Latest Visible trade News

FILE - In this Nov. 4, 2019  file photo cargo cranes are used to take containers off of a Yang Ming Marine Transport Corporation boat at the Port of Tacoma in Tacoma, Wash. The U.S. trade deficit tumbled in February 2020 to the lowest level since 2016 as exports fell and imports fell more. The politically sensitive gap in the trade of goods with China narrowed in February when the world's No. 2 economy was locked down to combat the coronavirus outbreak. (AP Photo/Ted S. Warren, File)

US trade gap falls to $39.9 in February, lowest since 2016

Apr. 2, 2020 9:05 AM EDT

WASHINGTON (AP) — The U.S. trade deficit tumbled in February to the lowest level since 2016 as exports fell and imports fell more. The politically sensitive gap in the trade of goods with China narrowed in February when the world's No. 2 economy was locked down to combat the coronavirus outbreak.. The...

Europe's trade system with Iran finally makes first deal

Mar. 31, 2020 5:10 AM EDT

BERLIN (AP) — European countries trying to keep Iran's nuclear deal with world powers alive said Tuesday that a system they set up to enable trade with Tehran has finally concluded its first transaction, facilitating the export of medical goods. Britain, France and Germany conceived the complex barter-type...

FILE - In this Feb. 13, 2014 file photo, Bangladeshi garment workers arrive for work early morning in Dhaka, Bangladesh. A survey of factory owners in Bangladesh has found that major fashion retailers that are closing shops and laying off workers in Europe and the U.S. also are canceling their sometimes already completed orders, as workers often go unpaid. A report released Friday, March 27, 2020, by Mark Anner, director of the Center of Global Rights, found the coronavirus crisis has resulted in millions of factory workers being sent home without the wages or severance they are owed.  About 4.1 million people work in apparel factories in Bangladesh, the world's No. 2 garment exporter after China. (AP Photo/A.M. Ahad, File)

Garment workers going unpaid as fashion labels cancel orders

Mar. 27, 2020 12:11 PM EDT

DHAKA, Bangladesh (AP) — A survey of factory owners in Bangladesh found that major fashion retailers that are closing shops and laying off workers in Europe and the U.S. are also canceling their sometimes already completed orders, as workers often go unpaid. A report released Friday by Mark Anner,...

Shoppers wearing face masks with a cart full of food supplies wait in line to pay at a supermarket counter in Singapore, Tuesday, Mar. 17, 2020. Singaporeans were seen buying food supplies in supermarkets following neighboring Malaysia's announcement of a nationwide lockdown from the coronavirus to begin Wednesday which could affect the flow of food supplies to the city state. (AP Photo/Ee Ming Toh)

The Latest: Singapore penalizing social distancing violators

Mar. 26, 2020 11:35 PM EDT

The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people, but for some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR: — U.S. leads the world in confirmed coronavirus cases...

FILE — In this Saturday, March 7, 2020 file photo, a cleric, right, assists a medic treating a patient infected with the new coronavirus, at a hospital in Qom, about 80 miles (125 kilometers) south of the capital Tehran, Iran. Nine out of 10 cases of the virus in the Middle East come from the Islamic Republic. Fears remain that Iran may be underreporting its cases. Days of denials gave the virus time to spread as the country marked the 41st anniversary of its 1979 Islamic Revolution with mass demonstrations. For most people, the new coronavirus causes only mild or moderate symptoms. For some it can cause more severe illness. (Mohammad Ali Marizad/Rasa News Agency via AP, File)

The Latest: Sri Lankan government imposes 2 1/2 day curfew

Mar. 20, 2020 1:07 AM EDT

The Latest on the coronavirus pandemic, which has infected more than 244,000 people and killed more than 10,000. The COVID-19 illness causes mild or moderate symptoms in most people, but severe symptoms are more likely in the elderly or those with existing health problems. Almost 86,000 people have recovered so...

U.N. Secretary-General Antonio Guterres speaks during an update on the situation regarding the COVID-19 (previously named novel coronavirus (2019-nCoV), at the World Health Organization (WHO) headquarters in Geneva, Switzerland, Monday, Feb. 24, 2020. (Salvatore Di Nolfi/Keystone via AP)

Iran accuses US of `economic terrorism,' urges sanctions end

Mar. 12, 2020 2:48 PM EDT

UNITED NATIONS (AP) — Iran’s foreign minister demanded Thursday that the United States immediately halt what he called a “campaign of economic terrorism” and lift sanctions, saying they have made it increasingly difficult for the country to export oil and virtually impossible to import...

Congress seeks to ban Uighur-made imports

Mar. 11, 2020 5:33 PM EDT

A bipartisan Congressional commission said Wednesday that China is forcing Uighurs and other minorities to work against their will in detention centers and factories in Xinjiang in the far West, and called for a halt of U.S. imports from the entire region. The newly introduced Uyghur Forced Labor Prevention Act...

Citing virus, US halts inspections of foreign drug plants

Mar. 10, 2020 9:29 PM EDT

WASHINGTON (AP) — The Food and Drug Administration on Tuesday halted nearly all inspections of overseas plants that ship drugs, medical devices and other consumer goods to the U.S., citing the global spread of the coronavirus. The agency announced it will postpone most foreign inspections scheduled through...

In this March 5, 2020 photo released by Xinhua News Agency, a mobile crane prepares to move containers at a logistic station of Shenyang East Railway Station in Shenyang, northeast China's Liaoning Province. China's exports fell by double digits in January and February as anti-virus controls closed factories, while imports sank by a smaller margin. (Pan Yulong/Xinhua via AP)

China trade slumps as anti-virus controls close factories

Mar. 7, 2020 1:17 AM EST

BEIJING (AP) — China’s exports fell by double digits in January and February as anti-virus controls closed factories, while imports sank by a smaller margin. Exports tumbled 17.2% from a year earlier to $292.4 billion, a sharp reverse from December’s 7.8% rise, customs data showed Saturday....

France's President Emmanuel Macron speaks as he eats with ederly people during a visit to an EHPAD (Housing Establishment for Dependant Elderly People), amid fear of COVID-19, the novel coronavius, in Paris France, Friday, March 6, 2020. Health ministers from the European Union are holding an emergency meeting in Brussels to try to boost their collective response to the novel coronavirus. (Ludovic Marin, Pool via AP)

EU seeks united front to tackle medical shortages from virus

Mar. 6, 2020 2:48 PM EST

BRUSSELS (AP) — Fearing a possible shortage in masks and protective equipment to fight the new coronavirus, top European Union officials are urging members to put solidarity above national interests as the virus spreads quickly across the continent. Speaking Friday after an urgent meeting in Brussels of...