Latest International trade News

Report: FTC considering oversight of Facebook's Zuckerberg

Apr. 19, 2019 3:50 PM EDT

WASHINGTON (AP) — Federal regulators are reportedly considering seeking some kind of oversight of Mark Zuckerberg's leadership of Facebook over the social network giant's mishandling of users' personal information. Discussions between Facebook and the U.S. Federal Trade Commission officials about its...

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...

US wins WTO case against China over grain exports

Apr. 18, 2019 2:08 PM EDT

WASHINGTON (AP) — The World Trade Organization handed the United States a win Thursday in a trade dispute with China, ruling that Beijing did not fairly administer quotas on U.S. wheat, rice and corn. The WTO, the Geneva organization that oversees the rules of global trade, found that China had not been...

Corporate deal-making dips in 1Q on trade, economy fears

Apr. 18, 2019 1:47 PM EDT

Lingering trade spats and fears of a global economic slowdown stunted corporate deal-making worldwide during the first quarter. Large, international deals that drove the acquisitions market for years nearly disappeared, pushing deal values down by 15% from a year ago. Deal-making in Europe plunged to its lowest...

Trump cracks down on Cuba, Nicaragua and Venezuela

Apr. 17, 2019 8:49 PM EDT

CORAL GABLES, Fla. (AP) — The Trump administration on Wednesday intensified its crackdown on Cuba, Nicaragua and Venezuela, rolling back Obama administration policy and announcing new restrictions and sanctions against the three countries whose leaders national security adviser John Bolton dubbed the...

The Latest: US sanctions on Venezuelan bank aimed at Maduro

Apr. 17, 2019 3:29 PM EDT

WASHINGTON (AP) — The Latest on the Trump administration's position on Cuba (all times local): 2:15 p.m. The U.S. says it's imposing sanctions on the Central Bank of Venezuela. The Trump administration says the bank has been instrumental in propping up the government of Venezuela's president, Nicolas...

Fed sees moderate growth but problems in trade and floods

Apr. 17, 2019 2:46 PM EDT

WASHINGTON (AP) — The Federal Reserve said Wednesday the economy was expanding at a moderate pace in March and early April, despite uncertainty caused by trade tensions and severe flooding in the Midwest. In its latest report on economic conditions around the country, the Fed said that some districts...

EU threatens to tax $20 billion of US goods over Boeing aid

Apr. 17, 2019 9:58 AM EDT

BRUSSELS (AP) — The European Union has drawn up a list of $20 billion worth of U.S. products it could tax in an escalating feud over plane industry subsidies, the EU's executive commission said Wednesday. The commission said the EU could tax the products , which range from aircraft parts to frozen fish,...

Israel military exports were $7.5 billion in 2018, down 18%

Apr. 17, 2019 9:57 AM EDT

JERUSALEM (AP) — Israel's Defense Ministry says the country's military exports were $7.5 billion last year, down 18% from the previous year. The ministry said on Wednesday that despite the drop, the 2018 figures were a "major success" and the second-highest level in the past decade. It said the $9.2...

US trade deficit narrows to $49.4 billion in February

Apr. 17, 2019 9:42 AM EDT

WASHINGTON (AP) — The U.S. trade deficit fell for the second straight month in February, and the politically sensitive deficit in the trade of goods with China narrowed. The Commerce Department said Wednesday that the gap between the goods and services that the United States sells and what it buys from the...