Global trade

October 13, 2020 - 10:16 am
GENEVA (AP) — World Trade Organization arbitrators said Tuesday that the European Union can sanction up to $4 billion in U.S. goods over Washington's illegal support for plane maker Boeing. The ruling, which could inflame Trump administration criticism of the Geneva-based trade body, amounts to one...
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Customers wearing face masks to help curb the spread of the coronavirus look at a newly unveiled new model from the American bicycle brand at a retailed shop in Beijing on July 29, 2020. China's trade growth accelerated in September as the world's second-largest economy recovered form the coronavirus pandemic. (AP Photo/Andy Wong)
October 13, 2020 - 12:12 am
BEIJING (AP) — China’s trade growth accelerated in September as the world’s second-largest economy recovered from the coronavirus pandemic. Exports rose 9.9% over a year earlier to $239.8 billion, up from August’s 9.5% growth, customs data showed Tuesday. Imports gained 13.2% to $202.8 billion, up...
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October 08, 2020 - 5:34 am
GENEVA (AP) — The World Trade Organization says South Korea’s trade minister and a Harvard-trained former Nigerian finance minister have qualified as the two finalists to become the next director-general, ensuring a woman in the top job for the first time. WTO spokesman Keith Rockwell said Thursday...
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In this photo provided by Nana Mariam Maiga, World Trade Organization Deputy Director General Yi Xiaozhun, centre, speaks at a news conference in Geneva, Tuesday Oct. 6, 2020, as he presented the world trade body’s revised forecast for merchandise trade growth amid the coronavirus pandemic. The World Trade Organization is predicting a 9.2% drop in merchandise trade this year, saying the hit from the pandemic doesn’t appear to be bad as first thought. At left is Robert Koopman, WTO chief economist, and at right, WTO spokesman Keith Rockwell. (Nana Mariam Maiga via AP)
October 06, 2020 - 1:47 pm
GENEVA (AP) — A former Chinese diplomat took center stage Tuesday at the World Trade Organization, announcing its revised prediction for a 9.2% percent decline in world merchandise trade this year and cautioning that a further hit could await if the coronavirus continues to spread. Deputy Director-...
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October 03, 2020 - 5:55 am
NEW DELHI (AP) — South Africa and India have asked the World Trade Organization to waive some provisions in the international agreements that regulate intellectual property rights, to speed up efforts to prevent, treat and contain the COVID-19 pandemic and make sure developing countries are not...
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FILE - This Nov. 4, 2019, file photo shows cargo cranes at the Port of Tacoma in Tacoma, Wash. U.S lawmakers are pushing for a ban on exports from an area of northwest China following a report that found widespread use of forced labor. (AP Photo/Ted S. Warren, File)
September 22, 2020 - 5:23 pm
WASHINGTON (AP) — A bipartisan bill aimed at keeping goods out of the U.S. that are made with the forced labor of detained ethnic minorities in China passed overwhelmingly Tuesday in the House of Representatives despite concerns about the potential effects on global commerce. The House voted 406-3...
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FILE - This Jan. 23, 2015 file photo shows Winston Churchill's family home at Chartwell, England, which is cared for by the National Trust. Britain’s National Trust which looks after hundreds of the country’s well-loved historic sites, published a report Tuesday Sept. 22, 2020, said 93 of its sites have connections with aspects of the global slave trade or Britain’s colonial history. Churchill led the administration of colonies and has been criticized for opposing Indian independence. (Gareth Fuller/PA via AP, File)
September 22, 2020 - 10:30 am
LONDON (AP) — Britain’s National Trust, which looks after hundreds of the country’s well-loved historic sites, has detailed how dozens of its properties have links to slavery and colonialism. A report published Tuesday by the heritage and conservation organization said 93 of its sites have...
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This photo combo shows the candidates for the WTO Director-General selection process at the headquarters of the World Trade Organization (WTO) in Geneva, Switzerland, pictured from Wednesday to Friday, July 15 - 17, 2020. Top row form left, Abdel Hamid Mamdouh, of Egypt, Amina Mohamed, of Kenya, Mohammad Maziad Al-Tuwaijri, of Saudi Arabia, and Yoo Myung-hee, of Korea. Bottom row from left, Liam Fox, of United Kingdom, Tudor Ulianovschi, of Moldova, Ngozi Okonjo-Iweala,of Nigeria and Jesus Seade Kuri, of Mexico. (Martial Trezzini, Salvatore Di Nolfi/Keystone via AP)
September 18, 2020 - 6:32 am
GENEVA (AP) — World Trade Organization member countries on Friday trimmed a list of candidates vying to become the next director-general from eight to five. They ejected applicants from Egypt, Mexico and Moldova who had been hoping to lead a trade body that has become a lightning rod of criticism...
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President Donald Trump walks on the South Lawn as he arrives at the White House, Monday, Sept. 14, 2020, in Washington from a trip to Phoenix. (AP Photo/Manuel Balce Ceneta)
September 15, 2020 - 12:07 pm
GENEVA (AP) — A World Trade Organization panel ruled Tuesday that Trump administration tariffs on $200 billion worth of Chinese goods are illegal, vindicating Beijing even if the United States has all but incapacitated the WTO's ability to hand down a final, binding verdict. The decision marks the...
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FILE - In this July 15, 2020 file photo, visitors wearing masks to curb the spread of the coronavirus look at the latest products at a Huawei store in Beijing. The U.S. government is imposing another round of restrictions on tech giant Huawei as President Donald Trump renews accusations the Chinese company’s telecommunications equipment is used for spying. The Commerce Department’s new rules which will further block Huawei from getting access to chip technology. (AP Photo/Ng Han Guan, File)
August 18, 2020 - 5:48 am
BEIJING (AP) — China accused Washington of damaging global trade with sanctions that threaten to cripple tech giant Huawei and said Tuesday it will protect Chinese companies but gave no indication of possible retaliation. Rules confirmed Monday by the Commerce Department block suppliers from using...
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