Latest Visible trade News

A man walks past a poster with the slogans

China demands US lift Xinjiang cotton, tomato import ban

Jan. 14, 2021 5:19 AM EST

BEIJING (AP) — China on Thursday demanded Washington drop a ban on cotton and tomato imports from its Muslim northwest over complaints they are produced by forced labor, which a spokesman dismissed as the “lie of the century.” The ban announced Wednesday adds to a flurry of sanctions imposed...

A container ship leaves a port in Nantong in eastern China's Jiangsu Province, Dec. 20, 2020. China's exports rose in 2020 despite pressure from the coronavirus pandemic and a tariff war with Washington, boosting its politically volatile trade surplus to $535 billion, one of the highest ever reported. (Chinatopix via AP)

China 2020 exports up despite virus; surplus surges to $535B

Jan. 14, 2021 12:48 AM EST

BEIJING (AP) — China’s exports rose in 2020 despite pressure from the coronavirus and a tariff war with Washington, boosting its politically volatile trade surplus to $535 billion, one of the highest ever reported. Exports increased 3.6% over 2019 to $2.6 trillion, an improvement on the previous...

An elderly Chinese man looks at map of Chinese showing its different ethnic groups and the slogan

US to block cotton from China region targeted in crackdown

Jan. 13, 2021 9:02 PM EST

WASHINGTON (AP) — The U.S. government announced Wednesday that it will halt imports of cotton and tomatoes from the Uighur region of China in its most sweeping action yet to pressure the Communist Party over its campaign against ethnic minorities. Officials said Customs and Border Protection will use its...

Depleted shelves are seen in a Sainsbury's supermarker at the Forestside shopping centre in Belfast, Monday, Jan. 11, 2021. The U.K.’s biggest supermarket chains warned Wednesday, Jan. 13 that food supplies in Northern Ireland face disruption because of new checks imposed by Britain’s departure from the European Union. After photos emerged showing empty shelves, the chief executives of Tesco, Sainsbury's, Asda, Iceland, Co-Op and Marks & Spencer wrote to the government saying there would be “significant disruption” unless urgent action was taken to fix an “unworkable” system. (David Young/PA via AP)

NIreland stores see empty shelves as Brexit trade rules bite

Jan. 13, 2021 7:23 AM EST

LONDON (AP) — The U.K.’s biggest supermarket chains warned Wednesday that food supplies in Northern Ireland face disruption because of new checks imposed by Britain’s departure from the European Union. After photos emerged showing empty shelves, the chief executives of Tesco,...

The road heading the check point on the Eurotunnel site is pictured in Coquelles, Monday Jan.4, 2021. Britain left the European bloc's vast single market for people, goods and services, completing the biggest single economic change the country has experienced since World War II. (AP Photo/Michel Spingler)

Companies say post-Brexit rules are clogging up UK-EU trade

Jan. 8, 2021 12:15 PM EST

LONDON (AP) — Some businesses said Friday that costs and paperwork are hampering trade between Britain and the European Union as the reality of the U.K.’s post-Brexit trading relationship with the bloc takes hold. Britain left the economic embrace of the 27-nation bloc, the final stage of Brexit, at...

FILE - In this Nov. 4, 2019, file photo, cargo cranes are used to take containers off of a Yang Ming Marine Transport Corporation boat at the Port of Tacoma in Tacoma, Wash.  The Commerce Department said Thursday, Jan. 7, 2021, the U.S. trade deficit jumped to $68.1 billion in November as a surge in imports overwhelmed a smaller increase in exports. (AP Photo/Ted S. Warren, File)

US trade deficit jumps to $68.1 billion in November

Jan. 7, 2021 9:32 AM EST

WASHINGTON (AP) — The U.S. trade deficit jumped to $68.1 billion in November, the highest monthly deficit in 14 years, as a surge in imports overwhelmed a smaller increase in exports. The November gap between what America buys from abroad compared to what it sells abroad rose by 8% from the October deficit...

Britain, Turkey reach post-Brexit free trade agreement

Dec. 29, 2020 9:29 AM EST

ANKARA, Turkey (AP) — Turkey and Britain signed a free-trade agreement Tuesday as the U.K. prepares to leave the European Union's economic orbit at the start of the new year. The deal, which will come into effect on Jan. 1, aims to support trade between the two countries which was worth more than $25...

A colleague wears a Christmas hat as European Union chief negotiator Michel Barnier, center, carries a binder of the Brexit trade deal during a special meeting of Coreper, at the European Council building in Brussels, Friday, Dec. 25, 2020. European Union ambassadors convened on Christmas Day to start an assessment of the massive free-trade deal the EU struck with Britain. After the deal was announced on Thursday, EU nations already showed support for the outcome and it was expected that they would unanimously back the agreement, a prerequisite for its legal approval. (Olivier Hoslet, Pool via AP)

UK warns of 'bumpy' post-Brexit transition despite deal

Dec. 28, 2020 11:16 AM EST

LONDON (AP) — First came the Brexit trade deal. Now comes the red tape and the institutional nitty gritty. Four days after sealing a free trade agreement with the European Union, the British government warned businesses Monday to get ready for disruptions and “bumpy moments” when the new...

Britain's Prime Minister Boris Johnson speaks during a media briefing in Downing Street, London, Thursday, Dec. 24, 2020. Britain and the European Union have struck a provisional free-trade agreement that should avert New Year's chaos for cross-border commerce and bring a measure of certainty to businesses after years of Brexit turmoil. The breakthrough on Thursday came after months of tense and often testy negotiations that whittled differences down to three key issues: fair-competition rules, mechanisms for resolving future disputes and fishing rights. (Paul Grover/Pool Photo via AP)

Breakthrough: UK and EU reach post-Brexit trade agreement

Dec. 24, 2020 2:47 PM EST

BRUSSELS (AP) — Just a week before the deadline, Britain and the European Union struck a free-trade deal Thursday that should avert economic chaos on New Year's and bring a measure of certainty for businesses after years of Brexit turmoil. Once ratified by both sides, the agreement will ensure Britain and...

Man sentenced for plan to smuggle generator from US to Iran

Dec. 17, 2020 5:17 PM EST

A U.K. citizen was sentenced Thursday in Florida to two years and six months in federal prison for violating an embargo and attempting to smuggle industrial equipment to Iran. Colin Fisher, 45, was sentenced in Pensacola federal court. He pleaded guilty in September to violating the International Emergency...