International trade

August 08, 2019 - 5:21 am
BEIJING (AP) — China lowered the trading range for its currency for a fourth day on Thursday, showing its potential for use as a trade weapon against Washington, but the exchange rate steadied following declines that alarmed financial markets. The central bank set the starting point for the yuan's...
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In this Aug. 6, 2019, photo, tugboats manuever a container ship at a port in Qingdao in eastern China's Shandong province. Chinese imports of American goods plunged in July as a tariff war with Washington intensified. (Chinatopix via AP)
August 08, 2019 - 4:15 am
BEIJING (AP) — Chinese imports of American goods plunged in July as a tariff war with Washington intensified. Imports of U.S. goods fell 19% from a year earlier to $10.9 billion, customs data showed Thursday, though that was an improvement over June's 31.4% fall. Exports to the United States...
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Secretary of State Mike Pompeo, right, speaks during a press availability with Britain's Foreign Secretary Dominic Raab, left, at the State Department in Washington, Wednesday, Aug. 7, 2019. (AP Photo/Susan Walsh)
August 07, 2019 - 2:21 pm
WASHINGTON (AP) — The Trump administration will pursue a free-trade agreement with Britain as soon as possible after it leaves the European Union, Secretary of State Mike Pompeo said Wednesday as the country's new foreign secretary made his first official visit to the United States. Pompeo also...
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Graphic highlights the Kashmir areas of India and Pakistan;
August 07, 2019 - 10:07 am
ISLAMABAD (AP) — Pakistan has decided to downgrade its diplomatic ties with neighboring India and suspend bilateral trade in response to New Delhi's decision to reduce the special status of Kashmir, a Himalayan region claimed by both countries. The decision was made Wednesday at a meeting of...
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In this Tuesday, Aug. 6, 2019, photo, a man walks by a money exchange shop decorated with Chinese yuan banknotes and other countries currency banknotes at Central, a business district in Hong Kong. China's yuan has weakened again after signs its decline was stabilizing helped to reassure financial markets. (AP Photo/Kin Cheung)
August 07, 2019 - 7:16 am
BEIJING (AP) — China's currency weakened again Wednesday after hopes among financial traders that its decline was stabilizing helped to calm jittery global markets. The yuan edged down to 7.0488 to the U.S. dollar, about 0.4% below its level late Tuesday. The currency strengthened slightly to 7...
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U.S. National security adviser John Bolton, right, speaks with U.S. Commerce Secretary Wilbur Ross during a conference of more than 50 nations that largely support Venezuelan opposition leader Juan Guaido in Lima, Peru, Tuesday, Aug. 6, 2019. The Trump administration froze all Venezuelan government assets in a dramatic escalation of tensions with Nicolas Maduro that places his socialist administration alongside a short list of adversaries from Cuba, North Korea, Syria and Iran that have been targeted by such aggressive U.S. actions. (AP Photo/Martin Mejia)
August 06, 2019 - 5:39 pm
CARACAS, Venezuela (AP) — U.S. National Security Adviser John Bolton pressed his case Tuesday for sweeping action against Venezuela's President Nicolás Maduro, warning foreign governments and companies that they could face retaliation in the U.S. if they continue to do business with his socialist...
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Dave Daniels stands in front of some of his 575 dairy cows on his farm in Union Grove, Wis., on Tuesday, Aug. 6, 2019. He voted for President Donald Trump, and says he's frustrated to be a political pawn in the trade war. He was disappointed to hear China decided to halt purchases of U.S. farm products but he's happy the two sides are still talking. He says the trade war so far hasn't affected his support for President Trump, but "We'll see what happens in the next few months." (AP Photo/Carrie Antlfinger)
August 06, 2019 - 4:59 pm
WASHINGTON (AP) — Just last week, solid economic numbers appeared to be helping President Donald Trump's reelection prospects. The United States had achieved its longest economic expansion. Stock prices were climbing. Job gains were steady. Consumers had scaled up spending. Growth was sturdy enough...
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A bank employee counts U.S. dollar banknotes next to stack of 100 Chinese yuan notes at a bank outlet in Hai'an in eastern China's Jiangsu province, Tuesday, Aug. 6, 2019. China's yuan fell further Tuesday against the U.S. dollar, fueling fears about increasing global damage from Beijing's trade war with President Donald Trump. (Chinatopix via AP)
August 06, 2019 - 11:12 am
BEIJING (AP) — China stabilized its currency Tuesday, suggesting it might hold off from aggressively letting the yuan weaken as a way to respond to U.S. tariffs on Chinese goods. The yuan declined to 7.0562 to the dollar before strengthening back to 7.0297 in the afternoon. That came a day after...
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A currency trader walks by the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room in Seoul, South Korea, Tuesday, Aug. 6, 2019. Asian stocks followed Wall Street lower on Tuesday after China let its currency sink and halted purchases of U.S. farm goods, fueling fears Beijing's trade war with President Donald Trump will harm the global economy. (AP Photo/Lee Jin-man)
August 06, 2019 - 8:45 am
LONDON (AP) — Stock markets turned higher on Tuesday as China stabilized its currency after allowing it to depreciate against the dollar in response to President Donald Trump's decision to put more tariffs on Chinese goods. The more buoyant tone follows a big sell-off Monday, when stocks were...
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Vice President Mike Pence follows President Donald Trump as he walks off after speaking about the mass shootings in El Paso, Texas and Dayton, Ohio, in the Diplomatic Reception Room of the White House, Monday, Aug. 5, 2019, in Washington. (AP Photo/Evan Vucci)
August 06, 2019 - 12:23 am
WASHINGTON (AP) — The Trump administration froze all Venezuelan government assets Monday in a dramatic escalation of tensions with Nicolás Maduro that places his socialist administration alongside a short list of adversaries from Cuba, North Korea, Syria and Iran that have been targeted by such...
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