Latest Trade barriers News

Democrats, White House forge new North American trade deal

Dec. 10, 2019 6:08 PM EST

WASHINGTON (AP) — House Democrats and the White House announced a deal Tuesday on a modified North American trade pact, handing President Donald Trump a major Capitol Hill win on the same day that impeachment charges were announced against him. Both sides hailed the deal as a win for American workers. They...

How major US stock indexes fared Tuesday

Dec. 10, 2019 4:58 PM EST

Stocks edged lower as a deadline approached for trade talks between Washington and Beijing. A new round of US tariffs are scheduled to take effect on Chinese goods Sunday, the latest escalation in a trade dispute that has dragged on economies around the world. Media reports suggested the US may delay the tariffs...

US stocks dip ahead of looming weekend deadline on trade

Dec. 10, 2019 4:49 PM EST

NEW YORK (AP) — U.S. stocks edged lower on Tuesday ahead of a looming weekend deadline for trade talks between Washington and Beijing. A new round of U.S. tariffs is scheduled to take effect on Chinese goods Sunday, the latest escalation in a trade dispute that has dragged on economies around the world....

Democrats agree to North America trade pact: What's in it?

Dec. 10, 2019 2:57 PM EST

WASHINGTON (AP) — After months of political wrangling, House Democrats agreed Tuesday to President Donald Trump’s revamped version of a 25-year-old North American free trade agreement. But they pried some concessions out of the Trump administration before saying they’d go along....

World trade without rules? US shuts down WTO appeals court

Dec. 10, 2019 12:27 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...

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. 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...

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...

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...