Global trade

July 02, 2019 - 7:03 am
WASHINGTON (AP) — The U.S. is considering tariffs on an additional $4 billion of goods from the European Union over what it considers to be illegal aircraft subsidies. Whether it does so depends on the results of a World Trade Organization assessment of EU subsidies on large civil aircraft,...
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South Korean Trade, Industry and Energy Minister Sung Yun-mo, center, speaks during a meeting at Korea Trade Insurance Corporation in Seoul, South Korea, Monday, July 1, 2019. South Korea plans to file a complaint with the World Trade Organization over Japan's imposition of restrictions on its exports of key technology materials to South Korea. Sung said Monday that the Seoul government sees Japan's move as retaliation against South Korean court rulings ordering Japanese firms to compensate South Korean plaintiffs over forced labor during World War II.(Ahn Jung-won/Yonhap via AP)
July 02, 2019 - 3:11 am
TOKYO (AP) — Japan has defended its decision to impose export restrictions on South Korea, citing national security concerns and its international duty to keep tabs on sensitive technology transferrable for military uses. Yoshihide Suga, the chief Cabinet secretary, said Tuesday that the move was...
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FILE - In this May 10, 2012 file photo, a model poses with a 55-inch Samsung OLED, or organic light-emitting diode, TV during a press conference in Seoul, South Korea. Japan is imposing restrictions on exports to South Korea, citing a decline in "relations of international trust" between the Asian neighbors. South Korea’s Samsung Electronics, the world’s biggest maker of memory chips and smartphones and a major producer of display panels, said it’s assessing how the Japanese import restrictions could possibly influence its business. (AP Photo/Ahn Young-joon, File)
July 01, 2019 - 4:15 am
TOKYO (AP) — Japan is imposing restrictions on exports to South Korea, citing a decline in "relations of international trust" between the Asian neighbors. The Ministry of Economy, Trade and Industry said a review soliciting public comments starts Monday on the move to effectively remove South Korea...
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FILE - In this Dec. 18, 2018 file photo, Argentina's President Mauricio Macri speaks as the new pro tempore president of Mercosur, flanked by Uruguay's Foreign Affairs Minister, Rodolfo Nin, left and Uruguay's President Tabare Vazquez, right, at the 53rd Mercosur Summit in Montevideo, Uruguay. Argentina's Foreign Ministry said in a statement Friday, June 28, 2019, that South America's Mercosur trade bloc has struck a "strategic association" trade deal with the European Union, clinched in the Belgian capital of Brussels following two decades of negotiations. The Mercosur bloc includes Argentina, Brazil, Paraguay and Uruguay. (AP Photo/Matilde Campodonico, File)
June 28, 2019 - 10:31 pm
BUENOS AIRES, Argentina (AP) — South America's Mercosur bloc and the European Union struck a free-trade deal Friday after two decades of negotiations that concluded amid global trade tensions and rising protectionism. The agreement announced by both sides came as trade talks between the EU and the...
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June 27, 2019 - 11:17 am
GENEVA (AP) — A World Trade Organization dispute panel has ruled in favor of India in its complaint against the United States over subsidies and rules applied by eight U.S. states in the renewable energy sector. The ruling made public Thursday hands a defeat to the U.S. government, which has been...
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President Donald Trump waves after arriving at Osaka International (Itami) Airport, in Osaka, Japan, Thursday, June 27, 2019. Trump is in Osaka to attend the G20 summit. (AP Photo/Susan Walsh)
June 27, 2019 - 6:42 am
OSAKA, Japan (AP) — Trade and geopolitical tensions, and the looming threat of climate change, are on the agenda as the presidents of the United States and China and other world leaders gather in Osaka, Japan, for a summit of the Group of 20 major economies. While prospects for detente in the trade...
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Bank of England Governor, Mark Carney talks with British Chancellor of the Exchequer Philip Hammond during the G20 Finance Ministers and Central Bank Governors Meeting, Saturday, June 8, 2019, in Fukuoka, Japan. (Kim Kyung-hoon/Pool Photo via AP)
June 20, 2019 - 8:58 am
LONDON (AP) — The Bank of England kept its main interest rate on hold at 0.75% on Thursday and warned that a combination of Brexit worries and global trade tensions was weighing on growth. All nine members of the Monetary Policy Committee backed the decision to not change rates. There had been some...
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U.S. Treasury Secretary Steven Mnuchin, left bottom, and China's Finance Minister Liu Kun, right top, pose with other participants for a family photo of the G20 finance ministers and central bank governors meeting Sunday, June 9, 2019, in Fukuoka, western Japan. (AP Photo/Eugene Hoshiko)
June 09, 2019 - 8:07 am
FUKUOKA, Japan (AP) — Finance ministers and central bank chiefs from the Group of 20 major economies wrapped up a meeting in Japan on Sunday with a pledge to use all the policies they can to protect global growth from disruptions due to trade and other tensions. The G-20 finance leaders said in a...
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Russian President Vladimir Putin addresses the St. Petersburg International Economic Forum in St. Petersburg, Russia, Friday, June 7, 2019. (AP Photo/Dmitri Lovetsky)
June 07, 2019 - 9:22 am
ST. PETERSBURG, Russia (AP) — Russian President Vladimir Putin has criticized the United States for using pressure and sanctions to maintain its economic supremacy. Speaking Friday at an investment forum in St. Petersburg, Putin said the U.S. attempt to "spread its jurisdiction to the entire world...
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The bull and bear in front of the stock market are painted all green in Frankfurt, Germany, Monday, June 3, 2019. They were painted on occasion of the upcoming "Green Sauce" week when Frankfurt celebrates its most popular dish. (AP Photo/Michael Probst)
June 06, 2019 - 10:18 am
VILNIUS, Lithuania (AP) — The European Central Bank has taken action to support the economy in the 19-country eurozone, joining other major central banks like the U.S. Federal Reserve in responding to fears about global trade conflicts. The ECB said Thursday it would extend the earliest date for an...
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