Latest Economy News

Trump and Abe tee off amid US-Japan trade tensions

May. 26, 2019 1:35 AM EDT

MOBARA, Japan (AP) — Golf never seems to be far behind whenever President Donald Trump and Japanese Prime Minister Shinzo Abe get together. So on Sunday, during a four-day state visit to Japan, the president jumped aboard the Marine One helicopter in Tokyo and flew south to the Mobara Country Club for a...

The Latest: It's golf, sumo wrestling for Trump in Japan

May. 26, 2019 1:33 AM EDT

TOKYO (AP) — The Latest on President Donald Trump's trip to Japan (all times local): 2:12 p.m. For President Donald Trump, politics never stops — even when he's on foreign soil. Trump is tweeting after a golf game with Japanese Prime Minister Shinzo Abe that, "Numerous Japanese officials" told him...

Fernández-Fernández: Argentine pair launch presidential bid

May. 25, 2019 10:11 PM EDT

BUENOS AIRES, Argentina (AP) — With a message of unity, former Argentine President Cristina Fernández and running mate Alberto Fernández kicked off their election campaign Saturday, almost a week after the ex-leader stunned the country by saying she was running for vice president. Many thought...

The Latest: Trump, in Japan, needles US ally over trade

May. 25, 2019 4:38 PM EDT

TOKYO (AP) — The Latest on President Donald Trump's state visit to Japan. (all times local): 12:30 a.m. Sunday President Donald Trump has begun a state visit to Japan by needling the American ally over its trade imbalance with the United States. He jokingly tells business leaders at a reception in Tokyo:...

AP FACT CHECK: Trump and a tale of 2 sheets of paper

May. 25, 2019 1:27 PM EDT

WASHINGTON (AP) — President Donald Trump held up and read from a sheet of paper in the Rose Garden this past week as he argued he's been hounded by investigators in the Russia probe for no reason. "Nearly 500 search warrants," says the page, from an ABC News graphic. "More than 2,500 subpoenas." And: "19...

Trump opens state visit, needles Japan over trade issues

May. 25, 2019 11:40 AM EDT

TOKYO (AP) — President Donald Trump opened a state visit to Japan on Saturday by needling the American ally over its trade imbalance with the United States. "Maybe that's why you like me so much," he joshed. Trump also promoted the U.S. under his leadership, saying "there's never been a better time" to...

Fishermen face another quota cut, could hit lobster prices

May. 25, 2019 11:15 AM EDT

PORTLAND, Maine (AP) — Fishermen already dealing with a dramatic reduction in the amount of a key bait fish they are allowed to harvest will likely face an additional cut next year that could drive up the price of lobster for consumers. Regulators on the East Coast are contending with a drop in the...

2020 candidate Klobuchar releases plan to help US farmers

May. 25, 2019 9:40 AM EDT

Democratic presidential candidate Amy Klobuchar (KLOH'-buh-shar) has come out with a plan to help farmers that includes raising the debt limit on farm bankruptcies and increasing access to government loan programs. The Minnesota senator is promoting the proposals during a weekend visit to Iowa. Low commodity...

Lithuania presidential hopefuls: tone down Russia rhetoric

May. 25, 2019 8:15 AM EDT

VILNIUS, Lithuania (AP) — The two contestants in Lithuania's runoff election for a new president have one thing in common: They want to maintain the strict tone toward neighboring Russia, while easing sometimes harsh rhetoric. Gitanas Nauseda, a prominent economist, and Ingrida Simonyte, a former finance...

Japan trade a problem for Trump, but not as bad as China

May. 24, 2019 10:13 PM EDT

TOKYO (AP) — When President Donald Trump visits Japan, he'll be able to point to Tokyo's streets to drive home a sore point in trade relations between the allies: the absence of made-in-USA vehicles. The $70 billion Japanese trade surplus with the U.S. is dwarfed by China's $379 billion surplus, and the...