Latest International trade News

Britain urges Germany to ease curbs on arms sales to Saudi

Feb. 20, 2019 11:41 AM EST

BERLIN (AP) — Britain's top diplomat has urged Germany to relax its ban on arms sales to Saudi Arabia because they are affecting U.K. sales of weapons to — and by extension its influence with — the oil-rich kingdom. The German weekly Der Spiegel reported Wednesday that British Foreign...

Possible peace declaration looms large over Trump-Kim summit

Feb. 20, 2019 9:26 AM EST

TOKYO (AP) — With their second summit fast approaching, speculation is growing that U.S. President Donald Trump may try to persuade North Korean leader Kim Jong Un to commit to denuclearization by giving him something he wants more than almost anything else: an announcement of peace and an end to the...

World shares mostly higher on upbeat talk on China-US trade

Feb. 20, 2019 7:20 AM EST

BANGKOK (AP) — Stocks were mostly higher in Europe and Asia on Wednesday after U.S. President Donald Trump suggested trade talks with China do not face a hard March 1 deadline for a deal. Negotiators from both sides resumed talks Tuesday in Washington following discussions in Beijing last week that U.S....

Japan trade deficit highest in 5 yrs, hit by China doldrums

Feb. 20, 2019 12:19 AM EST

TOKYO (AP) — Japan reports its exports tumbled 8.4 percent in January from a year earlier, as slowing Chinese growth pushed its monthly trade deficit to the highest level in nearly five years. Exports to all of Asia dropped 13 percent year-on-year, largely due to the 17 percent plunge in shipments to...

Asian shares mostly higher, extending Wall St advance

Feb. 19, 2019 11:03 PM EST

BANGKOK (AP) — Shares were mostly higher in Asia on Wednesday after a modestly high finish on Wall Street that extended the market's gains into a fourth week. The Nikkei 225 index rose 0.6 percent despite news that Japan's exports sank 8.4 percent in January from a year earlier, far more than forecast....

US automakers to Trump: Don't slap tariffs on imported cars

Feb. 19, 2019 9:51 PM EST

DETROIT (AP) — America's auto industry is bracing for a potential escalation in President Donald Trump's tariff war with the world, one that could weaken the global auto industry and economy, inflate car prices and trigger a backlash in Congress. Late Sunday, the Commerce Department sent the White House a...

Honda to shut plant in Brexit-shaken Britain

Feb. 19, 2019 10:50 AM EST

LONDON (AP) — Japanese carmaker Honda plans to close its car factory in western England in 2021, a fresh blow to the British economy as it struggles with the uncertainty associated with leaving the European Union next month. The company announced the decision, which will imperil 3,500 jobs and possibly...

US, China resume trade talks in Washington ahead of deadline

Feb. 19, 2019 9:46 AM EST

WASHINGTON (AP) — The United States and China resume talks Tuesday aimed at ending a fight over Beijing's technology ambitions ahead of a deadline for a massive U.S. tariff hike. The White House said that meetings between mid-level delegations will begin in Washington following talks last week in Beijing...

World stocks turn lower ahead of more China-US trade talks

Feb. 19, 2019 7:16 AM EST

BANGKOK (AP) — Stock mostly fell in Europe and Asia on Tuesday and U.S. markets looked set to open lower as Chinese and U.S. negotiators geared up for trade talks in Washington. Germany's DAX fell 0.4 percent to 11,256 while the CAC 40 in France slipped 0.5 percent to 5,141. Britain's FTSE 100 sank 0.7...

Asian shares gain on hopes for progress on China-US trade

Feb. 18, 2019 11:04 PM EST

BANGKOK (AP) — Asian shares are mostly higher as Chinese and U.S. officials prepare for trade talks in Washington this week. U.S. markets were closed Monday for President's Day. Analysts said much is riding on the outcome of the trade talks after an inconclusive end to an earlier round in Beijing last...