Latest International trade News
Biden vows to shield US steel industry by blocking Japanese merger and seeking new Chinese tariffs
PITTSBURGH (AP) — President Joe Biden suggested to cheering, unionized steelworkers on Wednesday that his administration would thwart the acquisition of U.S. Steel by a Japanese company, and he called for a tripling of tariffs on Chinese steel, seeking to use trade policy to win over...
China's exports tumble 7.5% in March and imports also fall as demand slows
HONG KONG (AP) — China’s exports contracted in March after growing in the first two months of the year, underscoring the uneven nature of the country's recovery from the pandemic. Customs data released Friday show exports declined 7.5% in March from a year earlier, while imports...
China wins WTO dispute with Australia over steel products
SYDNEY (AP) — China has won a nearly three-year-long dispute with Australia at the World Trade Organization over tariffs on steel products that began during a low point of bilateral relations between the countries, and Australia's trade minister said Wednesday his government accepted the ruling....
The EU will impose tariffs on Russian grain, fearing Moscow will use exports as a weapon of war
BRUSSELS (AP) — The European Commission wants to prevent Russia from using farm products as a tool to wreak havoc on the EU market and is moving to impose tariffs on grain imports from Russia and Belarus. The tariffs are also aimed at denying Russia revenue, because they will...
France's Senate rejects bill to ratify EU-Canada trade deal because of farmers' concerns
PARIS (AP) — France's Senate voted overwhelmingly Thursday to reject legislation to ratify a 2017 trade deal between the European Union and Canada that has been criticized by farmers as bringing unfair competition from abroad. The EU-Canada Comprehensive Economic and Trade...
EU Commission proposes to impose tariffs on imports of grain from Russia
BRUSSELS (AP) — The European Commission, the executive arm of the European Union, is proposing to member countries to impose tariffs on grain imports from Russia and Belarus, commission President Ursula von der Leyen said Thursday. Speaking at the end of the opening day of a summit...
China's foreign minister meets New Zealand counterpart, beginning trip that also includes Australia
WELLINGTON, New Zealand (AP) — Chinese Foreign Minister Wang Yi said Monday that his country is ready to work with New Zealand to deepen trade and economic ties and address climate change. Wang met his New Zealand counterpart, Winston Peters, at the start of a tour that will also...
India signs a trade accord with 4 European nations for $100 billion investment over 15 years
NEW DELHI (AP) — India signed a trade agreement with Iceland, Liechtenstein, Norway and Switzerland on Sunday that includes a commitment of $100 billion in investments and creating 1 million direct jobs in India in the next 15 years. India committed to reducing import tariffs on...
Tax-free status of movie, music and games traded online is on table as WTO nations meet in Abu Dhabi
GENEVA (AP) — Since late last century and the early days of the web, providers of digital media like Netflix and Spotify have had a free pass when it comes to international taxes on films, video games and music that are shipped across borders through the internet. But now, a global...
Mexico overtakes China as the leading source of goods imported by US
WASHINGTON (AP) — For the first time in more than two decades, Mexico last year surpassed China as the leading source of goods imported by the United States. The shift reflects the growing tensions between Washington and Beijing as well as U.S. efforts to import from countries that are friendlier...
