Latest Trade barriers 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...

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...

France floats tariffs on US goods amid Airbus-Boeing dispute

Sep. 19, 2019 9:14 AM EDT

PARIS (AP) — France's finance minister says Europe is ready to impose retaliatory tariffs next year on U.S. goods as part of a long-running dispute over subsidies to plane makers Airbus and Boeing. Finance Minister Bruno Le Maire told reporters Thursday that "trade wars are good for no one," noting damage...

3 things to watch for from the Federal Reserve on Wednesday

Sep. 17, 2019 1:01 PM EDT

WASHINGTON (AP) — When it previously met in late July, the Federal Reserve cut its benchmark interest rate for the first time since America's financial system stood on the edge of collapse more than a decade ago. On Wednesday, the Fed is widely expected to announce a second rate cut just before Chairman...

Chinese envoy going to US to prepare for trade talks

Sep. 17, 2019 2:11 AM EDT

BEIJING (AP) — A Chinese envoy will head to Washington on Wednesday to prepare for trade negotiations. The announcement Tuesday follows conciliatory gestures by both sides ahead of the October talks on their fight over trade and technology, which threatens to dampen global economic growth. A deputy finance...

World Bank urges China to open tech industries

Sep. 17, 2019 12:51 AM EDT

BEIJING (AP) — The World Bank and a Chinese Cabinet agency have urged Beijing to roll back plans for government-led technology development that are fueling a tariff war with Washington. The appeal Tuesday comes in a report on technology industries as "new drivers" for China's economy that was commissioned...

The Latest: Trump says it's 'looking like' Iran is to blame

Sep. 16, 2019 3:59 PM EDT

WASHINGTON (AP) — The Latest on tensions in the Persian Gulf and the fallout after weekend attack on major oil sites in Saudi Arabia (all times local): 3:35 p.m. President Donald Trump says it's "looking like" Iran was responsible for the attacks on key oil installations in Saudi Arabia, but he says he...

Global stocks slip as oil prices surge

Sep. 16, 2019 7:24 AM EDT

BEIJING (AP) — Global stock markets sank Monday after crude prices surged following an attack on Saudi Arabia's biggest oil processing facility. Market benchmarks in Europe dropped after Asian markets mostly closed lower, while Wall Street futures were down slightly. Shanghai's index was unchanged, and...

AP FACT CHECK: Trump myths on economy; Dems' selective facts

Sep. 16, 2019 12:28 AM EDT

WASHINGTON (AP) — The country described by the Democrats running for president is mired in child poverty, riven with economic unfairness and broken in its approach to health care, crime and guns. The country presented by President Donald Trump is roaring and ascendant , shattering all economic records for...

Asian markets mixed as oil prices surge

Sep. 16, 2019 12:17 AM EDT

BEIJING (AP) — Asian stock markets were mixed Monday after crude prices surged following an attack on Saudi Arabia's biggest oil processing facility. Hong Kong's benchmark tumbled 1.1% while Seoul advanced and Shanghai and Sydney were little-changed. Japanese markets were closed for a holiday. The...