Latest International trade News

US retail sales rise 0.4% in June in sign of consumer health

Jul. 16, 2019 10:19 AM EDT

WASHINGTON (AP) — U.S. retail sales rose at a solid pace last month, providing crucial support to the economy at a time when other drivers of growth have faded. The Commerce Department said Tuesday that retail sales rose 0.4% in June, the fourth straight increase. Sales at online retailers, grocery stores,...

Former Mitsubishi workers seek assets sale for forced labor

Jul. 16, 2019 7:42 AM EDT

SEOUL, South Korea (AP) — Colonial-era Korean workers want a court to allow the South Korean government to sell assets of their former Japanese employer so they can be compensated for forced labor decades ago. The development comes as South Korea and Japan spar over historical issues and a decision by...

Trump signs order to make American-made goods more American

Jul. 15, 2019 5:45 PM EDT

WASHINGTON (AP) — President Donald Trump signed an executive order Monday that will require federal agencies to purchase products using more American components. The order strengthens the standards that federal agencies must follow under the Buy American Act, which creates a preference for American-made...

China's growth cools further as tariff war pressures mount

Jul. 15, 2019 3:20 PM EDT

BEIJING (AP) — China's economic growth sank to its lowest level in at least 26 years in the quarter ending in June, adding to pressure on Chinese leaders as they fight a tariff war with Washington. The world's second-largest economy grew 6.2% over a year ago, down from the previous quarter's 6.4%,...

The Latest: Israeli PM: EU-Iran deal same as bowing to Nazis

Jul. 15, 2019 2:18 PM EDT

BRUSSELS (AP) — The Latest on tensions in the Persian Gulf amid a crisis between the United States and Iran (all times local): 8:10 p.m. Israel's prime minister has responded to the European Union's efforts to salvage the Iran nuclear deal by comparing it to "European appeasement in the 1930s" of Nazi...

Trade wars cool market for small businesses

Jul. 15, 2019 1:20 PM EDT

NEW YORK (AP) — The market for small businesses cooled for the third straight quarter during the spring as tariffs from the trade war with China made some sellers and buyers uneasy about making a deal. That report comes from BizBuySell.com, an online marketplace for small companies that counted 2,444...

EU works to save unraveling nuclear agreement with Iran

Jul. 15, 2019 1:04 PM EDT

BRUSSELS (AP) — European Union nations threw their diplomatic weight behind the unraveling Iran nuclear deal on Monday, trying to rescue the pact from collapsing under U.S. pressure. The 28 EU foreign ministers insisted that recent Iranian actions surpassing uranium enrichment thresholds set by the 2015...

SKorea leader says Tokyo's trade curbs will hurt Japan more

Jul. 15, 2019 5:48 AM EDT

SEOUL, South Korea (AP) — In his strongest comments yet on a growing trade dispute, South Korea's president urged Japan on Monday to lift recently tightened controls on high-tech exports to South Korea, which he said threaten to shatter the countries' economic cooperation and could damage Japan more than...

Trump says he will not impose uranium quotas

Jul. 13, 2019 6:08 PM EDT

WASHINGTON (AP) — President Donald Trump says he will not impose quotas on importing uranium, backing away from a possible trade confrontation and breaking with a Commerce Department assessment that America's use of foreign uranium raises national security concerns. The decision is unusual for Trump, who...

S. Korea, Japan fail to resolve growing trade dispute

Jul. 12, 2019 9:09 PM EDT

SEOUL, South Korea (AP) — South Korea and Japan on Friday failed to immediately resolve their dispute over Japanese export restrictions that could hurt South Korean technology companies, as Seoul called for an investigation by the United Nations or another international body. Tokyo last week tightened the...