Latest Global trade News

EU to boost measures to protect trade after WTO impasse

Dec. 12, 2019 5:37 AM EST

BRUSSELS (AP) — The European Union says it is taking measures to protect its trade interests in the ongoing row with the United States over the shutdown of the World Trade Organization's appellate body. EU trade chief Phil Hogan said Thursday that the 28-nation bloc “cannot afford being defenseless...

World shares mixed on reports Trump might delay tariff hike

Dec. 11, 2019 7:48 AM EST

BEIJING (AP) — Global markets were mixed Wednesday following reports that President Donald Trump's advisers were preparing for a possible delay in a weekend tariff hike on Chinese goods. Investors also had their eyes on central bank meetings in Europe and the U.S. The German index in Frankfurt rose in...

How major US stock indexes fared Tuesday

Dec. 10, 2019 4:58 PM EST

Stocks edged lower as a deadline approached for trade talks between Washington and Beijing. A new round of US tariffs are scheduled to take effect on Chinese goods Sunday, the latest escalation in a trade dispute that has dragged on economies around the world. Media reports suggested the US may delay the tariffs...

World trade without rules? US shuts down WTO appeals court

Dec. 10, 2019 12:27 PM EST

GENEVA (AP) — Global commerce will lose its ultimate umpire Tuesday, leaving countries unable to reach a final resolution of disputes at the World Trade Organization and instead facing what critics call “the law of the jungle.’’ The United States, under a president who favors a...

World trade without rules? US shuts down WTO appeals court

Dec. 9, 2019 5:55 PM EST

GENEVA (AP) — Global commerce will lose its ultimate umpire Tuesday, leaving countries unable to reach a final resolution of disputes at the World Trade Organization and instead facing what critics call “the law of the jungle.’’ The United States, under a president who favors a...

US firms keep hiring, easing worries of weakening economy

Dec. 6, 2019 5:45 PM EST

WASHINGTON (AP) — American businesses have complained for years that they can’t find the workers they need to fill available jobs. November’s robust hiring gain suggests that at least some have found a way to do so. With the unemployment rate now at a half-century low of 3.5%, many economists...

AP FACT CHECK: Trump's misstatements at NATO summit

Dec. 3, 2019 5:41 PM EST

WASHINGTON (AP) — President Donald Trump on Tuesday wholly misrepresented the U.S. record on international trade disputes, incorrectly accused House Democrats of denying him lawyers in impeachment proceedings and dismissed as a mysterious “rumor” his own statement from months ago about...

WTO panel: EU fails to end illegal subsidies for Airbus

Dec. 2, 2019 6:02 PM EST

GENEVA (AP) — A World Trade Organization panel ruled Monday that the European Union has not complied with an order to end illegal subsidies for plane-maker Airbus, which prompted the Trump administration to impose tariffs on nearly $7.5 billion worth of EU goods in October. In its ruling, a WTO compliance...

Thai court fines Philip Morris $39.7 million for tax evasion

Nov. 29, 2019 6:20 AM EST

BANGKOK (AP) — A court in Thailand on Friday found the local unit of tobacco giant Philip Morris guilty of evading taxes by under-declaring the value of cigarettes it imported from the Philippines. It ordered the company to pay a fine of 1.2 billion baht ($39.7 million). The Criminal Court found Philip...

Impact of WTO protests in Seattle still felt 2 decades later

Nov. 29, 2019 1:10 AM EST

SEATTLE (AP) — Nancy Haque worried about the conditions in sweatshops around the world. For Lynne Dodson, it was the possibility of attacks on public education. The plight of imperiled sea turtles got Lisa Wathne. An array of issues brought tens of thousands of protesters to Seattle 20 years ago Saturday,...