Global trade

June 19, 2018 - 12:40 pm
MOSCOW (AP) — Russia on Tuesday announced retaliatory measures in response to the U.S. move to impose tariffs on foreign steel and aluminum. Economic Development Minister Maxim Oreshkin said a statement that Moscow has decided to apply retaliatory measures in line with the World Trade Organization'...
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June 19, 2018 - 8:44 am
BEIJING (AP) — China on Tuesday threatened "comprehensive measures" in response to U.S. President Donald Trump's new tariff hike, raising the possibility Beijing might target operations of American companies. Trump's announcement fueled fears that economic losses, limited so far to companies hit by...
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Back ground from left: Kristalina Georgieva, CEO of the World Bank, Guy Ryder, Director General of the International Labour Organisation, ILO, Angel Gurria, Secretary General of the Organization for Economic Cooperation and Development, OECD, Christine Lagarde, Managing Director of the International Monetary Fund, IWF, Roberto Carvalho de Azevedo, Director-General of the World Trade Organization, WTO, and Akinwumi Adesina, President of the African Development Bank, AfDB, attend a meeting with German Chancellor Angela Merkel, center front, at the chancellery in Berlin, Germany, Monday June 11, 2018. (AP Photo/Bernd von Jutrczenka, Pool)
June 11, 2018 - 3:08 pm
BERLIN (AP) — Leaders of the International Monetary Fund, World Trade Organization and other agencies warned Monday that American protectionism could cause global economic damage, while the European Union backed a Group of Seven declaration that U.S. President Donald Trump abruptly refused to join...
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June 11, 2018 - 12:04 pm
NEW YORK (AP) — In a story June 10 about the opening of 3 World Trade Center, The Associated Press erroneously reported the name of the anchor tenant in the building. It is GroupM, not 3M. The story also should have made clear that the tower could be called the fourth skyscraper to open at the...
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Chinese President Xi Jinping, left, welcomes Indian Prime Minister Narendra Modi for a meeting at the Shanghai Cooperation Organization (SCO) Summit in Qingdao in eastern China's Shandong Province Sunday, June 10, 2018. (AP Photo/Alexander Zemlianichenko)
June 10, 2018 - 5:08 am
QINGDAO, China (AP) — Chinese President Xi Jinping extolled free trade and criticized "selfish, short-sighted" policies Sunday during a closely orchestrated gathering of a Beijing-led bloc, standing in stark contrast with the G-7 summit that ended in disarray over trade tensions. "We should reject...
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In this Tuesday, June 5, 2018 photo, a worker assembles air conditioner's components next to the robot arms at a factory in Suixi county in central China's Anhui province. China's politically sensitive trade surplus with the United States widened in May from a year earlier while its global trade gap shrank as imports accelerated. The latest reading on trade comes amid U.S. pressure on Beijing over its trade surplus and technology policy. (Chinatopix via AP)
June 08, 2018 - 4:06 am
BEIJING (AP) — China's political sensitive trade surplus with the United States widened in May from a year earlier, while its total global surplus shrank as imports accelerated. Imports rose 26 percent from a year ago to $187.9 billion, up from April's 21.5 percent growth, customs data showed...
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June 06, 2018 - 7:48 am
BRUSSELS (AP) — The European Union on Wednesday announced it will start imposing duties from July on a list of U.S. products in response to President Donald Trump's decision to slap tariffs on steel and aluminum imports from Europe. "The new duties start applying in July," European Commission Vice-...
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U.S. Commerce Secretary Wilbur Ross, center, leaves his hotel in Beijing, Saturday, June 2, 2018. U.S. Commerce Secretary Wilbur Ross has arrived in Beijing for talks on China's promise to buy more American goods after Washington revived tensions by renewing its threat of tariff hikes on Chinese high-tech exports. (AP Photo/Mark Schiefelbein)
June 02, 2018 - 3:25 pm
WASHINGTON (AP) — As a tool of national trade policy, tariffs had long been fading into history, a relic of 19th and early 20th centuries that most experts regarded as mutually harmful to all nations involved. But President Donald Trump has dusted them off in recent months and restored tariffs to a...
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French President Emmanuel Macron delivers a speech during a conference to present a plan for the preservation of heritages sites at the Elysee palace, in Paris, France, Thursday, May 31, 2018. Macron is launching a national lottery to help restore France's magnificent chateaux and other historic monuments. (Christophe Petit-Tesson/Pool Photo via AP)
June 01, 2018 - 8:40 am
PARIS (AP) — French President Emmanuel Macron has told U.S. President Donald Trump that the new U.S. tariffs on European, Mexican and Canadian goods are illegal and a "mistake." Macron's office said in a statement Friday that the two presidents spoke by phone after Trump's administration announced...
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French Finance Minister Bruno Le Maire, left, welcomes US Secretary of Commerce Wilbur Ross prior to their meeting at French Economy Ministry in Paris, France, Thursday, May 31, 2018. U.S. tariffs on European steel and aluminum imports are expected after Trump administration's failure to win concessions from EU. (AP Photo/Francois Mori)
June 01, 2018 - 2:41 am
WASHINGTON (AP) — The Latest on trade tensions involving the United States, the European Union, Mexico and Canada (all times local): 9:15 p.m. President Donald Trump says the days of the U.S. being taken advantage of in trade deals "are over" in a harshly worded statement responding to Canadian...
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