Latest Trade barriers News

US wins WTO case against China over grain exports

Apr. 18, 2019 2:08 PM EDT

WASHINGTON (AP) — The World Trade Organization handed the United States a win Thursday in a trade dispute with China, ruling that Beijing did not fairly administer quotas on U.S. wheat, rice and corn. The WTO, the Geneva organization that oversees the rules of global trade, found that China had not been...

EU threatens to tax $20 billion of US goods over Boeing aid

Apr. 17, 2019 9:58 AM EDT

BRUSSELS (AP) — The European Union has drawn up a list of $20 billion worth of U.S. products it could tax in an escalating feud over plane industry subsidies, the EU's executive commission said Wednesday. The commission said the EU could tax the products , which range from aircraft parts to frozen fish,...

US trade deficit narrows to $49.4 billion in February

Apr. 17, 2019 9:42 AM EDT

WASHINGTON (AP) — The U.S. trade deficit fell for the second straight month in February, and the politically sensitive deficit in the trade of goods with China narrowed. The Commerce Department said Wednesday that the gap between the goods and services that the United States sells and what it buys from the...

China's economic growth steady amid tariff fight with US

Apr. 17, 2019 5:40 AM EDT

SHANGHAI (AP) — China's economic growth held steady in the latest quarter despite a tariff war with Washington as Beijing's efforts to reverse a slowdown started to gain traction. The world's second-largest economy expanded by 6.4% over a year before in the three months ending in March, the government...

EU moves to limit focus of trade talks with US

Apr. 15, 2019 10:26 AM EDT

BRUSSELS (AP) — The European Union approved Monday its terms for negotiating a new trade deal with the United States, but set up a possible show-down with Washington by refusing to include agricultural products in the talks. Making public the mandate for the EU's executive commission to conduct...

Finance officials pledge cooperation, but tensions persist

Apr. 14, 2019 12:45 AM EDT

WASHINGTON (AP) — Global finance officials are pledging closer cooperation in efforts to lift the world economy out of its current slowdown, but tensions persist between the United States and other nations over trade and other issues. Officials wrapped up the spring meetings of the 189-nation International...

China exports rise in March, rebounding from slump

Apr. 12, 2019 6:26 AM EDT

BEIJING (AP) — China's exports rebounded from a slump in March and sales to the United States rose despite President Donald Trump's tariff hikes. Exports rose 14.2% over a year ago to $198.7 billion, recovering from February's 20.8% contraction, customs data showed Friday. Imports fell 7.6% to $166...

CORRECTS: China reports exports to US rose 10.6% in March despite Trump tariffs; imports down 21%.

Apr. 12, 2019 3:50 AM EDT
BEIJING (AP) — CORRECTS: China reports exports to US rose 10.6% in March despite Trump tariffs; imports down 21%. (Corrects APNewsAlert that stated February)

WTO upholds South Korean ban on Fukushima seafood

Apr. 12, 2019 3:31 AM EDT

SEOUL, South Korea (AP) — The World Trade Organization has upheld South Korea's import ban on Japanese seafood from areas affected by the 2011 nuclear disaster in Fukushima, overturning a ruling by a lower panel last year that said Seoul was unfairly discriminating against Japanese products. The decision...

UK's May says politicians have duty to complete Brexit

Apr. 11, 2019 2:16 PM EDT

LONDON (AP) — Granted a Brexit reprieve by the European Union, British Prime Minister Theresa May urged lawmakers Thursday to pause, reflect on the need for compromise — and then fulfill their "national duty" to approve a divorce deal and take Britain out of the EU. But there is little sign the...