Latest Global trade News

Democratic presidential candidate former Vice President Joe Biden speaks at McGregor Industries in Dunmore, Pa., Thursday, July 9, 2020. (AP Photo/Matt Slocum)

Biden pledges New Deal-like economic agenda to counter Trump

Jul. 9, 2020 9:08 PM EDT

DUNMORE, Pa. (AP) — Democrat Joe Biden turned his campaign against President Donald Trump toward the economy Thursday, introducing a New Deal-like economic agenda while drawing a sharp contrast with a billionaire incumbent he said has abandoned working-class Americans amid cascading crises. The former...

Saudi, Briton join race for top WTO post ahead of deadline

Jul. 8, 2020 2:58 PM EDT

GENEVA (AP) — Britain and Saudi Arabia put forward late entries Wednesday for the contest to become the next director-general of the World Trade Organization, joining six others hoping to lead the Geneva-based trade body that has faced scorn and pressure from the Trump administration. The candidacies came...

FILE - In this file photo taken May 23, 2019, and released by the U.S. Embassy in Beijing, U.S. Ambassador to China Terry Branstad, left, speaks with a monk at the Jokhang Temple in Lhasa in western China's Tibet Autonomous Region. China said Wednesday, Jul 8, 2020, it will impose visa restrictions on U.S. individuals following the Trump administration's imposition of travel bans on Chinese officials it accuses of restricting foreigners' access to Tibet. (U.S. Mission to China via AP, File)

China threatens visa restrictions on US officials over Tibet

Jul. 8, 2020 6:10 AM EDT

BEIJING (AP) — China said Wednesday it will impose visa restrictions on U.S. individuals following the Trump administration’s imposition of travel bans on Chinese officials it accuses of restricting foreigners’ access to Tibet. Chinese Foreign Ministry spokesperson Zhao Lijian said the move...

FILE - In this May 11, 2020 file photo, a container ship is docked at Maher Terminals in Elizabeth, N.J. The U.S. trade deficit rose for the third straight month in May. Both exports and imports fell as the coronavirus outbreak continued to take a toll on world commerce. The Commerce Department said Thursday, July 2 that the gap between the United States buys and what it sells abroad rose 9.7% in May to $54.6 billion, highest since December 2018. (AP Photo/Mark Lennihan, File)

US trade deficit rises 9.7% in May to $54.6 billion

Jul. 2, 2020 9:28 AM EDT

WASHINGTON (AP) — The U.S. trade deficit rose for the third straight month in May. Both exports and imports fell as the coronavirus outbreak continued to take a toll on world commerce. The Commerce Department said Thursday that the gap between the goods and services the United States buys and what it sells...

A Bharatiya Janata Party activist burns a photograph of Chinese President Xi Jinping during a protest in Jammu, India, Wednesday, July.1, 2020. Indian TikTok users awoke Tuesday to a notice from the popular short-video app saying their data would be transferred to an Irish subsidiary, a response to India's ban on dozens of Chinese apps amid a military standoff between the two countries. The quick workaround showed the ban was largely symbolic since the apps can’t be automatically erased from devices where they are already downloaded, and is a response to a border clash with China where 20 Indian soldiers died earlier this month, digital experts said. (AP Photo/Channi Anand)

China accuses India of targeting Chinese imports after clash

Jul. 2, 2020 5:35 AM EDT

BEIJING (AP) — China accused India on Thursday of improperly disrupting activities by Chinese companies in the midst of tensions over a bloody clash between forces along their disputed border. China has not taken any retaliatory measures in response to India’s actions and a return to normal is in...

FILE - This March 25, 2020, file photo shows a small load of pollack being sorted as it comes off a boat at the Portland Fish Exchange in Portland, Maine. The amount of commercial fishing taking place worldwide has dipped since the start of the coronavirus pandemic, but scientists and conservation experts say it's unclear if the slowdown will help jeopardized species of sea life to recover. (AP Photo/Robert F. Bukaty)

Worldwide slowdown in fishing unlikely to save rare species

Jun. 29, 2020 1:12 PM EDT

PORTLAND, Maine (AP) — Commercial fishing taking place worldwide has dipped since the start of the coronavirus pandemic, but scientists and conservation experts say it's unclear if the slowdown will help endangered species of marine life recover. Hours logged by fishermen at sea fell by nearly 10% around...

European Council President Charles Michel, right, and European Commission President Ursula von der Leyen participate in a media conference at the conclusion of an EU-China summit, in video conference format, at the European Council in Brussels, Monday, June 22, 2020. Top European Union officials held talks Monday with Chinese President Xi Jinping and Premier Li Keqiang at a time of rising tensions between two major trading partners over the fallout from the coronavirus crisis and Beijing's increasing control over Hong Kong. (Yves Herman, Pool Photo via AP)

EU urges China to move on trade, back off in Hong Kong

Jun. 22, 2020 1:06 PM EDT

BRUSSELS (AP) — Top European Union officials on Monday pressed China’s leaders to open the country’s markets further to European companies, show stronger leadership in reforming world trade’s governing body and step back from the brink in Hong Kong. With criticism mounting that the EU...

U.S. Trade Representative Robert Lighthizer takes off his mask as he arrives at a Senate Finance Committee hearing on U.S. trade on Capitol Hill, Wednesday, June 17, 2020, in Washington. (AP Photo/Andrew Harnik, Pool)

US seeks lower tariffs overseas, fewer duty-free imports

Jun. 17, 2020 3:42 PM EDT

WASHINGTON (AP) — The Trump administration plans to carry on with its confrontational approach to world trade, pressuring other countries to lower their tariffs on U.S. products and perhaps making it harder for imports to enter the United States duty free. In testimony before Congress Wednesday, U.S. Trade...

FILE - This July 8, 2019, file photo, shows cars to be exported at Kawasaki port, near of Tokyo. Japan’s exports sank 28% in May, 2020, while imports dropped 26% as the coronavirus pandemic slammed global trade. (AP Photo/Koji Sasahara, File)

Japan's exports, imports sank in May amid pandemic fallout

Jun. 16, 2020 10:48 PM EDT

TOKYO (AP) — Japan’s exports sank 28% in May, while imports dropped 26% as the coronavirus pandemic slammed global trade. The provisional Ministry of Finance data, released Wednesday, showed May was the second straight month Japan recorded a trade deficit. Japan has historically been criticized...

Schalke's Weston McKennie gives an interview beside the pitch with distance to the camera after the German Bundesliga soccer match between Borussia Dortmund and Schalke 04 in Dortmund, Germany, Saturday, May 16, 2020. The German Bundesliga becomes the world's first major soccer league to resume after a two-month suspension because of the coronavirus pandemic. (AP Photo/Martin Meissner, Pool)

World Trade Organization: Saudis facilitated sports piracy

Jun. 16, 2020 6:23 PM EDT

Saudi Arabia facilitated sports broadcasting piracy by blocking moves to shut it down, the World Trade Organization said in a ruling Tuesday that throws new doubts on the kingdom's takeover of English Premier League club Newcastle. The WTO's findings is the latest salvo in a long-running dispute over the...