Latest Global trade News

China seeks $2.4 billion in penalties against US at WTO

Oct. 21, 2019 10:49 AM EDT

BERLIN (AP) — China is asking the World Trade Organization for the right to impose $2.4 billion in annual penalties on the United States in a case over Chinese subsidies dating back years. A document published Monday showed China has called for the matter to be considered by the WTO's Dispute Settlement...

AP FACT CHECK: Trump exaggerates scope of cease-fire deal

Oct. 21, 2019 6:07 AM EDT

WASHINGTON (AP) — As President Donald Trump describes it, the U.S. swooped into an intractable situation in the Middle East, achieved an agreement within hours that had eluded the world for years and delivered a "great day for civilization." It was a mission-accomplished moment that other Republican...

AP FACT CHECK: Trump's Syrian mission-accomplished moment

Oct. 19, 2019 10:47 PM EDT

WASHINGTON (AP) — As President Donald Trump describes it, the U.S. swooped into an intractable situation in the Middle East, achieved an agreement within hours that had eluded the world for years and delivered a "great day for civilization." It was a mission-accomplished moment that other Republican...

Finance officials pledge to combat global economic slowdown

Oct. 19, 2019 3:42 PM EDT

WASHINGTON (AP) — Global finance officials wrapped up their fall meetings on Saturday with a pledge to "employ all appropriate tools" to combat the weakest global growth in a decade, but there was little evidence of progress in easing trade tensions, a major source of the slowdown. The policy-setting...

IMF, World Bank leaders appeal for an end to trade wars

Oct. 18, 2019 3:06 PM EDT

WASHINGTON (AP) — The leaders of the International Monetary Fund and the World Bank appealed to their 189 member countries on Friday to resolve widening disagreements on trade and other issues, warning that the divisions threaten to worsen the impact of a global slowdown. The IMF's managing director,...

IMF head says more needed to boost growth than US-China deal

Oct. 17, 2019 6:56 PM EDT

WASHINGTON (AP) — The International Monetary Fund's new leader said Thursday that a trade truce between the United States and China could trim expected losses to the world economy but won't be enough to produce strong global growth. Before last week's tentative trade agreement, the IMF had estimated that...

Europe's specialty food makers brace for US tariffs

Oct. 17, 2019 12:25 PM EDT

MILAN (AP) — European producers of specialty agricultural products like French wine, Italian Parmesan and Spanish olives are facing a U.S. tariff hike due Friday with a mix of trepidation and indignation at being dragged into a trade war they feel they have little to do with. The tariffs on $7.5 billion...

Trump boasts that US would win tariff war with Europe

Oct. 16, 2019 3:10 PM EDT

WASHINGTON (AP) — President Donald Trump voiced confidence Wednesday that the U.S. could not lose a tariff war with the European Union as the U.S. prepares to impose trade sanctions on up to $7.5 billion worth of EU goods. The Trump administration plans to impose punitive tariffs starting Friday following...

Macron and Merkel try to showcase unity as Brexit looms

Oct. 16, 2019 3:03 PM EDT

TOULOUSE, France (AP) — President Emmanuel Macron and Chancellor Angela Merkel sought Wednesday to show unity at a meeting in southern France, as the European Union and Britain appeared close to a tentative Brexit deal. "We must show that ... we, Europeans, Germany and France in particular, are defending...

China tempers hopes about US tariff truce

Oct. 15, 2019 6:23 AM EDT

BEIJING (AP) — A truce in a U.S.-Chinese tariff war and Beijing's promises to open more of its state-dominated economy are raising investor hopes. But Beijing is trying to temper expectations, while companies express frustration over the halting pace of market-opening. The China Daily, an English-language...