Latest Trade barriers News

China warns US tariffs will 'escalate trade friction'

Aug. 22, 2019 4:26 AM EDT

BEIJING (AP) — China appealed to Washington on Thursday to "meet each other halfway" and settle a trade war instead of going ahead with planned tariff hikes Beijing warned will trigger retaliation. Exporters are preparing for a Sept. 1 increase in U.S. duties in a fight over trade and technology. Those are...

China's rust belt looks abroad as growth slows, tariffs bite

Aug. 21, 2019 11:21 PM EDT

YINGKOU, China (AP) — From Thailand to Kenya, trains run on tracks from steel mills in China's northeast, a rust-belt region that is trying to capitalize on a multibillion-dollar national initiative to build ports, railways and other projects abroad. Announced in 2012, the Belt and Road Initiative is...

Germany charges Russian for violating trade embargo

Aug. 21, 2019 8:30 AM EDT

BERLIN (AP) — Germany's federal prosecutor has charged a Russian citizen for crimes against the foreign trade law because he allegedly exported technology and chemicals to Russia that fall under an embargo. Prosecutors in Karlsruhe said Wednesday that Vladimir D., whose full name and age were not given,...

Beijing appeals to US to 'meet China halfway' on trade

Aug. 21, 2019 8:15 AM EDT

BEIJING (AP) — Beijing appealed to Washington on Wednesday to "meet China halfway" and end a tariff war after President Donald Trump said Americans might need to endure economic pain to achieve longer-term benefits. A foreign ministry spokesman, Geng Shuang, expressed hope Washington can "get along with...

Asian stocks follow Wall Street lower before US Fed release

Aug. 21, 2019 12:18 AM EDT

BEIJING (AP) — Asia stock markets followed Wall Street lower Wednesday as investors looked ahead to a speech by the Federal Reserve chairman for signs of possible plans for more U.S. interest rate cuts. Benchmarks in Tokyo, Shanghai and Australia declined while South Korea advanced. U.S. stocks fell...

Huawei expects no relief from US sanctions but is confident

Aug. 20, 2019 12:29 PM EDT

SHENZHEN, China (AP) — The founder of Chinese tech giant Huawei said Tuesday he expects no relief from U.S. export curbs because of the political climate in Washington but expressed confidence the company will thrive because it is developing its own technology. Ren Zhengfei also said he doesn't want relief...

Global shares mixed after Wall Street rally on Huawei

Aug. 20, 2019 8:08 AM EDT

TOKYO (AP) — Global shares were mixed Tuesday after rallying a day earlier on the U.S. decision to give Chinese telecom giant Huawei another 90 days to buy equipment from American suppliers. Markets around the world have been swinging back and forth for months on incremental developments in the U.S.-China...

Asian shares mostly rise after Wall Street rally on Huawei

Aug. 20, 2019 12:06 AM EDT

TOKYO (AP) — Asian shares were mostly higher Tuesday after Wall Street rallied on the U.S. decision to give Chinese telecom giant Huawei another 90 days to buy equipment from American suppliers. That decision appeared to inspire a buying mood among investors eager for any signs of progress in the trade war...

74% of economists in survey see US recession by end of 2021

Aug. 19, 2019 2:03 PM EDT

WASHINGTON (AP) — A strong majority, 74%, of U.S. business economists appear sufficiently concerned about the risks of some of President Donald Trump's economic policies that they expect a recession in the U.S. by the end of 2021. The economists surveyed by the National Association for Business Economics,...

US extends limited reprieve on tech sales to China's Huawei

Aug. 19, 2019 1:55 PM EDT

The Trump administration has extended a limited reprieve on U.S. technology sales to Huawei, even as questions remain over how much of an effect broader sanctions are having on the Chinese technology giant. Huawei has become enmeshed in the trade war between Washington and Beijing, with President Donald Trump...