Latest Trade policy News

Trump flip-flops on tax cuts, citing 'strong economy'

Aug. 22, 2019 12:09 AM EDT

WASHINGTON (AP) — A day after considering cutting taxes to promote economic growth, President Donald Trump on Wednesday changed course and said he would abandon the idea because the nation already had "a strong economy." Trump's flip-flop came after recent market volatility and economic uncertainty, and...

China's rust belt looks abroad as growth slows, tariffs bite

Aug. 21, 2019 11:21 PM EDT

YINGKOU, China (AP) — From Thailand to Kenya, trains run on tracks from steel mills in China's northeast, a rust-belt region that is trying to capitalize on a multibillion-dollar national initiative to build ports, railways and other projects abroad. Announced in 2012, the Belt and Road Initiative is...

Pence steps up pressure for trade deal with Mexico, Canada

Aug. 21, 2019 8:03 PM EDT

SANTA FE, N.M. (AP) — Vice President Mike Pence stepped up pressure on Congress to support the Trump administration's new trade deal with Mexico and Canada, taking his pitch Wednesday to a congressional swing district in New Mexico. Speaking to a crowd at an oilfield services company in the Permian basin...

Germany's Merkel dangles possibility of negotiated Brexit

Aug. 21, 2019 4:04 PM EDT

BERLIN (AP) — German Chancellor Angela Merkel raised the possibility that a negotiated departure for Britain from the European Union might still be possible even as the clock is ticking on a deal that would satisfy both sides. Speaking Wednesday alongside U.K. Prime Minister Boris Johnson before the two...

The Latest: Farm chief warns UK that EU will not be divided

Aug. 21, 2019 1:27 PM EDT

BERLIN (AP) — The Latest on Britain's plan to leave the European Union (all times local): 7:20 p.m. The European Union's agriculture chief says if British Prime Minister Boris Johnson lets the UK crash out of the EU without a deal on Oct. 31 it will create a "foul atmosphere" that will spill over into any...

Powell may signal future rate cuts, but would they matter?

Aug. 21, 2019 12:22 PM EDT

WASHINGTON (AP) — The economy is slowing, the trade war is raging and the president is repeatedly attacking. Under the glare of a spotlight, Chairman Jerome Powell may signal Friday what the Federal Reserve will do — or can do — to strengthen the economy and restore confidence at a time of...

France's Macron seeks to be a mediator in G-7 hard times

Aug. 21, 2019 10:37 AM EDT

PARIS (AP) — French President Emmanuel Macron hosts the G-7 summit this weekend fresh off a meeting with Russia's Vladimir Putin, hoping to maintain his image as a global mediator at a time of deep political and economic insecurity in the world and despite President Donald Trump's open disdain for...

Germany charges Russian for violating trade embargo

Aug. 21, 2019 8:30 AM EDT

BERLIN (AP) — Germany's federal prosecutor has charged a Russian citizen for crimes against the foreign trade law because he allegedly exported technology and chemicals to Russia that fall under an embargo. Prosecutors in Karlsruhe said Wednesday that Vladimir D., whose full name and age were not given,...

Beijing appeals to US to 'meet China halfway' on trade

Aug. 21, 2019 8:15 AM EDT

BEIJING (AP) — Beijing appealed to Washington on Wednesday to "meet China halfway" and end a tariff war after President Donald Trump said Americans might need to endure economic pain to achieve longer-term benefits. A foreign ministry spokesman, Geng Shuang, expressed hope Washington can "get along with...

Asian stocks follow Wall Street lower before US Fed release

Aug. 21, 2019 12:18 AM EDT

BEIJING (AP) — Asia stock markets followed Wall Street lower Wednesday as investors looked ahead to a speech by the Federal Reserve chairman for signs of possible plans for more U.S. interest rate cuts. Benchmarks in Tokyo, Shanghai and Australia declined while South Korea advanced. U.S. stocks fell...