Latest Free trade News

Despite labor costs, GM averts financial woes of its past

Oct. 18, 2019 2:16 PM EDT

DETROIT (AP) — A decade ago, high labor costs helped drag a bloated and debt-ridden General Motors into a government-funded bankruptcy. Now, a contract deal reached this week with the United Auto Workers union will raise the company's costs once again, at a time when the auto industry is facing the...

GM workers to stay on picket line until vote on new contract

Oct. 17, 2019 8:59 PM EDT

DETROIT (AP) — Striking General Motors workers will stay on the picket lines for at least another week until they vote on a tentative contract with the company. Factory-level officials from the United Auto Workers union voted to recommend the agreement to members at a daylong meeting in Detroit Thursday....

What's in the proposed UK-EU Brexit deal?

Oct. 17, 2019 11:32 AM EDT

BRUSSELS (AP) — Britain and the European Union have a Brexit deal — and if it is ratified, people and businesses will finally have a measure of certainty about what lies ahead. That's a big if. This is not the first time the two sides have proclaimed an agreement — only for it to be shot down...

Workers celebrate deal with GM, show union power in industry

Oct. 16, 2019 11:18 PM EDT

DETROIT (AP) — On the picket lines at a General Motors transmission plant in Toledo, Ohio, passing cars honked and striking workers celebrated a tentative contract deal by munching on 10 pizzas dropped off by a supporter. They had carried signs for 31 days and demonstrated the muscle the United Auto...

Australia wants trade deals with Hong Kong, Indonesia, Peru

Oct. 16, 2019 12:54 AM EDT

CANBERRA, Australia (AP) — Australia wants bilateral free trade deals with Hong Kong, Indonesia and Peru to take effect early next year, the trade minister said Wednesday, adding that the Hong Kong treaty supports its unique status within China. Trade Minister Simon Birmingham introduced legislation into...

Impeachment dominates, but much other work awaits Congress

Oct. 13, 2019 10:48 AM EDT

WASHINGTON (AP) — Impeachment may have leapfrogged to the top of the national agenda, but members of Congress still have their day jobs as legislators, and they're returning to Washington this coming week with mixed hopes of success. It's a volatile, difficult-to-predict time in Washington as lawmakers end...

Serbia, Albania, North Macedonia pledge to open borders

Oct. 10, 2019 7:19 AM EDT

BELGRADE, Serbia (AP) — The leaders of Serbia, North Macedonia and Albania have pledged to lift barriers to free trade and travel between the three Balkan countries as they all seek entry into the European Union. Serbia President Aleksandar Vucic, North Macedonia Prime Minister Zoran Zaev and Albania Prime...

Mexico's 'AMLO' lobbies US Democrats on ratifying trade deal

Oct. 8, 2019 8:55 PM EDT

MEXICO CITY (AP) — President Andrés Manuel López Obrador and other top officials met Tuesday in Mexico City with a U.S. congressional delegation to lobby for U.S. approval of a pending trade agreement between the two countries and Canada. López Obrador said he expressed the same sentiment in...

AP FACT CHECK: Trump mistruths on Ukraine, impeachment fight

Sep. 30, 2019 12:48 PM EDT

WASHINGTON (AP) — A whistle blew, an impeachment inquiry swung into motion and the president at the center of it all rose defiantly to his own defense, not always in command of the facts. A CIA officer, in a complaint filed under federal whistleblower protections that preserve anonymity, alleged President...

Could Washington's impeachment drama spark China trade deal?

Sep. 29, 2019 8:59 AM EDT

WASHINGTON (AP) — The Democratic impeachment inquiry may do at least one thing for President Donald Trump: It could give him more incentive to resolve his trade war with China. As the political heat rises in Washington, a deal with Beijing would allow Trump to claim a much-needed victory and divert some...