Latest Free trade News

Pelosi says agreement on revamped NAFTA ‘imminent’

Nov. 14, 2019 8:52 PM EST

WASHINGTON (AP) — House Speaker Nancy Pelosi says she wants to see Congress pass President Donald Trump’s revamped North American free trade deal this year. In a news conference Thursday, the California Democrat said an agreement on the pact is “imminent.” The United States, Mexico and...

Sour grapes: Trade war puts cork in US wine sales to China

Nov. 13, 2019 8:02 PM EST

LIVERMORE, Calif. (AP) — Caught in the crossfire of President Donald Trump’s trade war with China, U.S. vineyards are struggling to sell Syrah in Shanghai and Chardonnay in Shenzhen. They risk losing their foothold in one of the world’s fastest-growing wine markets. The 16-month dispute...

Pact reached to avert government shutdown through Dec. 20

Nov. 12, 2019 6:52 PM EST

WASHINGTON (AP) — A top House lawmaker announced Tuesday that Congress will pass a governmentwide temporary spending bill to keep the government running through Dec. 20, forestalling a government shutdown as the House turns its focus to impeachment hearings. Appropriations Committee Chairwoman Nita Lowey,...

China and France reiterate support for Paris climate deal

Nov. 6, 2019 7:22 AM EST

BEIJING (AP) — Chinese leader Xi Jinping on Wednesday hailed a visit by French President Emmanuel Macron as giving a boost to multilateralism and free trade, amid ongoing economic tensions with Washington. The two countries also pledged continued support for the Paris Agreement as the U.S. begins its...

EU's Barnier warns of tough times ahead on UK trade deal

Nov. 5, 2019 10:37 AM EST

LISBON, Portugal (AP) — European Union Brexit negotiator Michel Barnier on Tuesday drew the battle lines for the upcoming free trade talks with the U.K. once it has left the bloc and warned Britain not to undercut EU standards. Barnier said the trade talks after Britain leaves as expected on Jan. 31 might...

UK parties promise end to Brexit agony if they win election

Nov. 5, 2019 9:05 AM EST

LONDON (AP) — Britain's three major national political parties wooed weary voters on Tuesday, all promising an end to Brexit wrangling if they win next month's national election — but offering starkly different visions of how to achieve that. Prime Minister Boris Johnson says if his Conservative...

US woos Asia with plan to rival China's 'Belt and Road'

Nov. 5, 2019 6:31 AM EST

BANGKOK (AP) — Commerce Secretary Wilbur Ross said Tuesday the U.S. will invest and trade more in Asia as it rolls out an American plan to support "sustainable" projects in Asia as a counterpoint to China's multibillion-dollar "Belt and Road" infrastructure initiative. Ross is leading a high-powered trade...

US, China spar at Southeast Asian regional summit

Nov. 4, 2019 11:10 AM EST

NONTHABURI, Thailand (AP) — The rivalry between the United States and China over influence in the Asia-Pacific region was on show Monday as the two superpowers traded barbs over freedom of navigation in the region's seas. The war of words took place at the annual summit of leaders of the Association of...

China-led Asian trade bloc pushes ahead as India drops out

Nov. 4, 2019 11:06 AM EST

NONTHABURI, Thailand (AP) — A 16-nation trade initiative backed by China is pushing ahead as India, facing fierce domestic opposition to its market-opening requirements, has dropped out. Leaders of countries involved in the Regional Comprehensive Economic Partnership said Monday that they had resolved...

US sells business engagement with Asia as trade war drags on

Nov. 4, 2019 6:34 AM EST

NONTHABURI, Thailand (AP) — The U.S. is deeply committed to doing business with Southeast Asia, Commerce Secretary Wilbur Ross said Monday at a conference on the sidelines of a regional summit that President Donald Trump chose not to attend. Ross and other American officials showcased American involvement...