Latest International trade News

German exports rise in October, defying expectations

Dec. 9, 2019 3:32 AM EST

BERLIN (AP) — German exports posted a second consecutive month-on-month increase in October, defying economists' expectations of a slight decline. The Federal Statistical Office said Monday that exports rose 1.2% compared with the previous month. That followed a 1.5% increase in September. In year-on-year...

North Korea opens mountain spa, ski resort in tourism push

Dec. 9, 2019 3:07 AM EST

SEOUL, South Korea (AP) — North Korean leader Kim Jong Un opened a new mountain spa and ski resort that's intended for people to enjoy “high civilization under socialism” in another example of the country using tourism exemptions in sanctions to build revenue for its broken economy. Kim cut...

Recent developments surrounding the South China Sea

Dec. 9, 2019 12:54 AM EST

BEIJING (AP) — A look at recent developments in the South China Sea, where China is pitted against smaller neighbors in multiple territorial disputes over islands, coral reefs and lagoons. The waters are a major shipping route for global commerce and are rich in fish and possible oil and gas reserves. ...

Asian shares rise after buying mood on Wall Street ends week

Dec. 9, 2019 12:18 AM EST

TOKYO (AP) — Asian shares were mostly higher Monday, cheered by a wave of buying late last week on Wall Street that was spurred by strong U.S. jobs numbers and optimism over China-U.S. trade. Japan's benchmark Nikkei 225 edged up 0.4% in early trading to 23,439.13, while Australia's S&P/ASX 200 added...

America’s influence, once so dominant, waning under Trump

Dec. 8, 2019 1:17 PM EST

It’s whispered in NATO meeting rooms and celebrated in China’s halls of power. It’s lamented in the capital cities of key U.S. allies and welcomed in the Kremlin. Three years into Donald Trump’s presidency, America’s global influence is waning. In interviews with The Associated...

Michigan farmers, lawmakers seek tariff on Turkish cherries

Dec. 8, 2019 10:58 AM EST

DETROIT (AP) — Michigan farmers and lawmakers want the federal government to impose a hefty tariff on dried tart cherries imported from Turkey, arguing that a subsidy on the fruit is impeding American farmers' ability to compete. Cherry companies from Michigan and Utah on Tuesday asked the U.S. Commerce...

China's trade with US sinks in November amid tariff war

Dec. 8, 2019 5:22 AM EST

BEIJING (AP) — China's trade with the United States sank again in November as negotiators worked on the first stage of a possible deal to end a tariff war. Exports to the United States fell 23% from a year earlier to $35.6 billion, customs data showed Sunday. Imports of American goods were off 2.8% at $11...

Reddit bans accounts, suspects possible UK vote interference

Dec. 7, 2019 12:01 PM EST

LONDON (AP) — The prospect of Russian interference in Britain's election flared anew Saturday after the social media platform Reddit concluded that people from Russia leaked confidential British government documents on Brexit trade talks just days before the general U.K. vote. Reddit said in a statement...

Q&A: Does a manufacturing slump threaten the US economy?

Dec. 7, 2019 10:52 AM EST

WASHINGTON (AP) — Defying fears and predictions, the U.S. economy is still shrugging off President Donald Trump’s trade conflicts. Employers added a sizzling 266,000 jobs in November, and unemployment matched a 50-year low of 3.5% — all while the Trump administration is waging a bruising...

Impeachment collides with funding deadline, testing Congress

Dec. 7, 2019 9:28 AM EST

WASHINGTON (AP) — The impeachment drama is dominating Washington, but leading figures such as House Speaker Nancy Pelosi still have their day jobs to do. The California Democrat faces a testing over the next two weeks, toggling between the impeachment of President Donald Trump and past-ripe issues...