Latest Visible trade News

EXPLAINER: What's the impact of euro parity with the dollar?

Jul. 14, 2022 13:35 PM EDT

The euro has hit parity with the dollar, falling to its lowest level in 20 years and even skirting just below a one-to-one exchange rate with the U.S. currency at times this week. It's a psychological barrier in the markets. But psychology is important, and the euro's slide...

Deadline to block freight rail strike looms before Biden

Jul. 14, 2022 11:48 AM EDT

OMAHA, Neb. (AP) — The deadline for President Joe Biden to intervene and keep 115,000 railroad workers from going on strike and disrupting deliveries of cars, crops, containers of imported goods and countless other products and raw materials is looming. Biden is widely expected to...

China trade surplus surges to record as exports accelerate

Jul. 13, 2022 04:34 AM EDT

BEIJING (AP) — China’s monthly trade surplus soared to a record $97.9 billion in June as export growth picked up after anti-virus controls that shut down Shanghai were lifted and shippers moved a backlog of cargo. Exports rose 17.9% over a year ago to $331.2 billion, up from...

With US dollar nearly equal to euro, impact is being felt

Jul. 07, 2022 12:29 PM EDT

WASHINGTON (AP) — The U.S. dollar has been surging so much that it's nearly equal in value to the euro for the first time in 20 years. That trend, though, threatens to hurt American companies because their goods become more expensive for foreign buyers. If U.S. exports were to weaken as a result,...

EU, New Zealand strike free trade deal after 4 years' talks

Jun. 30, 2022 10:36 AM EDT

BRUSSELS (AP) — The European Union and New Zealand said Thursday they have concluded a free trade deal after four years of negotiations and sealed a partnership to reinforce their cooperation against organized crime and terror groups. According to the EU, trade with New Zealand is...

China's trade rebounds in May as anti-virus curbs ease

Jun. 09, 2022 04:57 AM EDT

BEIJING (AP) — China’s trade growth rebounded in May after anti-virus restrictions that shut down Shanghai and other industrial centers began to ease. Exports surged 16.9% over a year earlier to $308.3 billion, up from April’s 3.7% growth, a customs agency statement said...

Live updates | U.S. to hold Russia accountable for crimes

Jun. 02, 2022 19:21 PM EDT

UNITED NATIONS —The United States and its allies are vowing to hold Russia accountable for crimes committed by its forces since they invaded Ukraine on Feb. 24. U.S. Undersecretary of State Uzra Zeya told a U.N. Security Council meeting Thursday on strengthening accountability and...

Poland boosting its infrastructure to help Ukrainian exports

Jun. 01, 2022 12:37 PM EDT

WARSAW, Poland (AP) — Poland’s Prime Minister Mateusz Morawiecki said Wednesday his country is improving its transport infrastructure to ease the export of grain and other key products from neighboring Ukraine that has been severely restricted by Russia's invasion. Morawiecki...

Live updates | Biden explains providing Ukraine with rockets

May. 31, 2022 20:54 PM EDT

WASHINGTON — President Joe Biden said in a guest essay Tuesday evening in The New York Times that he’s decided to provide the Ukrainians with more advanced rocket systems and munitions that will enable them to more precisely strike key targets on the battlefield. The expectation...