Latest Trade barriers News

How US-China trade deal achieved a little but left out a lot

Dec. 13, 2019 5:46 PM EST

WASHINGTON (AP) — The limited trade deal that the Trump administration and Beijing announced Friday means Americans will avoid a holiday tax increase on imported toys, clothing and smartphones. U.S. farmers can sell more soybeans and pork to China. And American companies should face less pressure to hand...

Markets have muted reaction to long-awaited China trade deal

Dec. 13, 2019 5:32 PM EST

Wall Street closed out a listless day Friday with tiny gains and more record highs for the S&P 500 and Nasdaq. The U.S. and China revealed they have reached an initial deal in their long-running trade war. The “Phase 1” agreement means that the U.S. won't impose new tariffs on Chinese goods that...

UK vote eases corrosive uncertainty hurting businesses

Dec. 13, 2019 11:42 AM EST

LONDON (AP) — British businesses that have been hobbled for three years by fear and confusion over Brexit are getting a break. The U.K. election result means Britain's departure from the European Union will almost certainly happen — after multiple delays — on Jan. 31, as scheduled. It remains...

Trump says first phase of trade deal reached with China; US will not impose new tariffs on China on Sunday

Dec. 13, 2019 10:36 AM EST
Trump says first phase of trade deal reached with China; US will not impose new tariffs on China on Sunday.

China deputy trade envoy says China, U.S. have reached trade deal, will reduce punitive tariffs on each other’s goods

Dec. 13, 2019 10:34 AM EST
BEIJING (AP) — China deputy trade envoy says China, U.S. have reached trade deal, will reduce punitive tariffs on each other’s goods.

Pound and stocks jump on UK election, talk of US-China deal

Dec. 13, 2019 6:55 AM EST

BANGKOK (AP) — Stock markets and the British pound rose Friday after Britain's Conservative Party claimed a big win in the country's general election, easing uncertainty over Brexit, and amid talk of a China-U.S. trade deal. The British pound jumped to $1.3470 from $1.3150 late Thursday but then eased back...

China leaders promise to shore up 2020 growth amid trade war

Dec. 13, 2019 12:48 AM EST

BEIJING (AP) — China's leaders are promising to shore up economic growth next year in the face of a tariff war with Washington and to reduce poverty and pollution. Leaders of the ruling Communist Party, in a statement reported Friday by state media, pledged at an annual planning meeting to promote...

Pound jumps on expected Tory win; trade talk lifts shares

Dec. 12, 2019 11:15 PM EST

BANGKOK (AP) — The British pound surged early Friday as exit polls indicated a resounding election victory for Prime Minister Boris Johnson's Conservative Party, as talk of a China-U.S. trade deal buoyed share prices in Asia. The British pound strengthened to $1.3468 from $1.3385 late Thursday as...

US and China near deal that would suspend planned tariffs

Dec. 12, 2019 8:35 PM EST

WASHINGTON (AP) — The Trump administration and China are close to finalizing a modest trade agreement that would suspend tariffs that are set to kick in Sunday, de-escalating their 17-month trade war. A "deal is close,'' said Myron Brilliant, the U.S. Chamber of Commerce's head of international affairs,...

Asian shares mixed as Fed leaves rates unchanged

Dec. 11, 2019 9:58 PM EST

TOKYO (AP) — Asian shares were mixed Thursday, after a wobbly day on Wall Street following the Federal Reserve announcement it would leave interest rates unchanged. Japan's benchmark Nikkei 225 edged up 0.2% in early trading to 23,433.83, while Australia's S&P/ASX 200 lost 0.7% to 6,706.90. South...