Latest Global trade News

Port of Savannah is moving record-breaking volumes of cargo

Jul. 26, 2021 19:18 PM EDT

SAVANNAH, Ga. (AP) — The Port of Savannah is now moving record-breaking volumes of cargo. For the first time ever, the Port of Savannah has moved 5.3 million 20-foot equivalent container units in a fiscal year, Georgia Ports announced Monday. That means it has grown its...

Biden bids Merkel farewell: Friends — with disagreements

Jul. 15, 2021 21:15 PM EDT

WASHINGTON (AP) — Welcoming Angela Merkel to the White House for a final time, President Joe Biden renewed his concerns to the German chancellor Thursday about a major, nearly complete Russia-to-Germany gas pipeline but said they agreed Russia must not be allowed to use energy as a weapon. ...

China says US measures on Xinjiang threaten global trade

Jul. 15, 2021 06:17 AM EDT

BEIJING (AP) — China’s government rejected U.S. accusations of forced labor in Xinjiang and accused Washington on Thursday of hurting global trade after lawmakers endorsed import curbs and American companies were warned they face legal risks if they do business with the region. ...

China slams Yellen's call for US-European 'unified front'

Jul. 13, 2021 20:30 PM EDT

BEIJING (AP) — China on Tuesday denounced an appeal by Treasury Secretary Janet Yellen for a U.S.-European “unified front” against Chinese “unfair economic practices” and human rights abuses. “China strongly deplores and rejects Treasury Secretary Yellen’s...

China's June exports surge 32%, import growth slows

Jul. 13, 2021 02:03 AM EDT

BEIJING (AP) — China’s exports surged in June while import growth slowed to a still-robust level as its economic rebound from the coronavirus leveled off. Exports rose 32.2% from a year earlier to $281.4 billion, accelerating from May’s 28% growth, customs data...

Amsterdam mayor apologizes for city fathers' role in slavery

Jul. 01, 2021 09:54 AM EDT

AMSTERDAM (AP) — The mayor of Amsterdam apologized Thursday for the extensive involvement of the Dutch capital's former governors in the global slave trade, saying the moment had come for the city to confront its grim history. Debate about the role of Amsterdam’s city...

The Latest: Pro-Navalny protest in Geneva on eve of summit

Jun. 15, 2021 16:17 PM EDT

The Latest on U.S. President Joe Biden's trip to Europe: GENEVA — A few dozen supporters of jailed Russian opposition leader Alexey Navalny have staged a colorful, cheeky rally in Geneva, in the hope of sending a message to Russian President Vladimir Putin ahead of his...

The Latest: Pot-for-shots plan stumbles in Washington state

Jun. 09, 2021 21:02 PM EDT

SEATTLE — Washington state’s new “joints for jabs” vaccination incentive program is off to a rough start. Seeking to get more people to get the coronavirus shots, officials announced this week that the state’s nearly 500 licensed marijuana retailers could begin...

WTO to intensify talks on easing access to COVID-19 vaccines

Jun. 09, 2021 11:20 AM EDT

GENEVA (AP) — World Trade Organization member nations agreed Wednesday to intensify talks geared at improving access to COVID-19 products, as developing nations push for a proposal to ease patents and other intellectual property protections for coronavirus vaccines and some wealthier...

Australia says WTO should punish Chinese economic coercion

Jun. 09, 2021 06:11 AM EDT

CANBERRA, Australia (AP) — The World Trade Organization should penalize “bad behavior when it occurs,” Australia's prime minister said Wednesday ahead of a Group of Seven leaders’ meeting in Britain where he hopes to garner support in a trade dispute with China. ...