Latest Global trade News

In this Wednesday, May 20, 2020, photo, Chinese police stand guard in front of Tiananmen Gate in Beijing. This year's version of China's biggest political meeting of the year will be unlike any other. Delayed from March because of the then-spiraling coronavirus outbreak, the decision to go ahead with the gathering signals a partial return to normalcy in the country where the pandemic first broke out.

White House report blasts Chinese 'malign activities'

May. 21, 2020 6:29 AM EDT

WASHINGTON (AP) — Beyond its hard-hitting rhetoric against China over its handling of the coronavirus, the White House has issued a broad-scale attack on Beijing's predatory economic policies, military buildup, disinformation campaigns and human rights violations. The 20-page report does not signal a...

A woman sits near her belongings outside a railway station hoping to be able to return to her home state, in Mumbai, India, Tuesday, May 19, 2020. Rural villages across India are seeing an increase in cases with the return of hundreds of thousands of migrant workers who left cities and towns where they were abandoned by their employers after having toiled for years building homes and roads. (AP Photo/Rafiq Maqbool)

Asia Today: Hong Kong increasing coronavirus testing

May. 19, 2020 10:32 AM EDT

BANGKOK (AP) — Hong Kong’s leader says the city is ramping up testing for the coronavirus, especially for workers at the busy international airport and caregivers at homes for the elderly and disabled. Carrie Lam said Tuesday that tests will be increased from 4,500 to 7,000 daily, with both the...

In this May 14, 2019 photo, packages of frozen beef filets from Australia, left, the United States, center, and Canada, right, are for sale at a supermarket in Beijing. China has too much at stake to destroy its trading relationship with Australia entirely but is using sanctions to send a sharp warning to the South Pacific nation about its calls for a robust coronavirus inquiry, an expert says. China has suspended beef imports from four Australian slaughterhouses and is threatening to impose huge tariffs on barley after Australia called for independent inquiry into the origins of the virus. (AP Photo/Mark Schiefelbein)

Australia says it doesn't want trade war with China

May. 19, 2020 6:44 AM EDT

CANBERRA, Australia (AP) — Australia’s trade minister said Tuesday that his country does not want a trade war with China, but maintained Beijing had erred by imposing stiff tariffs on Australian barley in what is widely seen as punishment for advocating an investigation into the coronavirus...

Australian Foreign Minister Marise Payne comments in Penrith, Australia Monday, May 18, 2020. Payne welcomed international support for an independent investigation of the coronavirus: an inquiry that has been condemned by China and blamed for a bilateral trade rift. (AP Photo/Rick Rycroft)

Australia welcomes virus inquiry but condemns China tariff

May. 18, 2020 6:40 PM EDT

CANBERRA, Australia (AP) — Australia on Tuesday welcomed international support for an independent coronavirus pandemic investigation as China ratcheted up a bilateral trade rift by placing tariffs on Australian barley. The World Health Organization bowed to calls Monday from most of its member states to...

This undated image released by the House Judiciary Committee from documents provided by Lev Parnas to the committee in the impeachment probe against President Donald Trump, shows a photo of Lev Parnas with Rudy Giuliani. Parnas, a close associate of Trump's personal lawyer Giuliani is claiming Trump was directly involved in the effort to pressure Ukraine to investigate Democratic rival Joe Biden. Trump on Thursday, Jan. 16, 2020, repeated denials that he is acquainted with Parnas, despite numerous photos that have emerged of the two men together.(House Judiciary Committee via AP)

In recording Trump asks how long Ukraine can resist Russians

May. 14, 2020 2:48 PM EDT

WASHINGTON (AP) — President Donald Trump inquired how long Ukraine would be able to resist Russian aggression without U.S. assistance during a 2018 meeting with donors that included the indicted associates of his personal attorney Rudy Giuliani. “How long would they last in a fight with...

FILE - In this Thursday, Jan. 24, 2019 file photo, Roberto Azevedo, Director General of the World Trade Organization, WTO, attends a session at annual meeting of the World Economic Forum in Davos, Switzerland. It was announced on Thursday, May 14, 2020 that the head of the World Trade Organization says he will leave his post a year before his term expires, an unprecedented mid-term resignation at the WTO that he called a “personal decision.” (AP Photo/Markus Schreiber, File)

Head of World Trade Organization to step down early

May. 14, 2020 2:15 PM EDT

GENEVA (AP) — The head of the World Trade Organization said Thursday that he will leave his post a year early, a “personal decision” that sets the stage for a succession contest at the trade body amid lingering U.S.-China tensions and a coronavirus pandemic that has doused the global economy....

World Trade Organization Director-General announces he'll leave post a year early, calling it a "personal decision."

May. 14, 2020 12:06 PM EDT
GENEVA (AP) — World Trade Organization Director-General announces he'll leave post a year early, calling it a "personal decision."
In this Friday, May 8, 2020 photo, people look out at the Burj Khalifa, the world's tallest building, at sunset in Dubai, United Arab Emirates. Dubai built a city on the promise of globalization, creating itself as a vital hub for the free movement of trade, people and money worldwide. Now, with events cancelled, flights grounded and investment halted, this sheikhdom in the UAE faces both the threat of the coronavirus and a growing economic crisis. (AP Photo/Jon Gambrell)

Built for a global economy, Dubai now threatened by virus

May. 13, 2020 1:10 PM EDT

DUBAI, United Arab Emirates (AP) — Dubai built a city of skyscrapers and artificial archipelagos on the promise of globalization, creating itself as a vital hub for the free movement of trade, people and money worldwide — all things that have been disrupted by the coronavirus pandemic. Now, with...

In this April 20, 2020, photo, policemen wearing face masks inspect a cargo train at a land cargo port on the border between China and Kazakhstan in Horgos in northwestern China's Xinjiang Uyghur Autonomous Region. China's exports rebounded in April to rise 3.5% over a year earlier, but forecasters warned that strength is unlikely to last as the coronavirus pandemic depresses global consumer demand. (Chinatopix via AP)

China exports rebound in April but more weakness ahead

May. 7, 2020 3:45 AM EDT

BEIJING (AP) — China’s exports rebounded in April to rise 3.5% over a year earlier, but forecasters warned that strength is unlikely to last as the coronavirus pandemic depresses global consumer demand. Exports to the United States rose 2.2%, while imports of American goods fell 11% in a sign of...

FILE - In this Nov. 4, 2019  file photo cargo cranes are used to take containers off of a Yang Ming Marine Transport Corporation boat at the Port of Tacoma in Tacoma, Wash. The U.S. trade deficit tumbled in February 2020 to the lowest level since 2016 as exports fell and imports fell more. The politically sensitive gap in the trade of goods with China narrowed in February when the world's No. 2 economy was locked down to combat the coronavirus outbreak. (AP Photo/Ted S. Warren, File)

US trade gap rises to $44.4 billlion as virus slams commerce

May. 5, 2020 9:15 AM EDT

WASHINGTON (AP) — The U.S. trade deficit rose in March as the coronavirus outbreak battered America's trade with the world. The Commerce Department reported Tuesday that the gap between what the United States sells and what it buys abroad widened 11.6% in March to $44.4 billion from $39.8 billion in...