Latest International trade News

Global stocks sink ahead of US tariff deadline

Dec. 10, 2019 8:14 AM EST

BEIJING (AP) — Stock markets around the world fell sharply Tuesday as nervous investors watched a rapidly approaching deadline for more U.S. tariffs on Chinese imports. Markets also have their eyes on American and European interest rate decisions coming this week and the outcome of Britain's general...

World trade without rules? US shuts down WTO appeals court

Dec. 10, 2019 7:12 AM EST

GENEVA (AP) — Global commerce will lose its ultimate umpire Tuesday, leaving countries unable to reach a final resolution of disputes at the World Trade Organization and instead facing what critics call “the law of the jungle.’’ The United States, under a president who favors a...

Trump, Dems in tentative deal on North American trade pact

Dec. 9, 2019 11:08 PM EST

WASHINGTON (AP) — House Democrats have reached a tentative agreement with labor leaders and the White House over a rewrite of the U.S.-Mexico-Canada trade deal that has been a top priority for President Donald Trump. “I’m hearing very good things, including from unions and others that...

Vegas man gets prison time in China-US fake phone parts case

Dec. 9, 2019 7:35 PM EST

LAS VEGAS (AP) — Prosecutors say a Las Vegas business owner was sentenced Monday in San Diego to six months in federal prison for conspiring to import counterfeit cellphone parts from China to the United States. U.S. District Judge Thomas Whelan also ordered 32-year-old Saad Ahmed to pay nearly $270,000 in...

World trade without rules? US shuts down WTO appeals court

Dec. 9, 2019 5:55 PM EST

GENEVA (AP) — Global commerce will lose its ultimate umpire Tuesday, leaving countries unable to reach a final resolution of disputes at the World Trade Organization and instead facing what critics call “the law of the jungle.’’ The United States, under a president who favors a...

Mexico may accept US steel trade rule, rejects aluminum

Dec. 9, 2019 10:27 AM EST

Mexico may accept U.S. requests for greater regional content on steel, as long as there is a five-year phase-in period. Foreign Relations Secretary Marcelo Ebrard said a U.S. request for 70% regional content on steel could be written into an addendum to the U.S.-Mexico Canada free trade agreement. But Ebrard...

Stocks slip as investors weigh outlook for US-China trade

Dec. 9, 2019 8:10 AM EST

Tokyo (AP) — Stock markets weakened during European trading on Monday as investors weighed the possibility of more U.S. tariffs on China and the outlook for negotiations on the trade dispute. A Chinese official said that Beijing wants a prompt settlement of its trade war with Washington as another U.S....

Official: China hopes for US trade pact as tariff hike nears

Dec. 9, 2019 7:11 AM EST

BEIJING (AP) — A Chinese official says Beijing wants a prompt settlement of its trade war with Washington. A deputy commerce minister said Monday that Beijing wants “satisfactory results as soon as possible.” The official gave no details of talks on a “Phase 1" deal announced by...

German exports rise in October, defying expectations

Dec. 9, 2019 3:32 AM EST

BERLIN (AP) — German exports posted a second consecutive month-on-month increase in October, defying economists' expectations of a slight decline. The Federal Statistical Office said Monday that exports rose 1.2% compared with the previous month. That followed a 1.5% increase in September. In year-on-year...

North Korea opens mountain spa, ski resort in tourism push

Dec. 9, 2019 3:07 AM EST

SEOUL, South Korea (AP) — North Korean leader Kim Jong Un opened a new mountain spa and ski resort that's intended for people to enjoy “high civilization under socialism” in another example of the country using tourism exemptions in sanctions to build revenue for its broken economy. Kim cut...