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 - 4:47 am
BEIJING (AP) — China warned Tuesday it will retaliate against President Donald Trump's latest tariff threat, fueling fears their escalating dispute could harm global trade and economic growth. The Commerce Ministry criticized Trump's order to prepare tariffs on $200 billion of Chinese goods as...
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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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President Donald Trump boards Air Force One for a trip to Singapore to meet with North Korean leader Kim Jong Un, Saturday, June 9, 2018, at Canadian Forces Base Bagotville, in Canada. (AP Photo/Evan Vucci)
June 10, 2018 - 6:30 pm
QUEBEC CITY (AP) — Bashing the leader of one of America's venerable allies, the White House escalated its trade tirade and leveled more withering and unprecedented criticism Sunday against Canada's prime minister, branding Justin Trudeau a back-stabber unworthy of President Donald Trump's time. "...
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In this June 7, 2018 photo, One World Trade Center towers over its neighbors, including 3 World Trade Center, center, an 80-story office building in New York. (AP Photo/Mark Lennihan)
June 10, 2018 - 2:22 pm
NEW YORK (AP) — An 80-story office building set to open this week at the World Trade Center will be the third completed skyscraper at the site where the twin towers stood. Monday's ribbon-cutting for the 1,079-foot (329-meter) 3 World Trade Center marks a major step in the rebuilding of the site,...
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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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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)
May 31, 2018 - 9:31 pm
WASHINGTON (AP) — The Trump administration delivered a gut punch to America's closest allies Thursday, imposing tariffs on steel and aluminum from Europe, Mexico and Canada in a move that drew immediate vows of retaliation. Stock prices slumped amid fears of a trade war, with the Dow Jones...
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