Latest Global trade News

This photo combo shows the candidates for the WTO Director-General selection process at the headquarters of the World Trade Organization (WTO) in Geneva, Switzerland, pictured from Wednesday to Friday, July 15 - 17, 2020. Top row form left, Abdel Hamid Mamdouh, of Egypt, Amina Mohamed, of Kenya, Mohammad Maziad Al-Tuwaijri, of Saudi Arabia, and Yoo Myung-hee, of Korea. Bottom row from left,  Liam Fox, of United Kingdom, Tudor Ulianovschi, of Moldova, Ngozi Okonjo-Iweala,of Nigeria and Jesus Seade Kuri, of Mexico. (Martial Trezzini, Salvatore Di Nolfi/Keystone via AP)

Egyptian, Mexican, Moldovan exit in race for top post at WTO

Sep. 18, 2020 6:33 AM EDT

GENEVA (AP) — World Trade Organization member countries on Friday trimmed a list of candidates vying to become the next director-general from eight to five. They ejected applicants from Egypt, Mexico and Moldova who had been hoping to lead a trade body that has become a lightning rod of criticism for the...

President Donald Trump walks on the South Lawn as he arrives at the White House, Monday, Sept. 14, 2020, in Washington from a trip to Phoenix. (AP Photo/Manuel Balce Ceneta)

US tariffs on China are illegal, says world trade body

Sep. 15, 2020 3:03 PM EDT

GENEVA (AP) — A World Trade Organization panel ruled Tuesday that Trump administration tariffs on $200 billion worth of Chinese goods are illegal, vindicating Beijing even if the United States has all but incapacitated the WTO's ability to hand down a final, binding verdict. The decision marks the first...

World Trade Organization rules that Trump administration tariffs on Chinese goods worth over $200 billion are illegal

Sep. 15, 2020 10:15 AM EDT
GENEVA (AP) — World Trade Organization rules that Trump administration tariffs on Chinese goods worth over $200 billion are illegal.
European Commission President Ursula von der Leyen during an online press conference with European Council President Charles Michel and German Chancellor Angela Merkel following an EU-China virtual summit at the European Council building in Brussels, Monday, Sept. 14, 2020. Michel, Merkel and Von der Leyen had talks in a videoconference with China's President Xi Jinping. (Yves Herman/Pool Photo via AP)

EU presses China on market access, human rights

Sep. 14, 2020 2:03 PM EDT

BRUSSELS (AP) — The European Union on Monday urged China to further open its markets up to European companies and prove that it really does want to secure an investment agreement this year with the bloc, its largest trading partner. After a two-hour video conference, German Chancellor Angela Merkel, EU...

FILE - In this Wednesday, Aug. 7, 2019 file photo, President Donald Trump takes a question from a member of the media on the South Lawn of the White House in Washington before boarding Marine One. On Friday, Sept. 11, 2020, The Associated Press reported on a video circulating online incorrectly depicting Trump lost and meandering around the White House lawn. The original Aug. 7, 2019 video clip, available on C-SPAN, was edited to make it appear the president is experiencing dementia symptoms ahead of the election. (AP Photo/Andrew Harnik)

NOT REAL NEWS: A look at what didn't happen this week

Sep. 11, 2020 4:08 PM EDT

A roundup of some of the most popular but completely untrue stories and visuals of the week. None of these are legit, even though they were shared widely on social media. The Associated Press checked them out. Here are the facts: ___ CLAIM: A total of 19,888 fake driver’s licenses that were made in China...

UN: Global tourism lost $320 billion in 5 months from virus

Aug. 25, 2020 2:07 AM EDT

UNITED NATIONS (AP) — The tourism global industry has been devastated by the coronavirus pandemic, with $320 billion lost in exports in the first five months of the year and more than 120 million jobs at risk, the U.N. chief said Tuesday. Secretary-General Antonio Guterres said in a policy briefing and...

FILE - In this July 15, 2020, file photo, visitors wearing masks to curb the spread of the coronavirus look at the latest products at a Huawei store in Beijing. China accused Washington of damaging global trade with sanctions that threaten to cripple tech giant Huawei and said Tuesday it will protect Chinese companies but gave no indication of possible retaliation. (AP Photo/Ng Han Guan, File)

China says US damaging global trade with Huawei sanctions

Aug. 18, 2020 7:17 AM EDT

BEIJING (AP) — China accused Washington of damaging global trade with sanctions that threaten to cripple tech giant Huawei and said Tuesday it will protect Chinese companies but gave no indication of possible retaliation. Rules confirmed Monday by the Commerce Department block suppliers from using U.S....

South Korea-Japan trade fight moves to global dispute panel

Jul. 29, 2020 10:18 AM EDT

GENEVA (AP) — World Trade Organization members on Wednesday created a dispute panel to rule on a complaint by South Korea against Japan over restrictions on exports to Korea of products used in semiconductors, mobile phone displays and television displays. Tokyo said it was “deeply...

U.S. President Donald Trump, center, walks by French President Emmanuel Macron, left, and German Chancellor Angela Merkel, right, prior to a group photo of NATO leaders during a NATO leaders meeting at The Grove hotel and resort in Watford, Hertfordshire, England, Wednesday, Dec. 4, 2019. France has avoided echoing Trump’s criticism of Beijing’s handling of the coronavirus, but legislators applauded Foreign Minister Jean-Yves Le Drian last week when he condemned abuses of minority Uighurs in China’s northwest. (AP Photo/Francisco Seco, FIle)

US-China spats rattle world, prompting calls for unity

Jul. 28, 2020 7:46 AM EDT

BEIJING (AP) — Antagonisms between the United States and China are rattling governments around the world, prompting a German official to warn of “Cold War 2.0” and Kenya’s president to appeal for unity to fight the coronavirus pandemic. Global trade already was depressed by the...

FILE - In this June 17, 2015 file photo, an Airbus A350 performs a demonstration flight at the Paris Air Show, in Le Bourget airport, north of Paris. European planemaker Airbus says it is taking the last step to end 16 years of litigation with the United States at the World Trade Organization. The manufacturer said it will end a system of financial support from France and Spain that the WTO had deemed illegal and unfair to rival Boeing. The Trump administration used the case as justification to slap tariffs on $7.5 billion worth of European exports. (AP Photo/Francois Mori, File)

Airbus moves to end 16 years of litigation, end US tariffs

Jul. 24, 2020 6:31 AM EDT

European planemaker Airbus says it is taking the last step to end 16 years of litigation with the United States at the World Trade Organization over subsidies. The manufacturer said it will end a system of financial support from France and Spain that the WTO had deemed illegal and unfair to rival Boeing. The...