Latest International trade News

Trump says he doesn't need China trade deal before election

Sep. 20, 2019 6:49 PM EDT

WASHINGTON (AP) — As China and the U.S. near a new round of trade talks, President Donald Trump said Friday he doesn't feel he needs to secure an agreement before next year's election. Trump told reporters he wants a complete deal with China and won't accept one that only addresses some of the differences...

Fresh US-China trade worries erase early gains for stocks

Sep. 20, 2019 6:06 PM EDT

Wall Street closed out a volatile week with losses Friday as investors worried that upcoming trade talks aimed at resolving the costly trade war between Washington and Beijing could be in trouble. The selling, which erased modest early gains for the market, snapped a three-week win streak for the S&P 500. The...

How major US stock indexes fared Friday

Sep. 20, 2019 4:54 PM EDT

Stocks finished lower on Wall Street Friday amid new concerns about the progress of trade talks between the U.S. and China. The market turned lower in the afternoon after reports said a Chinese trade delegation had cut short a trip to the U.S. The selling, which erased modest early gains for the market, snapped a...

Markets Right Now: Stocks fall on fresh trade worries

Sep. 20, 2019 4:17 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are finishing lower Friday on concerns about the progress of trade talks between the U.S. and China. The market turned lower in the afternoon after reports said a Chinese trade delegation had cut short a trip...

Japan accepts talks with South Korea on WTO arbitration

Sep. 20, 2019 10:03 AM EDT

TOKYO (AP) — Japan announced Friday it will accept South Korea's request for joint talks leading to arbitration by the World Trade Organization after Seoul filed a complaint with the international body over Tokyo's tightening of export controls. Trade minister Isshu Sugawara, however, said Japan's controls...

Cambodia gives garment workers 4.4% minimum wage hike

Sep. 20, 2019 8:05 AM EDT

PHNOM PENH, Cambodia (AP) — Cambodia's government announced Friday that it is raising the minimum wage for the garment industry, the country's biggest export earner, whose workers make up a powerful political bloc. The Ministry of Labor and Vocational Training said starting in January, the minimum wage...

Asian shares mostly higher as China cuts loan rate

Sep. 20, 2019 12:08 AM EDT

BANGKOK (AP) — Asian shares were mostly higher on Friday after a lackluster session on Wall Street, as investors shifted their focus to China-U.S. trade talks after a busy week of central bank news. Japan's Nikkei 225 index gained 0.4% to 22,135.98 and the Shanghai Composite index rose 0.2% to 3,004.48....

Bankers expect slow economic growth amid trade war

Sep. 19, 2019 2:49 PM EDT

OMAHA, Neb. (AP) — Bankers in rural parts of 10 Plains and Western states expect slow growth in the months ahead, but the ongoing trade war between the U.S. and China is weighing on the economy. The Rural Mainstreet survey's overall index climbed into positive territory at 50.1 in September from August's...

Weak manufacturing threatens consumer-fueled growth

Sep. 19, 2019 12:37 PM EDT

NEW YORK (AP) — Consumers have supported the economy during its record-setting expansion, but a shrinking manufacturing sector, crushing tariffs and other dangers may bring the good times to an end. Fresh warning bells rang on Wall Street earlier this month after factory output shrank for the first time in...

Huawei debuts phone without Google apps as US sanctions bite

Sep. 19, 2019 12:36 PM EDT

MUNICH (AP) — Huawei launched a new flagship smartphone on Thursday but it comes without popular Google apps such as Chrome or YouTube after U.S. sanctions kicked in, limiting its appeal to consumers. The Chinese tech giant's Mate 30 phone series, including one for new 5G networks, runs on an open source...