Latest Global trade News

Europeans look to China as global partner, shun Trump's US

Nov. 6, 2019 8:45 PM EST

PARIS (AP) — When France's president wants to carry European concerns to the world stage to find solutions for climate change, trade tensions or Iran's nuclear ambitions, he no longer calls Washington. He flies to Beijing. President Emmanuel Macron's visit to China this week suggests that the United States...

At trade show, Xi pledges steps to open Chinese markets

Nov. 5, 2019 4:20 AM EST

SHANGHAI (AP) — President Xi Jinping promised more gradual market-opening steps at the start of an import fair Tuesday but no initiatives on technology policy and other irritants that sparked a tariff war with Washington. The second China International Import Expo showcases the country's vast import market...

Why Trump tariffs haven't revitalized American steelmakers

Nov. 4, 2019 12:53 PM EST

WASHINGTON (AP) — President Donald Trump's move last year to tax imported steel triggered jeers but also cheers. Its goal — to raise steel prices — threatened to hurt the legions of U.S. manufacturers that depend on steel. But at least it would benefit U.S. steel companies and the Americans...

Why Trump tariffs haven't revitalized American steelmakers

Nov. 4, 2019 12:40 PM EST

WASHINGTON (AP) — President Donald Trump's move last year to tax imported steel triggered jeers but also cheers. Its goal — to raise steel prices — threatened to hurt the legions of U.S. manufacturers that depend on steel. But at least it would benefit U.S. steel companies and the Americans...

Why Trump tariffs haven't revitalized American steelmakers

Nov. 4, 2019 12:20 PM EST

WASHINGTON (AP) — President Donald Trump's move last year to tax imported steel triggered jeers but also cheers. Its goal — to raise steel prices — threatened to hurt the legions of U.S. manufacturers that depend on steel. But at least it would benefit U.S. steel companies and the Americans...

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...

Trump absent, ASEAN charts path for trade bloc led by China

Nov. 3, 2019 9:12 AM EST

NONTHABURI, Thailand (AP) — Southeast Asian leaders agreed Sunday to work with China and other neighbors to transcend conflicts over trade policies and territorial disputes for the sake of stronger economies and regional stability. President Donald Trump skipped the summit of the Association of Southeast...

ASEAN meeting grapples with trade war, territorial disputes

Nov. 2, 2019 7:07 AM EDT

NONTHABURI, Thailand (AP) — Southeast Asia should use the sway of its shared market of 650 million people and speak with "one voice" to ensure it is treated fairly in an age of protectionism, Malaysian Prime Minister Mahathir Mohamad said Saturday as leaders gathered for a regional summit. The image of...

Stocks hit records as strong jobs report calms trade worries

Nov. 1, 2019 4:30 PM EDT

NEW YORK (AP) — Stocks powered to records Friday after an encouraging jobs report gave reassurance that the economy is still solid, despite the pain U.S. factories are feeling from President Donald Trump's trade war. The Labor Department's report showed that employers added more jobs in October than...

Trade body: China can hit US with sanctions worth $3.6 bln

Nov. 1, 2019 1:08 PM EDT

GENEVA (AP) — The World Trade Organization said Friday that China can impose tariffs on up to $3.6 billion worth of U.S. goods over the American government's failure to abide by anti-dumping rules with regard to Chinese products. The move hands China its first such payout at the WTO at a time when it is...