Latest International trade News

FILE - In this Sept. 10, 2019, file photo a John Deere tractor is on display at the Husker Harvest Days farm show in Grand Island, Neb. Deere & Co. reports earns on Thursday, Feb. 20, 2020. (AP Photo/Nati Harnik, File)

Green shoots for Deere after a very strong first quarter

Feb. 21, 2020 8:21 AM EST

Deere is reporting a surprisingly strong first quarter after an extended period in which it was bruised by the ongoing trade war between the United States and China. “Farmer confidence, though still subdued, has improved due in part to hopes for a relaxation of trade tensions and higher agricultural...

In this Feb. 20, 2020, photo, a worker sits at a production line at a microelectronics factory in Nantong in eastern China's Jiangsu Province. China on Friday suspended more punitive tariffs on imports of U.S. industrial goods in response to a truce in its trade war with Washington that threatened global economic growth. (Chinatopix via AP)

China suspends more penalties on US goods after trade truce

Feb. 21, 2020 7:19 AM EST

BEIJING (AP) — China on Friday suspended more punitive tariffs on imports of U.S. industrial goods in response to a truce in its trade war with Washington that threatened global economic growth. Financial markets have welcomed announcements by both sides of reductions in penalties on each other's goods,...

FILE - In this Feb. 5, 2020, file photo specialist Dilip Patel, left, and trader John Panin work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Thursday, Feb. 20. (AP Photo/Richard Drew, File)

World markets slip on renewed fears over virus outbreak

Feb. 21, 2020 7:06 AM EST

BEIJING (AP) — Global stock markets slipped on Friday after a spike in new virus cases in South Korea and other countries refueled investor anxiety about China's disease outbreak. Benchmarks in Tokyo, Hong Kong and Sydney closed down and London, Frankfurt and other European indexes were trading lower. Wall...

FILE - In this Oct. 18, 2011, file photo, the Morgan Stanley logo is displayed on its Times Square building, in New York. Morgan Stanley is buying online brokerage E-Trade in an all-stock deal valued at about $13 billion. In the all-stock deal announced Thursday, Feb. 20, 2020, E*Trade shareholders will receive 1.0432 Morgan Stanley shares for each share they own.   (AP Photo/Mark Lennihan, File)

Morgan Stanley to buy E-Trade for $13 billion

Feb. 20, 2020 4:36 PM EST

NEW YORK (AP) — Morgan Stanley, the investment bank for millionaires, big business and megamergers, is buying E-Trade Financial, the online brokerage that encouraged waves of regular investors to get into the market with ads featuring its talking spokesbaby. The roughly $13 billion, all-stock deal would...

Israeli Prime Minister Benjamin Netanyahu stands at an overview of the West Bank Israeli settlement of Har Homa where he announced a new neighborhood is to be built, Thursday, Feb. 20, 2020. (Debbie Hill/Pool via AP)

Israel leader vows thousands of new homes in east Jerusalem

Feb. 20, 2020 12:45 PM EST

JERUSALEM (AP) — Israeli Prime Minister Benjamin Netanyahu announced Thursday he was pushing ahead with the construction of 5,000 new Jewish homes in key areas of east Jerusalem, where critics say additional building could cut Palestinian residents off from the rest of the West Bank. On a visit to the Har...

Feds: 4 charged in steroid import conspiracy

Feb. 20, 2020 8:47 AM EST

PROVIDENCE, R.I. (AP) — Four people have been arrested in connection with what federal authorities say was an extensive scheme to import large amounts of steroids primarily from Hong Kong for redistribution to customers across the U.S. David Esser, 46, of North Attleborough, Massachusetts, was the...

China's Foreign Minister Wang Yi speaks during a joint press conference of the Co-Chairs Special ASEAN-China Foreign Ministers' meeting on the Novel Coronavirus Pneumonia in Vientiane, Laos, Thursday, Feb. 20, 2020. (AP Photo/Sakchai Lalit)

ASEAN diplomats praise China's handling of virus outbreak

Feb. 20, 2020 7:45 AM EST

VIENTIANE, Laos (AP) — Southeast Asia’s top diplomats praised China's handling of the virus outbreak and pledged Thursday to help fight the disease that emerged in a central Chinese city and spread in the region and around the world. Chinese Foreign Minister Wang Yi highlighted the unprecedented...

Grounded Boeing 737 MAX airplanes fill a parking area adjacent to Boeing Field, Wednesday, Feb. 19, 2020, in Seattle. Washington state lawmakers say they will introduce bills, at The Boeing Co.'s request, to suspend the aerospace giant's preferential business and occupation tax rate until the United States and European Union resolve their long-running international trade dispute. (AP Photo/Elaine Thompson)

Boeing asks lawmakers to suspend preferential tax rate

Feb. 19, 2020 6:48 PM EST

OLYMPIA, Wash. (AP) — Washington state lawmakersintroduced bills Wednesday,at The Boeing Co.’s request, to suspend the aerospace giant's preferential business and occupation tax rate unless the United States and European Union reach an agreement on their long-running international trade dispute that...

FILE - In this Feb. 12, 2020, file photo Federal Reserve Chairman Jerome Powell testifies before the Senate Banking Committee on Capitol Hill in Washington. On Wednesday, Feb. 19, the Federal Reserve releases minutes from its January meeting. (AP Photo/Susan Walsh, File)

Fed seems inclined to keep rates low as virus poses risks

Feb. 19, 2020 3:47 PM EST

WASHINGTON (AP) — Federal Reserve officials were mostly optimistic about the U.S. and global economies last month, though they noted the risk posed by China’s viral outbreak and said they were ready to keep their benchmark interest rate at its current low level in the coming months. Fed policymakers...

China's Foreign Minister Wang Yi arrives for welcome dinner in Vientiane, Laos, Wednesday, Feb. 19, 2020. The foreign ministers of the Association of Southeast Asian Nations are meeting in Laos Thursday to discuss ways to curb the spread of the new virus infections. (AP Photo/Sakchai Lalit)

China’s top diplomat assures Southeast Asia on epidemic

Feb. 19, 2020 10:28 AM EST

VIENTIANE, Laos (AP) — China’s top diplomat assured his Southeast Asian counterparts on Wednesday that the situation in a central Chinese province where the outbreak of a new virus began has “been brought under effective control.” Foreign Minister Wang Yi also expressed confidence that...