Latest Trade barriers News

FILE - This May 8, 2019, file photo shows a lobster atop others in Arundel, Maine.  Maine's congressional delegation announced Tuesday, Feb. 25, 2020, that China is making U.S. lobster eligible for a tariff reduction. Starting the following week, Chinese businesses could apply for a tariff exemption that would let them buy U.S. lobster at a lower price, officials said. ( AP Photo/Rodrique Ngowi, File)

US lobstermen may see relief from steep Chinese tariffs

Feb. 25, 2020 1:37 PM EST

PORTLAND, Maine (AP) — China is making U.S. lobster eligible for a tariff reduction, good news for lobster fishermen who lost a key export market during trade hostilities, Maine's congressional delegation announced Tuesday. The one-year exemption process may exclude $300 million worth of U.S. seafood from...

FILE - In this June 20, 2018 file photo, Catoctin Creek Distillery whiskey is on display in a tasting room in Purcellville, Va. American dairy farmers, distillers and drug makers have been eager to break into India, but it look like they'll have to wait. Indian is the world’s seventh-biggest economy but it's also a tough-to-penetrate colossus of 1.3 billion people. Trade talks between the Trump administration and New Delhi were intended to forge at least a modest deal in time for President Donald Trump’s visit to India that begins Monday. But the talks appear to have fizzled for now. It's important to remember that Trump and Indian Prime Minister Narendra Modi are fierce nationalists who favor protecting their own producers over opening their markets to foreign competition. (AP Photo/Steve Helber, File)

India, US struggling to bridge trade dispute as Trump visits

Feb. 22, 2020 12:30 PM EST

WASHINGTON (AP) — American dairy farmers, distillers and drugmakers have been eager to break into India, the world’s seventh-biggest economy but a tough-to-penetrate colossus of 1.3 billion people. Looks like they’ll have to wait. Talks between the Trump administration and New Delhi, intended...

Larry Krampe of Rome, Ky, left, talks with Bill Brey of Whitesville, Ky while the two stand next to a John Deere model 8345 R tractor on display inside the Owensboro Convention Center during the 46th annual Ag Expo, Wednesday, Jan. 29, 2020, in Owensboro, Ky. (Greg Eans/The Messenger-Inquirer via AP)

Deere sees some stability on farms in bruising trade fight

Feb. 21, 2020 6:01 PM EST

Deere & Co. had a surprisingly strong first quarter after an extended period in which the tractor and construction equipment maker 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...

Trump signals he's prepared to give farmers more federal aid

Feb. 21, 2020 5:53 PM EST

WASHINGTON (AP) — President Donald Trump signaled Friday that he’s prepared to tap federal coffers again to help farmers suffering from the tariff fights that he initiated. The Trump administration over the past two years has committed to providing farmers with $27 billion in assistance....

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)

Deere sees some stability on farms in bruising trade fight

Feb. 21, 2020 11:17 AM EST

Deere had 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,...

A man takes a selfie with portraits of U.S. President Donald Trump and Indian Prime Minister Narendra Modi painted on a wall ahead of Trump's visit, in Ahmadabad, India, Tuesday, Feb. 18, 2020. Trump is scheduled to visit the city during his Feb. 24-25 India trip. (AP Photo/Ajit Solanki)

Trump says Modi expects massive crowds during India visit

Feb. 18, 2020 4:56 PM EST

WASHINGTON (AP) — President Donald Trump says that India Prime Minister Narendra Modi is expecting to turn out massive crowds for the president when he visits next week. Trump will be in the city of Ahmedabad in Gujarat to attend an event called “Namaste Trump,” which translates to...

Venezuelan President Nicolas Maduro gives a press conference at Miraflores presidential palace in Caracas, Venezuela, Friday, Feb. 14, 2020. Maduro said Friday that authorities haven’t detained opposition leader Juan Guaido because the courts haven’t ordered it, but he warned: “It will come.” (AP Photo/Ariana Cubillos)

US sanctions Russian oil trading firm for role in Venezuela

Feb. 18, 2020 3:22 PM EST

WASHINGTON (AP) — The Trump administration announced sanctions Tuesday on a Russian state-controlled brokerage that has helped the Venezuelan government skirt an American oil embargo and enabled President Nicolas Maduro to keep his grip on power in the South American country. Administration officials said...

A man rides past a wall painted with portraits of U.S. President Donald Trump and Indian Prime Minister Narendra Modi ahead of Trump's visit, in Ahmadabad, India, Tuesday, Feb. 18, 2020. Trump is scheduled to visit the city during his Feb. 24-25 India trip. (AP Photo/Ajit Solanki)

India hastily builds wall along slum ahead of Trump visit

Feb. 18, 2020 10:31 AM EST

AHMEDABAD, India (AP) — A half-kilometer (1,640-foot) brick wall has been hastily erected in India's Gujarat state ahead of a visit by U.S. President Donald Trump, with critics saying it was built to block the view of a slum area inhabited by more than 2,000 people. “Since they are spending so much...

FILE - In this Feb. 17, 2020, file photo, commuters ride in a quiet subway train during the morning rush hour in Beijing. As many Chinese finally go back to work after their longest Lunar New Year holiday ever, the economic fallout from the outbreak of a new coronavirus that began in Wuhan may be just beginning. Companies are warning their bottom lines will take a hit, and governments are ramping up stimulus measures for economies that just weeks ago were hoping to see recoveries after months of uncertainty due to trade tensions and slowing global growth. (AP Photo/Andy Wong, File)

China virus outbreak chilling recovery for Asian economies

Feb. 18, 2020 6:47 AM EST

BANGKOK (AP) — The virus outbreak in China has put South Korea's economy into an "emergency situation," its president says. Japan is on the brink of recession and big manufacturers are forecasting a whole world of woe. As many Chinese finally go back to work after their longest Lunar New Year holiday...