Latest Trade policy News

UN adds explosive components ban to Somalia arms embargo

Nov. 15, 2019 6:30 PM EST

UNITED NATIONS (AP) — The U.N. Security Council on Friday extended an arms embargo on Somalia and a ban on trade in charcoal, a key source of funds for al-Shabab extremists — and it imposed a new ban on ingredients for explosive devices the group is increasingly using. The vote on the...

Stocks end week of milestones at new highs; Dow tops 28,000

Nov. 15, 2019 5:41 PM EST

Wall Street closed out the week with more milestones Friday as the Dow Jones Industrial Average crossed 28,000 for the first time and the S&P 500 and Nasdaq hit record highs. Health care and technology stocks powered most of the broad rally, which helped drive the S&P 500 to its sixth straight weekly...

Markets Right Now: Trade hopes send stocks to records

Nov. 15, 2019 4:12 PM EST

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are closing at all-time highs after U.S. officials said they’re making progress in the latest push for a trade agreement with China. Technology stocks were the biggest winners Friday. Applied Materials...

Global shares mostly rise on talk of China-US trade deal

Nov. 15, 2019 7:39 AM EST

BANGKOK (AP) — Shares mostly rose on Friday after U.S. governments officials said they were getting close to an agreement with China to cool tensions over trade. Germany’s DAX rose 0.2% to 13,208, and France’s CAC 40 gained 0.4% to 5,922. Futures for the Dow Jones Industrial Average and the...

EU acts against Colombia for slapping duties on fries

Nov. 15, 2019 7:10 AM EST

BRUSSELS (AP) — The European Union is launching a case against Colombia at the World Trade Organization for slapping extra duties on fries from the bloc. The European Commission said Friday that it has repeatedly implored Colombia to lift the duties, ranging from 3% to 8%. The commission says the tariffs...

EU rebuffs American pitch of quick deal for more lobsters

Nov. 15, 2019 6:13 AM EST

PORTLAND, Maine (AP) — The United States trade representative is hoping to broker a deal with the European Union to send more lobsters to Europe, but has received a chilly reception so far. The American lobster industry is in the midst of a challenging time in part because of tariffs with China and the EU....

Stock prices surge on bullish talk on China-US trade deal

Nov. 15, 2019 12:27 AM EST

BANGKOK (AP) — Shares advanced in Asia on Friday after White House officials said China and the U.S. were getting close to an agreement to cool tensions over trade. Markets have swung from euphoria to alarm as officials in Beijing and Washington offered conflicting opinions about the state of the...

Pelosi says agreement on revamped NAFTA ‘imminent’

Nov. 14, 2019 8:52 PM EST

WASHINGTON (AP) — House Speaker Nancy Pelosi says she wants to see Congress pass President Donald Trump’s revamped North American free trade deal this year. In a news conference Thursday, the California Democrat said an agreement on the pact is “imminent.” The United States, Mexico and...

Sizing up the 2019 holiday shopping season for retailers

Nov. 14, 2019 10:43 AM EST

NEW YORK (AP) — With two weeks until the official start of the holiday shopping season, the nation’s retailers are gearing up for what should be another brutally competitive shopping period. The good news? Many retail CEOs say the U.S. consumer is financially healthy given the economy remains strong...

China presses Washington for tariff cut in trade deal

Nov. 14, 2019 6:00 AM EST

BEIJING (AP) — China pressed Washington on Thursday to roll back punitive tariffs in a tentative trade deal. A tariff cut is an “important condition” for the agreement that is part of talks on ending a costly trade war, said Commerce Ministry spokesman Gao Feng. Beijing said last week...