Latest International trade News

Anti Brexit campaigner Steve Bray demonstrates outside Parliament in London, Wednesday, Jan. 15, 2020. Britain is due to leave the European Union on Jan. 31. (AP Photo/Kirsty Wigglesworth)

UK treasury chief: Some businesses may hurt after Brexit

Jan. 18, 2020 4:12 PM EST

LONDON (AP) — The British government has announced plans for special events on the night of Jan. 31 when the country officially leaves the European Union but the country's treasury chief has admitted that some U.K. business sectors will suffer as a result. Sajid Javid told the Financial Times in an...

FILE - In this Feb. 26, 2011 file photo, a Libyan oil worker, works at a refinery inside the Brega oil complex, in Brega, eastern Libya.  ON Saturday, Jan. 18, 2020, the National Oil Corporation in Libya says that a decision by east-based forces to choke off oil exports from its territory has threatened to throttle much of the country’s oil production. Powerful tribal groups loyal to Gen. Khalifa Hifter, whose forces control much of eastern Libya, seized several large export terminals along the eastern coast as well as southern oil fields in a challenge to the rival U.N.-backed government based in Tripoli, which collects revenues from oil production. The move has ratcheted up tensions ahead of an international peace summit to end the civil war. (AP Photo/Hussein Malla, File)

Libya's eastern-based forces move to halt oil exports

Jan. 18, 2020 3:58 PM EST

BENGHAZI, Libya (AP) — A move by Libya's east-based forces to choke off oil exports from its territory threatens to throttle much of the country’s oil production, the national oil corporation said Saturday, escalating tensions ahead of an international peace summit to end the civil war. Powerful...

Winemakers wary of impending tariffs

Jan. 18, 2020 10:02 AM EST

SALEM, Ore. (AP) — Most years, January is a month of glory for the wine industry — celebrating the harvest and holiday sales of the previous year and gearing up for the next season. But for U.S. winemakers, January 2020 is a time of panic as the industry girds itself for the Trump...

In this Jan. 15, 2020, photo, President Donald Trump hands a pen to Chinese Vice Premier Liu He after signing

AP FACT CHECK: Trump's compulsive claims of 'biggest' ever

Jan. 18, 2020 8:11 AM EST

WASHINGTON (AP) — Size matters to President Donald Trump. So much that he exaggerates continually, sometimes spectacularly, the size of what he does. Just as his tax cuts are far from the biggest in history, the economy isn't the best ever and his election victory in 2016 was no landslide of historic...

FILE - In this Jan. 10, 2020, file photo trader Gregory Rowe works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Friday, Jan. 17 (AP Photo/Richard Drew, File)

Tech, communications stocks push US indexes to more records

Jan. 17, 2020 5:05 PM EST

Wall Street capped a milestone-setting week Friday with a few more as modest gains nudged the major stock indexes to all-time highs. The benchmark S&P 500 index also notched its second-straight weekly gain. Technology stocks powered much of the market's broad gains, along with communication services companies...

FILE - In this May 14, 2019 file photo, a Cosco Shipping container ship passes the Golden Gate Bridge in San Francisco bound for the Port of Oakland. For major shipping companies dealing with trade wars and a slowing global growth, conditions appear to have deteriorated as 2019 came to a close.  Global shipping and logistics provider Expeditors International said Friday, Jan. 17, 2020 that it expects fourth quarter operating income to fall between $177 million and $183 million.  (AP Photo/Eric Risberg, File)

For some major US shippers, 2019 ended on a sour note

Jan. 17, 2020 1:19 PM EST

For major shipping companies dealing with trade wars and slowing global growth, conditions appear to have deteriorated for some as 2019 came to a close. Global shipping and logistics provider Expeditors International said Friday that it expects fourth quarter operating income to fall between $177 million and...

In this Jan. 3, 2020, photo, workers make sneakers in a factory in Jinjiang city in southeastern China's Fujian province. China’s economic growth sank to a new multi-decade low of 6.1% in 2019 as consumer demand weakened and Beijing fought a trade war with Washington. Government data Friday, Jan. 17, showed growth was down from 2018’s 6.6%, already the lowest since 1990. Economic growth in the three months ending in December held steady at the previous quarter’s level of 6%. (Chinatopix Via AP)

China's 2019 economic growth weakens amid trade war

Jan. 17, 2020 12:10 PM EST

BEIJING (AP) — China’s economic growth sank to a new multi-decade low in 2019 as Beijing fought a tariff war with Washington, but forecasters said a U.S.-Chinese trade truce might help to revive consumer and business activity. The world’s second-largest economy grew by 6.1%, down from...

FILE - In this Jan. 10, 2020, file photo specialist Meric Greenbaum, center, works at his post on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Thursday, Jan. 16. (AP Photo/Richard Drew, File)

Global stocks inspired by US rally, hopes for Chinese growth

Jan. 17, 2020 7:54 AM EST

Global stocks rose Friday, seemingly buoyed by high spirits on Wall Street, as new data suggested China's economic slowdown may have stabilized and Washington and Beijing signed a trade deal. European indexes were broadly higher, while markets in Shanghai, Tokyo and Hong Kong closed with gains, after the U.S.'s...

-FILE- In this Friday, April 20, 2018 file image fields of flowers are left to bloom to cultivate the bulbs around spring garden de Keukenhof in Lisse, west central Netherlands. Dutch agriculture exports rose 4.6% in 2019 from the previous year to a new record of 94.5 billion euros ($105.2 billion), the country's statistics office and an economic research organization said Friday, Jan. 17, 2020. Flowers, plants and bulbs were the highest value exports, totaling 9.5 billion euros. (AP Photo/Peter Dejong, File)

Sales of flowers, pork push Dutch farm exports to new record

Jan. 17, 2020 5:24 AM EST

THE HAGUE, Netherlands (AP) — Dutch agriculture exports rose 4.6% in 2019 from the previous year to a new record of 94.5 billion euros ($105.2 billion), the country's statistics office and a research organization said Friday. In this country famous for its colorful fields of tulips, horticultural products...

UN: Global economic growth in 2019 was lowest of the decade

Jan. 16, 2020 7:37 PM EST

UNITED NATIONS (AP) — The global economy recorded its lowest growth of the decade in 2019, falling to 2.3% as a result of protracted trade disputes and a slowdown in domestic investment, the United Nations said Thursday. The U.N.'s annual report, the World Economic Situation and Prospects 2020, forecast a...