Latest International trade News

UN proposal seeks arms embargo and democracy in Myanmar

Jun. 18, 2021 03:44 AM EDT

UNITED NATIONS (AP) — The U.N. General Assembly is expected to approve a resolution calling on Myanmar’s junta to restore the country’s democratic transition and for all countries “to prevent the flow of arms into Myanmar,” diplomats said. The draft resolution...

Scotch whisky makers welcome suspension of costly US tariffs

Jun. 17, 2021 16:33 PM EDT

LONDON (AP) — Scotch single malt whisky makers breathed a sigh of relief Thursday after the United States agreed to suspend tariffs on one of Scotland's main exports in the wake of the resolution of a long-standing transatlantic trade row over subsidies to aircraft companies Boeing and...

In trade row, UK asks EU to delay post Brexit 'sausage ban'

Jun. 17, 2021 15:28 PM EDT

LONDON (AP) — The European Union said Thursday that Britain has asked for a three-month delay in bringing in some post-Brexit trade checks that are causing tension between the two sides, and instability in Northern Ireland. The EU’s executive Commission said the U.K....

Turkey's central bank keeps interest rate unchanged at 19%

Jun. 17, 2021 08:00 AM EDT

ISTANBUL (AP) — Turkey’s central bank left its key benchmark interest rate unchanged at 19% on Thursday. The bank said in a statement that the interest rate would be determined at a level about inflation and a “tight” monetary policy would continue “to maintain...

The Latest: Pro-Navalny protest in Geneva on eve of summit

Jun. 15, 2021 16:17 PM EDT

The Latest on U.S. President Joe Biden's trip to Europe: GENEVA — A few dozen supporters of jailed Russian opposition leader Alexey Navalny have staged a colorful, cheeky rally in Geneva, in the hope of sending a message to Russian President Vladimir Putin ahead of his...

Airbus-Boeing deal eases US-EU tensions but conflicts remain

Jun. 15, 2021 15:32 PM EDT

BRUSSELS (AP) — The deal the United States and the European Union reached Tuesday to end their long-running rift over subsidies to Boeing and Airbus will suspend billions in punitive tariffs. It will ease trans-Atlantic tensions. And it will let the two sides focus on a common economic...

Australia, Britain reach free trade deal to cut many tariffs

Jun. 15, 2021 09:56 AM EDT

LONDON (AP) — Britain and Australia announced the broad outlines of a free trade deal Tuesday, eliminating tariffs on a wide range of goods as the U.K. seeks to expand links around the world following its exit from the European Union. The pact is expected to boost...

EU chief: EU-UK should put long-term relationship first

Jun. 15, 2021 05:54 AM EDT

BRUSSELS (AP) — The European Union's top official urged both sides to think about their long-term relationship and put an end to the bloc's spat with the U.K. over post-Brexit trade arrangements. Lengthy negotiations over Britain's divorce from the EU have already been...

Odds of settling US-EU trade rifts? Hope may outrun progress

Jun. 14, 2021 00:19 AM EDT

WASHINGTON (AP) — President Joe Biden has vowed to mend America’s trade relations with its European allies, which were stretched to the breaking point by President Donald Trump’s mercurial behavior, combative policies and aversion to multinational alliances. Yet...

Cigar company wants to bring Cuban tobacco back to Tampa

Jun. 13, 2021 03:09 AM EDT

TAMPA, Fla. (AP) — The J.C. Newman Cigar Company claims to have the nation’s last bale of Cuban tobacco. Purchased just prior to the U.S. government cutting off all business relations with the socialist nation in 1962, the Newman family now stores it in their Ybor...