Latest Trade agreements News

A view of the vessel the Clavel, right, sailing on international waters crossing the Gibraltar stretch on Wednesday, May 20, 2020. Five Iranian tankers likely carrying at least $45.5 million worth of gasoline and similar products are now sailing to Venezuela, part of a wider deal between the two U.S.-sanctioned nations amid heightened tensions between Tehran and Washington. (AP Photo/Marcos Moreno)

Venezuela to escort Iranian tankers bringing needed fuel

May. 20, 2020 7:24 PM EDT

CARACAS, Venezuela (AP) — Venezuela’s defense minister said Wednesday that planes and ships from the nation's armed forces will escort Iranian tankers arriving with fuel to the gasoline-starved country in case of any U.S. aggression. Defense Minister Vladimir Padrino López said Venezuela's...

FILE - In this Wednesday, Feb. 5, 2020 file photo, European Commission's Head of Task Force for Relations with the United Kingdom Michel Barnier, right, is greeted by David McAllister, the German EU parliamentarian who is the legislature's top official on the bilateral relations. Slowed by the coronavirus pandemic and whipped up by a British-imposed deadline, talks between the EU and the UK on a future relationship in the wake of Brexit are struggling to make significant progress. A third negotiation session is drawing to a close on Friday, May 15, 2020 but so far, just over 100 days after the official exit of the UK from the EU, fundamental gaps still exist. (AP Photo/Francisco Seco, File)

As EU talks stall, UK outlines tariffs for post-Brexit world

May. 19, 2020 1:24 PM EDT

LONDON (AP) — The British government published Tuesday the outlines of a new post-Brexit tariff regime that could potentially lead to a fall in the price of thousands of products, including Christmas trees, cocoa and fridges. The Department for International Trade said the new regime will see tariffs...

European Union's chief Brexit negotiator Michel Barnier speaks during a media conference, following the third round of Brexit talks between the EU and Britain, at EU headquarters in Brussels, Friday, May 15, 2020. Talks between the European Union and the United Kingdom on their future relationship in the wake of Brexit have ground to a near-standstill despite the urgency for progress before a summit next month.(Francois Lenoir, Pool Photo via AP)

UK-EU deadlocked in Brexit talks as clock ticks down

May. 15, 2020 9:10 AM EDT

BRUSSELS (AP) — Talks between the European Union and the United Kingdom on their post-Brexit relationship ground to a near-standstill Friday, with each side accusing the other of blocking progress on a trade deal just weeks before a crucial summit. The EU's chief negotiator, Michel Barnier, told a news...

Member of European Parliament David McAllister speaks during an interview outside European Parliament on Thursday, May 14, 2020. Slowed by the coronavirus pandemic and whipped up by a British-imposed deadline, talks between the EU and the UK on a future relationship in the wake of Brexit are struggling to make significant progress. A third negotiation session is drawing to a close on Friday, May 15, 2020 but so far, just over 100 days after the official exit of the UK from the EU, fundamental gaps still exist. (AP Photo/Mark Carlson)

EU-UK talks struggle amid pandemic, cross-Channel division

May. 14, 2020 10:31 AM EDT

BRUSSELS (AP) — Slowed by the coronavirus pandemic and whipped up by a U.K.-imposed deadline, talks between the European Union and Britain on their future relationship in the wake of Brexit are struggling to make significant progress. Reduced to negotiating sessions on video because of travel...

AGs in 14 states to Trump: Let's hold China accountable

May. 13, 2020 5:00 PM EDT

Tallahassee, Fla. (AP) — Republican attorneys general in 14 states asked President Donald Trump on Wednesday to form a state-federal partnership to hold China accountable for damages caused by the spread of the new coronavirus. The letter to the president says “the Chinese communist...

US meat exports surge as industry struggles to meet demand

May. 13, 2020 1:03 PM EDT

OMAHA, Neb. (AP) — U.S. meat exports are surging even as the industry is struggling to meet domestic demand because of coronavirus outbreaks at processing plants that have sickened hundreds of workers and caused companies to scramble to improve conditions. Although the situation could cause concern that...

Iran’s president replaces trade chief as car prices up 60%

May. 11, 2020 10:11 AM EDT

TEHRAN, Iran (AP) — Iran’s president has dismissed its trade and industry minister amid ongoing economic problems that have seen car prices skyrocket by more than 60%. Iran has been in the grip of a severe economic crisis since President Donald Trump withdrew the U.S. from the 2015 nuclear deal and...

People wearing a face mask to help curb the spread of the coronavirus stand near an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, May 8, 2020. Asian shares surged Friday on optimism the worst of the economic fallout from the pandemic may be over, as Wall Street logged its biggest rally in a week.(AP Photo/Eugene Hoshiko)

Stocks rise on hopes that awful jobs report marks the bottom

May. 8, 2020 5:00 PM EDT

Wall Street doubled down on its bet that the worst of the recession has passed, sending stocks higher again on Friday despite another historic, crushing report on the job market. Stocks around the world were already rising before the U.S. government gave its monthly report on jobs, in part on hopes that the U.S....

FILE - In this May 10, 2019, file photop, container ship is unloaded at the Virginia International Gateway terminal in Norfolk, Va. China-US Trade. A Chinese state news agency says U.S. and Chinese trade negotiators promised to create “favorable conditions” for carrying out a truce in their governments’ tariff war during a phone call. (AP Photo/Steve Helber, File)

US, China trade envoys promise 'favorable conditions'

May. 8, 2020 6:27 AM EDT

BEIJING (AP) — U.S. and Chinese trade negotiators promised to create “favorable conditions” for carrying out a truce in their governments’ tariff war during a phone call Friday, an official Chinese news agency reported. The call followed a threat by President Donald Trump to pull out...

People wearing a face mask to help curb the spread of the coronavirus stand near an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, May 8, 2020. Asian shares surged Friday on optimism the worst of the economic fallout from the pandemic may be over, as Wall Street logged its biggest rally in a week.(AP Photo/Eugene Hoshiko)

Stocks rise on hope that worst of economic plunge has passed

May. 7, 2020 11:46 PM EDT

TOKYO (AP) — Asian shares surged Friday on optimism the worst of the economic fallout from the pandemic may be over, as Wall Street logged its biggest rally in a week. Japan's benchmark Nikkei 225 jumped 1.8% to 20,025.91. South Korea's Kospi jumped 1.3% to 1,954.48. Australia's S&P/ASX 200 rose 0.8%...