Latest Free trade News

Commission: New NAFTA would deliver modest economic gains

Apr. 18, 2019 4:50 PM EDT

WASHINGTON (AP) — President Donald Trump's new North America trade agreement would give the U.S. economy only a modest boost, an independent federal agency has found. The International Trade Commission said Thursday that Trump's U.S.-Mexico-Canada agreement would lift the U.S. economy by 0.35%, or $68.2...

Leading finance officials acknowledge global slowdown

Apr. 12, 2019 3:58 PM EDT

WASHINGTON (AP) — Finance officials from the world's major powers acknowledged Friday that the global economy is in a slowdown, but they forecast that growth will pick up by the second half of this year, thanks to interest-rate policies from the Federal Reserve and other central banks. Officials of the...

Life as an EU satellite: Swiss, Turks hold lessons for UK

Apr. 5, 2019 9:47 AM EDT

GENEVA (AP) — Britons wondering what life could be like outside the European Union might consider how the Swiss, Turks or Norwegians have fared: They know well the benefits and headaches of being close to — but not part of — the gargantuan economic and political bloc. Switzerland, Norway and...

WTO chief sees difficult road for trade liberalization

Apr. 4, 2019 5:25 PM EDT

MEXICO CITY (AP) — The World Trade Organization sees a "challenging" and "difficult" road ahead for international trade liberalization due to the current political climate. WTO director-general Roberto Azevedo said Thursday he's confident Mexico and the United States can sort out their current trade...

China's premier meets New Zealand's leader amid 5G dispute

Apr. 1, 2019 5:41 AM EDT

BEIJING (AP) — Chinese Premier Li Keqiang urged New Zealand to provide a "fair, transparent, convenient" investment environment in a meeting Monday with the country's prime minister, Jacinda Ardern, that comes amid a dispute over use of Chinese telecoms equipment. Relations between the two countries have...

GOP lawmakers set goal of summer vote for trade deal

Mar. 26, 2019 7:12 PM EDT

WASHINGTON (AP) — President Donald Trump and House Republicans moved to build congressional support for the U.S.-Mexico-Canada trade accord on Tuesday with lawmakers selling the plan as offering big benefits for American workers. But prospects remain uncertain as Democrats are in no hurry to secure a...

Mexican ambassador highlights US ties in Phoenix stop

Mar. 19, 2019 7:57 PM EDT

PHOENIX (AP) — Mexico's new ambassador to the U.S. emphasized close ties between the two countries during a stop in Phoenix Tuesday as she and Gov. Doug Ducey urged American lawmakers to approve the proposed United States-Mexico-Canada trade agreement. "The U.S. of today cannot be explained without the...

Beyond veto: Trump seeks more workarounds to avoid Congress

Mar. 16, 2019 11:07 AM EDT

WASHINGTON (AP) — President Donald Trump's first veto was more than a milestone. It signals a new era of ever perilous relations between the executive and legislative branches of government. Trump's agenda was stymied even before his party lost unified control of Washington at the start of the year and he...

Toyota investing $750M at 5 US plants, creating 600 jobs

Mar. 14, 2019 4:13 PM EDT

BUFFALO, W.Va. (AP) — Toyota Motor Corp. on Thursday announced it is investing an additional $750 million at five U.S. plants that will bring nearly 600 new jobs, including the production of two hybrid vehicles for the first time at its Kentucky facility. It marks yet another expansion of the Japanese...

Trump raises possibility of walking away from China deal

Mar. 13, 2019 11:01 PM EDT

WASHINGTON (AP) — President Donald Trump on Wednesday dangled the prospect of walking away from a new trade deal with China if it's not to his liking, just as he cut short his summit with North Korea's Kim Jong Un when the two sides failed to reach an agreement. Trump spoke on the state of negotiations...