Latest International trade News

China has more weapons in US tariff war - but do they work?

May. 23, 2019 8:34 AM EDT

BEIJING (AP) — Looking for ways to hit back at Washington as a tariff fight escalates, President Xi Jinping and his economy czar visited a Chinese factory that processes rare earths - exotic minerals used in electric cars, mobile phones and other technology. Rare earths are "an important strategic...

China says door open to trade talks, but slams tech controls

May. 23, 2019 7:56 AM EDT

BEIJING (AP) — China held the door open to resuming talks in the tariff war with Washington on Thursday, but lashed out at limits on access to key technologies that it said might hurt global supply chains. Foreign Ministry spokesman Lu Kang said China hopes to restart the talks that broke down earlier this...

World shares sink as US-China spat takes center stage

May. 23, 2019 7:20 AM EDT

SINGAPORE (AP) — World stock markets fell sharply Thursday as traders focused on tensions between the U.S. and China and braced for the impact of their tariff hikes. Private surveys, meanwhile, showed continued weakness in the eurozone economy in May, with a slowdown in manufacturing and services. France's...

The Latest: Official: Beijing open to trade talks with US

May. 23, 2019 6:13 AM EDT

BEIJING (AP) — The Latest on trade tensions between the United States and China (all times local): 6:10 p.m. China's foreign ministry says the country is open to resuming trade talks with the U.S., but sincerity and mutual respect are needed. Spokesman Lu Kang said Thursday that China hopes for a restart...

Retailers, shoppers could feel more pain if tariffs spread

May. 23, 2019 1:05 AM EDT

NEW YORK (AP) — An escalating trade war between the U.S. and China could mean higher prices on a broad array of products from toys to clothing. But some retailers will be less equipped to handle the pain than others, leaving consumers to carry the load. Analysts say big box giants like Target and Walmart...

Asian shares slip as US-China spat takes center stage

May. 22, 2019 11:36 PM EDT

SINGAPORE (AP) — Asian markets were broadly lower on Thursday as traders focused on tensions between the U.S. and China and braced for the impact of their tariff hikes. The Shanghai Composite index retreated 0.6% to 2,873.70 and Hong Kong's Hang Seng tumbled 1.2% to 27,376.69. The Kospi in South Korea was...

VP Pence: Congress should pass trade deals, not investigate

May. 22, 2019 8:55 PM EDT

MONROE, N.C. (AP) — Vice President Mike Pence says Democrats in Congress need to focus on passing trade agreements that help North Carolina workers, rather than extend what he called unfounded investigations of President Donald Trump. Pence made the comments at a Union County textile plant Wednesday during...

3 minutes: Trump meeting with Democrats goes bust in a flash

May. 22, 2019 7:34 PM EDT

WASHINGTON (AP) — The curtains in the Cabinet Room were drawn. The Democrats were waiting. And President Donald Trump came and went in three minutes, never stopping to sit down or shake hands. Trump's angry walkout on Wednesday left behind a shattered bipartisan infrastructure effort and an escalation of...

How major US stock indexes fared Wednesday

May. 22, 2019 5:18 PM EDT

Stocks ended lower on Wall Street Wednesday, weighed down by mixed corporate earnings from big retailers and uncertainty over the trade dispute between the U.S. and China. Lowe's and Nordstrom slumped on disappointing quarterly results. Target surged after delivering a strong quarterly report. Chipmakers and...

Markets Right Now: Stocks fall as energy, retail stocks drop

May. 22, 2019 4:18 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are closing lower on Wall Street Wednesday as energy companies and retailers bear the brunt of the declines. Lowe's and Nordstrom were among the biggest decliners in the S&P 500 after the companies reported...