Latest Trade barriers News

AP FACT CHECK: Trump's trade claims, Paris protesters' chant

Dec. 8, 2018 11:42 AM EST

WASHINGTON (AP) — Eager for a historic trade agreement, President Donald Trump is claiming done deals with China that aren't measuring up to the hype. He describes last week's meeting with Chinese President Xi Jinping in Buenos Aires, Argentina, as "extraordinary" and a "big leap forward." China, however,...

China exports weaken ahead of US trade talks

Dec. 8, 2018 7:01 AM EST

BEIJING (AP) — China's export growth sank in November as global demand weakened, adding to pressure on Beijing ahead of trade talks with Washington. Exports rose 5.4 percent over a year ago to $227.4 billion, a marked decline from the previous month's 12.6 percent increase, customs data showed Saturday....

Stocks drop 4 percent in rocky week on trade, growth worries

Dec. 7, 2018 6:25 PM EST

Wall Street capped a turbulent week of trading Friday with the biggest weekly loss since March as traders fret over rising trade tensions between Washington and Beijing and signals of slower economic growth. The latest wave of selling erased more than 550 points from the Dow Jones Industrial Average, bringing its...

Solid US jobs report expected amid sharp market volatility

Dec. 7, 2018 7:38 AM EST

WASHINGTON (AP) — Friday's jobs report for November is expected to point to a solid economy for most Americans, with steady hiring, a low unemployment rate and faster wage gains. If so, it would provide a dose of welcome news after this week's frantic financial market gyrations, which have been driven...

China demands Canada release executive of tech giant Huawei

Dec. 6, 2018 4:46 PM EST

BEIJING (AP) — China on Thursday demanded that Canada release an executive of Chinese tech giant Huawei who was arrested in a case that compounds tensions with the U.S. and threatens to complicate trade talks. Meng Wanzhou, chief financial officer of Huawei Technologies Ltd., faces possible extradition to...

Tech execs at White House field ideas for US dominance

Dec. 6, 2018 4:35 PM EST

Top executives from Google, Microsoft, IBM, Oracle and Qualcomm gathered Thursday at the White House amid strained ties between President Donald Trump's administration and the tech industry and an ongoing trade war with China. The White House described the Thursday meeting as a listening session to field ideas...

Record imports push US trade gap to $55.5 billion in October

Dec. 6, 2018 8:58 AM EST

WASHINGTON (AP) — Record imports in October drove the U.S. trade deficit to the highest level in a decade. The Commerce Department said Thursday that the gap between the United States sells and what it buys from foreign countries hit $55.5 billion in October, the fifth straight increase and highest since...

China promises prompt action on US trade pact

Dec. 6, 2018 5:06 AM EST

BEIJING (AP) — China's government said Thursday it will promptly carry out a tariff cease-fire with Washington and is confident they can reach a trade agreement, suggesting Beijing wants to avoid disruptions due to the arrest of a tech executive. Talks during the 90 day period during which President Donald...

Asian shares skid as Huawei CFO arrest revives trade jitters

Dec. 5, 2018 11:30 PM EST

TOKYO (AP) — Asian stock prices skidded Thursday following the arrest of a senior official at Chinese telecoms equipment maker Huawei that could derail progress in China-U.S. trade talks. KEEPING SCORE: Hong Kong's Hang Seng index tumbled 2.6 percent to 26,117.28 and Japan's benchmark Nikkei 225 fell 2.1...

Fed survey cites rising concerns about trade tariffs

Dec. 5, 2018 4:42 PM EST

WASHINGTON (AP) — The Federal Reserve said Wednesday that the U.S. economy was growing in the fall, but there were concerns about higher tariffs from a widening trade war, rising interest rates and tight labor markets. In its latest report on economic conditions around the country, the Fed said that most...