Latest International trade News

US stocks rise as trade fears ebb and tech companies lead

Jun. 20, 2018 2:57 PM EDT

NEW YORK (AP) — U.S. stocks are rising Wednesday, led by technology and media companies, as global markets let go of some of their fears about the growing trade dispute between the U.S. and China. Still, investors are favoring the companies they think are less vulnerable to tariffs. Twenty-First Century...

Tariff troubles: Volvo opens 1st US plant in changed economy

Jun. 20, 2018 1:51 PM EDT

COLUMBIA, S.C. (AP) — Volvo Cars opened its first plant in the U.S. on Wednesday in a much different trade environment than when it announced its expansion across the Atlantic three years ago. The Swedish automaker threw a glitzy party for the reveal of its redesigned S60 sedan, which will roll off a South...

Lawmakers rip tariffs enacted in name of national security

Jun. 20, 2018 1:35 PM EDT

WASHINGTON (AP) — Pointing to damage done to home-state companies, lawmakers from both parties Wednesday criticized tariffs the Trump administration has imposed on imported steel and aluminum products in the name of national security. The Trump administration has turned to a little-used weapon in trade...

Central bank chiefs of 4 major nations raise trade concerns

Jun. 20, 2018 1:07 PM EDT

WASHINGTON (AP) — The leaders of the central banks of four major economies expressed alarm Wednesday that multiple trade conflicts are threatening to slow global growth. The officials said at a conference in Portugal that the escalating trade fights involving the United States, China and Europe could erode...

EU to tax Harleys, bourbon and other US goods from Friday

Jun. 20, 2018 12:35 PM EDT

BRUSSELS (AP) — The European Union will start taxing a range of U.S. imports Friday, including quintessentially American goods like Harley-Davidson bikes and cranberries, in response to President Donald Trump's decision to slap tariffs on European steel and aluminum. The 28-nation EU's trade chief, Cecilia...

Markets Right Now: Stocks mostly higher, led by tech, media

Jun. 20, 2018 12:14 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 12:05 p.m. U.S. stocks are mostly higher Wednesday as technology and media companies lead a recovery from the turbulent trading seen the day before. The S&P 500 index is rising 8 points, or 0.3 percent, to 2,771. The...

Global stocks rise, unfazed by US-China tensions

Jun. 20, 2018 7:41 AM EDT

SINGAPORE (AP) — Stock markets rose Wednesday as investors rallied around signs that the global economy was on track despite heated exchanges between the world's two largest economies over trade. KEEPING SCORE: Germany's DAX was up 0.1 percent to 12,692 and France's CAC 40 added 0.2 percent to 5,400....

Survey: Companies in China feel pressure to give up tech

Jun. 20, 2018 1:28 AM EDT

BEIJING (AP) — One in five foreign companies in China feels compelled to hand over technology for market access, a business group said Wednesday, highlighting a key irritant in an escalating U.S.-Chinese trade dispute. The European Union Chamber of Commerce in China's report follows President Donald...

Asian stocks take breather from trade tension; markets mixed

Jun. 19, 2018 11:26 PM EDT

SINGAPORE (AP) — Asian markets were mixed on Wednesday as traders sidelined tariffs that the U.S. and China have threatened to impose on one another, focusing on positive housing data instead. KEEPING SCORE: Japan's benchmark Nikkei 225 index rose less than 0.1 percent to 22,287.42 and South Korea's Kospi...

Trump's tariffs: What they are and how they would work

Jun. 19, 2018 5:14 PM EDT

WASHINGTON (AP) — So is this what a trade war looks like? The Trump administration and China's leadership have threatened to impose tariffs on $50 billion of each other's goods. Trump has proposed imposing duties on $400 billion more if China doesn't further open its markets to U.S. companies and reduce...