Global trade

Yoon Chang-yul, second from right, a senior official at the Prime Minister's Office, announces the government's stance on the World Trade Organization's ruling in favor of South Korea 's import ban on Japanese seafood at the government complex in Sejong, South Korea, Friday, April 12, 2019. South Korea on Friday welcomed the decision and said it will continue to block all fishery products from Fukushima and seven neighboring prefectures to ensure "only foods that are confirmed as safe are put on the table. (Jin Sung-chul/Yonhap via AP)
April 12, 2019 - 3:27 am
SEOUL, South Korea (AP) — The World Trade Organization has upheld South Korea's import ban on Japanese seafood from areas affected by the 2011 nuclear disaster in Fukushima, overturning a ruling by a lower panel last year that said Seoul was unfairly discriminating against Japanese products. The...
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FILE - In this Monday, Oct. 15, 2018 file photo, a container ship is loaded at the harbor in Hamburg, Germany. The United States is considering putting tariffs on $11 billion in EU goods per year to offset what it says are unfair European subsidies for planemaker Airbus. While the size of the potential tariffs is relatively small compared with the hundreds of billions of goods the U.S. and China are taxing in their trade war, it suggests a breakdown in talks with the EU over trade. (AP Photo/Martin Meissner, file)
April 09, 2019 - 1:16 pm
LONDON (AP) — The United States wants to tax $11.2 billion worth of EU goods — from airplanes to Gouda cheese — in what some experts say marks another attempt by the Trump administration to use tariffs to reshape global trade in its favor. The World Trade Organization ruled last year that the...
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China's Premier Li Keqiang, left, shakes hands with European Council President Donald Tusk during an EU-China summit at the European Council headquarters in Brussels, Tuesday, April 9, 2019. (AP Photo/Francisco Seco)
April 09, 2019 - 11:37 am
BRUSSELS (AP) — China and the European Union agreed Tuesday to strengthen their trade relationship, pledging to work toward "substantially improved market access, the elimination of discriminatory requirements and practices affecting foreign investors." EU Trade Commissioner Cecilia Malmstrom has...
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President Donald Trump speaks with reporters before boarding Marine One on the South Lawn of the White House, Friday, April 5, 2019, in Washington. (AP Photo/Evan Vucci)
April 09, 2019 - 9:08 am
WASHINGTON (AP) — President Donald Trump said Tuesday he'll put tariffs on $11 billion worth European Union cheese, wine and other goods to retaliate for what Washington says are improper subsidies to Airbus. The office of the U.S. trade representative late Monday released a preliminary list of EU...
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FILE- In this Tuesday, March 5, 2019, file photo the Cape Kortia container ship, left, heads into the Port of Tacoma in Commencement Bay in Tacoma, Wash. On Thursday, March 28, the Commerce Department issues the final estimate of how the U.S. economy performed in the October-December quarter. (AP Photo/Ted S. Warren, File)
April 02, 2019 - 8:26 am
GENEVA (AP) — The World Trade Organization has cut its forecast for trade growth this year by more than a percentage point, to 2.6%, due to an economic slowdown and amid a trade conflict between the United States and China. The downgrade — from 3.7% forecast issued in September — reflects how...
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An investor monitors share prices at a brokerage house in Beijing, Wednesday, March 27, 2019. Shares were mixed in Asia early Wednesday after U.S. stocks finished broadly higher on Wall Street, erasing modest losses from a day earlier. (AP Photo/Andy Wong)
March 27, 2019 - 8:39 am
BANGKOK (AP) — Stocks markets turned lower Wednesday amid concerns about an impasse in the Brexit process, slowing trade and global growth. Britain's FTSE 100 declined 0.2 percent to 7,183 as British lawmakers sought ways forward in Brexit after a defeat of Prime Minister Theresa May's proposed...
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March 26, 2019 - 11:38 am
GENEVA (AP) — The United States has blocked a meeting of the World Trade Organization's dispute body, gumming up its operations over the Trump administration's refusal to recognize the government of President Nicolas Maduro in Venezuela. The U.S. delegation refused to approve the agenda of the...
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Dark clouds hang over the city with its bank buildings in Frankfurt, Germany, on a windy Thursday morning, March 7, 2019. (AP Photo/Michael Probst)
March 07, 2019 - 8:56 am
FRANKFURT, Germany (AP) — The European Central Bank took unexpectedly quick action Thursday to support a weakening economy, pushing back the earliest date of interest rate increases and announcing a new round of cheap loans to banks. The bank said Thursday after its regular policy meeting that it...
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Journalists film Chinese Premier Li Keqiang delivering the work reports at the opening session of the China's National People's Congress at the Great Hall of the People in Beijing, Tuesday, March 5, 2019. (AP Photo/Andy Wong)
March 05, 2019 - 6:18 am
BEIJING (AP) — China announced a robust annual economic growth target and a 7.5 percent rise in military spending Tuesday as it convened an annual legislative session overshadowed by a tariff war with Washington. Seeking to defuse U.S. and European complaints the Chinese system is rigged against...
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February 28, 2019 - 10:44 am
GENEVA (AP) — The World Trade Organization panel has ruled in favor of the United States in a dispute with China over agricultural subsidies, saying Beijing went beyond WTO limits in its support for wheat and rice producers. The WTO's Dispute Settlement Body on Thursday found China exceeded...
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