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China demands US lift Xinjiang cotton, tomato import ban
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...
China 2020 exports up despite virus; surplus surges to $535B
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...
US to block cotton from China region targeted in crackdown
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...
NIreland stores see empty shelves as Brexit trade rules bite
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,...
Companies say post-Brexit rules are clogging up UK-EU trade
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...
US trade deficit jumps to $68.1 billion in November
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
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...
UK warns of 'bumpy' post-Brexit transition despite deal
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...
Breakthrough: UK and EU reach post-Brexit trade agreement
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
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...
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