Beijing’s effort to undermine autonomy and crack down on freedom in the former British colony. The sanctions are the latest in a string...

Canada says it will impose retaliatory tariffs on US imports

Aug. 7, 2020 4:11 PM EDT

TORONTO (AP) — Canada’s deputy prime minister said Friday that the country plans to impose $3.6 billion Canadian (US$2.69 billion) tariffs on U.S. imports in response to President Donald Trump saying the U.S. is reinstating a 10% import tax on Canadian aluminum. Deputy Prime Minister Chrystia...

Pappas cosponsors bill to stop tax on workers at home

Aug. 7, 2020 4:07 PM EDT

CONCORD, N.H. (AP) — A bill supported by U.S. Rep. of Chris Pappas would protect New Hampshire employees from being taxed while working from home during the coronavirus pandemic. The bill was created after Massachusetts enacted an emergency regulation last month. It requires residents in other states who...

FILE - In this file photo dated Thursday, Jan. 30, 2020, a woman holds up the British Union and the European Union flags together during an event in Brussels, Belgium. The number of Britons moving to live in European Union countries has soared since the Brexit vote in 2016, a U.K.-German study has revealed Tuesday Aug. 4, 2020. (AP Photo/Francisco Seco, FILE)

UK to spend millions to ease Brexit red tape for N Ireland

Aug. 7, 2020 1:03 PM EDT

The British government will spend up 355 million pounds ($465 million) to help businesses in Northern Ireland deal with the red tape caused by Brexit, officials said Friday. Brexit’s supporters, including British Prime Minister Boris Johnson, say leaving the European Union will be a boon for U.K....

A China COSCO Shipping container ship sails past the skyline of Qingdao in eastern China's Shandong Province, on July 28, 2020. China's exports rose 7.2% in July over a year earlier despite the coronavirus pandemic. Sales to the United States rose 12.5% despite lackluster U.S. economic activity and lingering tariff war with Washington. (Chinatopix via AP)

China's July exports rise despite coronavirus, US tariff war

Aug. 7, 2020 1:58 AM EDT

BEIJING (AP) — China's exports rose by an unexpectedly strong 7.2% in July as the world's second-largest economy recovered from the coronavirus pandemic. Sales to the United States jumped 12.5% despite a plunge in U.S. economic activity and a lingering tariff war with Washington, customs data showed...

President Donald Trump speaks during an event at the Whirlpool Corporation facility in Clyde, Ohio, Thursday, Aug. 6, 2020. Trump is in Ohio to promote the economic prosperity that much of the nation enjoyed before the coronavirus pandemic and try to make the case that he is best suited to rebuild a crippled economy. (AP Photo/Susan Walsh)

Playing electoral defense, Trump claims Biden opposes God

Aug. 6, 2020 10:08 PM EDT

CLEVELAND (AP) — President Donald Trump billed his trip to Ohio Thursday as a chance to promote economic recovery, but he quickly pivoted to a deeply personal attack on Joe Biden, even questioning without foundation the former vice president's faith in God. Even for a president known for his blunt...

President Donald Trump speaks during an event at the Whirlpool Corporation facility in Clyde, Ohio, Thursday, Aug. 6, 2020. (AP Photo/Susan Walsh)

Trump targets Canada, reimposing tariffs on aluminum

Aug. 6, 2020 8:07 PM EDT

WASHINGTON (AP) — President Donald Trump said Thursday that the United States is reinstating a 10% import tax on Canadian aluminum, raising tensions with an American ally just weeks after his trade pact with Canada and Mexico took effect. Canada quickly vowed to respond in kind. Trump originally imposed...

A currency trader wearing a face mask walks near the screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room in Seoul, South Korea, Thursday, Aug. 6, 2020. Stocks were mixed in Asia on Thursday despite strong gains overnight on Wall Street, where the rally just kept on rolling. (AP Photo/Lee Jin-man)

Asian shares mixed as US talks on stimulus still stalled

Aug. 5, 2020 11:17 PM EDT

Stocks were mixed in Asia on Thursday despite strong gains overnight on Wall Street, where the rally just kept on rolling. Investors are watching to see if lawmakers will come ahead with fresh stimulus for the U.S. economy. Tokyo's Nikkei 225 index shed 0.4% to 22,438.61 while the Shanghai Composite index gave...