Latest Trade policy News

EU takes China to WTO over Lithuania trade dispute

Dec. 07, 2022 06:37 AM EST

BRUSSELS (AP) — The European Union announced Wednesday that it has begun legal action at the World Trade Organization against China over what it says are import restrictions Beijing has imposed on Lithuania. The European Commission estimates that China cut trade from the EU member...

Tensions over trade deals exposed at Mercosur summit

Dec. 06, 2022 19:41 PM EST

MONTEVIDEO, Uruguay (AP) — A summit of the four Mercosur nations exposed tensions Tuesday as Uruguay's eagerness to seek out foreign markets collided with opposition from Brazil, Argentina and Paraguay. Uruguayan President Luis Lacalle Pou said his country must “open up to the...

Russian oil price cap, EU ban aim to limit Kremlin war chest

Dec. 05, 2022 13:43 PM EST

FRANKFURT, Germany (AP) — Major Western measures to limit Russia's oil profits over the war in Ukraine took effect Monday, bringing with them uncertainty about how much crude could be lost to the world and whether they will unleash the hoped-for hit to a Russian economy that has held up better...

Longtime Arizona GOP Rep. Jim Kolbe dies at 80

Dec. 03, 2022 19:02 PM EST

PHOENIX (AP) — Jim Kolbe, a Republican congressman who represented a heavily Democratic region of Arizona for more than two decades and was a proponent of gay rights, has died. He was 80. Arizona Gov. Doug Ducey said in a statement that Kolbe died Saturday. Ducey ordered flags...

Finnish PM warns Russian win would empower aggressors

Dec. 02, 2022 01:01 AM EST

CANBERRA, Australia (AP) — Finland’s Prime Minister Sanna Marin warned an Australian audience Friday that a Russian victory over Ukraine would empower other aggressors and urged democracies against forming “critical dependencies” on authoritarian states such as China. Marin...

Seoul places new sanctions on North Korea over arms buildup

Dec. 01, 2022 23:31 PM EST

SEOUL, South Korea (AP) — South Korea on Friday sanctioned eight people and seven companies suspected of engaging in illicit activities to finance North Korea’s growing nuclear weapons and missile programs. The move, which prohibits South Koreans from conducting any type of...

EU edges closer to $60-per-barrel Russian oil price cap

Dec. 01, 2022 22:44 PM EST

BRUSSELS (AP) — The European Union was edging closer to setting a $60-per-barrel price cap on Russian oil — a highly anticipated and complex political and economic maneuver designed to keep Russia's supplies flowing into global markets while clamping down on President Vladimir Putin's ability...

Mexico tells US it wants to keep talking on trade disputes

Dec. 01, 2022 22:13 PM EST

MEXICO CITY (AP) — Mexico’s economy secretary on Thursday proposed yet another round of talks with the United States on a dispute over Mexico’s energy sector. Mexico hopes to stave off a full-fledged trade complaint under the U.s.-Mexico-Canada trade agreement. ...

EXPLAINER: US-European differences on climate law persist

Dec. 01, 2022 19:31 PM EST

WASHINGTON (AP) — President Joe Biden on Thursday tried to allay concerns raised by French President Emmanuel Macron about a clean energy law that benefits electric vehicles and other products made in North America. But the U.S. and Europe remain divided over the landmark law. ...

German parliament votes to approve EU-Canada trade pact

Dec. 01, 2022 08:18 AM EST

BERLIN (AP) — German lawmakers on Thursday approved a free-trade deal between the European Union and Canada, moving the accord a step closer to taking full effect. The pact, formally known as the Comprehensive Economic and Trade Agreement, or CETA, was signed in late 2016. Most of...