Latest Trade policy News

Canada says it will impose retaliatory tariffs on US imports

Aug. 7, 2020 4:11 PM EDT

TORONTO (AP) — Canada’s deputy prime minister said Friday that the country plans to impose $3.6 billion Canadian (US$2.69 billion) tariffs on U.S. imports in response to President Donald Trump saying the U.S. is reinstating a 10% import tax on Canadian aluminum. Deputy Prime Minister Chrystia...

Hong Kong Chief Executive Carrie Lam listens to reporters' questions during a press conference in Hong Kong, Friday, Aug. 7, 2020. The semi-autonomous city of Hong Kong reports 95 new cases and three additional fatalities reported. The city of 7.5 million people has restricted indoor dining and require faces masks to be worn in all public places. (AP Photo/Vincent Yu)

US sanctions pro-China leader of Hong Kong, other officials

Aug. 7, 2020 2:03 PM EDT

WASHINGTON (AP) — The U.S. on Friday imposed sanctions on Hong Kong officials, including the pro-China leader of the government, accusing them of cooperating with Beijing’s effort to undermine autonomy and crack down on freedom in the former British colony. The sanctions are the latest in a string...

FILE - In this file photo dated Thursday, Jan. 30, 2020, a woman holds up the British Union and the European Union flags together during an event in Brussels, Belgium. The number of Britons moving to live in European Union countries has soared since the Brexit vote in 2016, a U.K.-German study has revealed Tuesday Aug. 4, 2020. (AP Photo/Francisco Seco, FILE)

UK to spend millions to ease Brexit red tape for N Ireland

Aug. 7, 2020 1:03 PM EDT

The British government will spend up 355 million pounds ($465 million) to help businesses in Northern Ireland deal with the red tape caused by Brexit, officials said Friday. Brexit’s supporters, including British Prime Minister Boris Johnson, say leaving the European Union will be a boon for U.K....

A China COSCO Shipping container ship sails past the skyline of Qingdao in eastern China's Shandong Province, on July 28, 2020. China's exports rose 7.2% in July over a year earlier despite the coronavirus pandemic. Sales to the United States rose 12.5% despite lackluster U.S. economic activity and lingering tariff war with Washington. (Chinatopix via AP)

China's July exports rise despite coronavirus, US tariff war

Aug. 7, 2020 1:58 AM EDT

BEIJING (AP) — China's exports rose by an unexpectedly strong 7.2% in July as the world's second-largest economy recovered from the coronavirus pandemic. Sales to the United States jumped 12.5% despite a plunge in U.S. economic activity and a lingering tariff war with Washington, customs data showed...

President Donald Trump speaks during an event at the Whirlpool Corporation facility in Clyde, Ohio, Thursday, Aug. 6, 2020. Trump is in Ohio to promote the economic prosperity that much of the nation enjoyed before the coronavirus pandemic and try to make the case that he is best suited to rebuild a crippled economy. (AP Photo/Susan Walsh)

Playing electoral defense, Trump claims Biden opposes God

Aug. 6, 2020 10:08 PM EDT

CLEVELAND (AP) — President Donald Trump billed his trip to Ohio Thursday as a chance to promote economic recovery, but he quickly pivoted to a deeply personal attack on Joe Biden, even questioning without foundation the former vice president's faith in God. Even for a president known for his blunt...

President Donald Trump speaks during an event at the Whirlpool Corporation facility in Clyde, Ohio, Thursday, Aug. 6, 2020. (AP Photo/Susan Walsh)

Trump targets Canada, reimposing tariffs on aluminum

Aug. 6, 2020 8:07 PM EDT

WASHINGTON (AP) — President Donald Trump said Thursday that the United States is reinstating a 10% import tax on Canadian aluminum, raising tensions with an American ally just weeks after his trade pact with Canada and Mexico took effect. Canada quickly vowed to respond in kind. Trump originally imposed...

A currency trader wearing a face mask walks near the screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room in Seoul, South Korea, Thursday, Aug. 6, 2020. Stocks were mixed in Asia on Thursday despite strong gains overnight on Wall Street, where the rally just kept on rolling. (AP Photo/Lee Jin-man)

Asian shares mixed as US talks on stimulus still stalled

Aug. 5, 2020 11:17 PM EDT

Stocks were mixed in Asia on Thursday despite strong gains overnight on Wall Street, where the rally just kept on rolling. Investors are watching to see if lawmakers will come ahead with fresh stimulus for the U.S. economy. Tokyo's Nikkei 225 index shed 0.4% to 22,438.61 while the Shanghai Composite index gave...

A woman wearing a face mask walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Wednesday, Aug. 5, 2020. Major Asian stock markets declined Wednesday amid investor concern about U.S. stimulus spending and a trade agreement with Beijing. (AP Photo/Vincent Yu)

Asian shares fall on jitters over US stimulus, China trade

Aug. 4, 2020 11:43 PM EDT

BEIJING (AP) — Major Asian stock markets declined Wednesday amid investor concern about U.S. stimulus spending and a trade agreement with Beijing. Market benchmarks in Shanghai, Tokyo, Hong Kong and Sydney declined. Investors are watching the stalemate among U.S. legislators over employment benefits for...

In this photo provided by the North Korean government, North Korean leader Kim Jong Un delivers a speech before war veterans in Pyongyang, North Korea, Monday, July 27, 2020, marking the 67th anniversary of the end of the 1950-53 Korean War. Kim said his country’s hard-won nuclear weapons were a solid security guarantee and a “reliable, effective” deterrent that could prevent a second Korean War, state media reported Tuesday. Independent journalists were not given access to cover the event depicted in this image distributed by the North Korean government. The content of this image is as provided and cannot be independently verified. Korean language watermark on image as provided by source reads:

UN experts: North Korea flouts sanctions on nukes, missiles

Aug. 4, 2020 8:04 PM EDT

UNITED NATIONS (AP) — U.N. experts say North Korea is flouting U.N. sanctions by expanding its nuclear arsenal and ballistic missile program and by exporting coal and illegally importing refined petroleum products in excess of its annual quota. The experts said in key sections of a report obtained Tuesday...

FILE - In this July 29, 2020, file photo President Donald Trump arrives to deliver remarks about American energy production during a visit to the Double Eagle Energy Oil Rig in Midland, Texas. Trump, like many fellow Republicans, holds out tax reductions and regulatory cuts as economic cure-alls and frames himself as a conservative champion in seemingly endless culture wars. But the president, still trying to fashion himself as an outsider, offers little detail about how he’d pull the levers of government in a second term.  (AP Photo/Evan Vucci, File)

Trump vs. Biden: Where they stand on health, economy, more

Jul. 30, 2020 5:42 AM EDT

WASHINGTON (AP) — President Donald Trump and his Democratic challenger, Joe Biden, both promise sweeping progress over the next four years –- via starkly different paths. Trump, like many fellow Republicans, holds out tax reductions and regulatory cuts as economic cure-alls and frames himself as a...