Latest International trade News

'Crisis of trust': France bristles at US submarine deal

Sep. 20, 2021 18:33 PM EDT

UNITED NATIONS (AP) — France’s top diplomat declared Monday that there is a “crisis of trust” in the United States after a Pacific defense deal stung France and left Europe wondering about its longtime ally across the Atlantic. France canceled meetings with...

India to resume exports of coronavirus vaccines in October

Sep. 20, 2021 08:45 AM EDT

NEW DELHI (AP) — India, the world's largest vaccine producer, will resume exports and donations of surplus coronavirus vaccines in October after halting them during a devastating surge in domestic infections in April, the health minister said Monday. Mansukh Mandaviya...

France, Australia agree submarine row won't stop trade deal

Sep. 20, 2021 08:07 AM EDT

CANBERRA, Australia (AP) — French and Australian officials said Monday that France’s anger over a canceled submarine contract will not derail negotiations on an Australia-European Union free trade deal. France withdrew its ambassadors to the United States and...

India says it will resume exports of surplus coronavirus vaccines in October

Sep. 20, 2021 07:19 AM EDT
NEW DELHI (AP) — India says it will resume exports of surplus coronavirus vaccines in October.

Pelosi warns UK not to imperil N Ireland peace with Brexit

Sep. 17, 2021 07:16 AM EDT

LONDON (AP) — House of Representatives Speaker Nancy Pelosi warned Britain on Friday that there will be no U.S.-U.K. trade deal unless the British government solves post-Brexit disagreements with the European Union that risk destabilizing Northern Ireland’s peace. ...

China applies to join Pacific trade pact abandoned by Trump

Sep. 17, 2021 00:06 AM EDT

BEIJING (AP) — China has applied to join an 11-nation Asia-Pacific free trade group in an effort to increase its influence over international policies. Commerce Minister Wang Wentao submitted an application to the trade minister of New Zealand as a representative of the...

EU unveils Indo-Pacific strategy, tries to allay China fears

Sep. 16, 2021 09:57 AM EDT

BRUSSELS (AP) — The European Union on Thursday unveiled a new strategy for boosting economic, political and defense ties in the Indo-Pacific, just hours after the United States, Britain and Australia announced a new security alliance likely to reshape their relations with the vast region. ...

Marks & Spencer blames Brexit for store closures in France

Sep. 16, 2021 07:43 AM EDT

LONDON (AP) — British retailer Marks & Spencer said Thursday that it will close 11 of its stores in France, mainly in Paris, as a result of fresh and chilled food supply issues related to Britain's departure from the European Union. The group blamed Brexit...

Japan exports slow as supply chain hiccups hit factories

Sep. 16, 2021 00:11 AM EDT

Japan’s exports rose 26% in August from a year earlier, preliminary data released Thursday showed, below analysts’ forecasts, as supply chain disruptions hit manufacturers. The 6.6 trillion yen ($60 billion) in exports compared with 5.2 trillion yen a year earlier,...

UK's Johnson replaces foreign secretary in Cabinet shake-up

Sep. 15, 2021 13:23 PM EDT

LONDON (AP) — British Prime Minister Boris Johnson demoted his top diplomat and fired his education minister in a major government shakeup Wednesday, as he tried to move on from a series of political missteps and revive his promise to “level up” prosperity across the U.K. ...