Latest Visible trade News

Marks & Spencer blames Brexit for store closures in France

Sep. 16, 2021 07:43 AM EDT

LONDON (AP) — British retailer Marks & Spencer said Thursday that it will close 11 of its stores in France, mainly in Paris, as a result of fresh and chilled food supply issues related to Britain's departure from the European Union. The group blamed Brexit...

China's trade accelerates in August despite coronavirus

Sep. 07, 2021 01:39 AM EDT

BEIJING (AP) — China’s import and export growth accelerated in August despite disruptions due to the spread of the coronavirus’s delta variant. Exports rose 25.6% over a year earlier to $294.3 billion, up from July’s 18.9% growth, customs data showed Tuesday....

Hyperinflation, US dollars pricing out Venezuelan consumers

Aug. 11, 2021 11:39 AM EDT

CARACAS, Venezuela (AP) — Yosmar Sanguino says she struggles to put food on the table for her two daughters and three grandchildren in a low-income neighborhood of Venezuela’s capital. She often whips up arepas — traditional flat, round corn patties — with butter...

China's July exports, imports rise, but growth slows

Aug. 07, 2021 00:11 AM EDT

BEIJING (AP) — China’s imports and exports rose by double digits in July but growth slowed as global efforts to control the coronavirus’ more contagious delta variant weighed on business and consumer spending. Exports rose 18.9% over a year earlier to $282.7...

Shipping snags prompt US firms to mull retreat from China

Aug. 05, 2021 12:04 PM EDT

WASHINGTON (AP) — Game maker Eric Poses last year created The Worst-Case Scenario Card Game, making a wry reference to the way the coronavirus had upended normal life. He had no idea. In a twist that Poses never could have predicted, his game...

US trade deficit hits record $75.7 billion in June

Aug. 05, 2021 09:46 AM EDT

WASHINGTON (AP) — The U.S. trade deficit increased to a record $75.7 billion in June as a rebounding American economy sent demand for imports surging. The Commerce Department reported Thursday that the deficit rose 6.7% from a revised May deficit of $71 billion. The...

Company says expansion will shore up US medical supply chain

Jul. 15, 2021 16:03 PM EDT

WEST COLUMBIA, S.C. (AP) — A South Carolina-based pharmaceutical manufacturer is launching a $100 million expansion, something officials say is part of a broader effort to develop a domestic medical supply chain missing during months-long waits for imported medical materials during the...

China says US measures on Xinjiang threaten global trade

Jul. 15, 2021 06:17 AM EDT

BEIJING (AP) — China’s government rejected U.S. accusations of forced labor in Xinjiang and accused Washington on Thursday of hurting global trade after lawmakers endorsed import curbs and American companies were warned they face legal risks if they do business with the region. ...

Sri Lanka economy in crisis as debt mounts, reserves dwindle

Jul. 14, 2021 00:08 AM EDT

COLOMBO, Sri Lanka (AP) — Sri Lanka has cut back on imports of farm chemicals, cars and even its staple spice turmeric as its foreign exchange reserves dwindle, hindering its ability to repay a mountain of debt as the South Asian island nation struggles to recover from the pandemic. ...

UK government urged to hold China 'to account' over Uyghurs

Jul. 07, 2021 19:06 PM EDT

LONDON (AP) — The British government should back a political boycott of the 2022 Winter Olympics in Beijing to pressure the Chinese government over the “genocide” of Uyghurs and other ethnic groups in the northwest province of Xinjiang, an influential group of lawmakers said Thursday. ...