Global trade

April 19, 2018 - 7:18 am
GENEVA (AP) — Russia has joined the European Union, India and China in demanding compensation from the United States for its tariffs on foreign steel and aluminum. The World Trade Organization's web site posted Thursday a filing from Russia that, like other countries, argues that the tariffs that...
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People walk past an electronic stock indicator of a securities firm in Tokyo, Wednesday, April 18, 2018. Asian stock markets followed Wall Street higher on Wednesday after Beijing added to a swelling trade dispute with Washington by hiking tariffs on U.S. sorghum. (AP Photo/Shizuo Kambayashi)
April 18, 2018 - 6:24 am
BEIJING (AP) — Global stock markets followed Wall Street higher Wednesday despite a Chinese tariff hike on U.S. sorghum in a swelling trade dispute with Washington. KEEPING SCORE: In early trading, London's FTSE 100 rose 0.7 percent to 7,278.02 and France's CAC 40 added 0.5 percent to 5,379.95...
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FILE - In this Wednesday, Oct. 21, 2015 file photo, a worker manufactures metal parts in an auto parts factory in Rui'an near Wenzhou city in eastern China's Zhejiang province. Chinese exporters of goods from electronics to motorcycle parts are scrambling to insulate themselves from U.S. President Donald Trump’s proposed tariff hike. They are weighing plans to rush shipments to American customers ahead of the increase, raise prices or find other markets. Some are looking at shipping goods through other countries to hide their Chinese origin. (AP Photo/Erika Kinetz, Fie)
April 18, 2018 - 5:34 am
BRUSSELS (AP) — Europe's top trade official said Wednesday that new U.S. steel and aluminum tariffs are distorting global trade and could damage hopes for economic growth. Cecilia Malmstrom, the European Union's trade commissioner, also said the bloc would not offer any concessions in order to be...
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FILE - In this May 14, 2017, file photo, Chinese President Xi Jinping speaking at the opening of the Belt and Road Forum is displayed on a big screen near decorations depicting Chinese Admiral Zheng He who commanded expeditionary voyages across Asia and East Africa in the 15th century and a modern high speed train in Beijing, China. A new study says the massive Chinese infrastructure program called the "Belt and Road Initiative" that Beijing says is aimed at promoting global trade and economic growth is actually intended to expand the country's political influence and military presence. (AP Photo/Ng Han Guan, File)
April 17, 2018 - 8:54 am
HONG KONG (AP) — A massive Chinese infrastructure program that Beijing says is aimed at promoting global trade and economic growth is actually intended to expand the country's political influence and military presence, according to a report issued Tuesday. The report by the U.S.-based research...
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In this March 29, 2018 photo, a cargo truck drives amid stacked shipping containers at the Yangshan port in Shanghai. China's global trade balance swung to a rare deficit in March as exports shrank but its surplus with the United States, the center of a worsening dispute with Washington, stood at $15.4 billion.(AP Photo/File)
April 13, 2018 - 4:28 am
BEIJING (AP) — China's global trade balance swung to a rare deficit in March as exports shrank but its surplus with the United States, the center of a worsening dispute with Washington, stood at $15.4 billion. Exports contracted 2.7 percent from a year earlier to $174.1 billion, down from the 24.4...
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Brazilian Roberto Azevedo, Director General of the World Trade Organization, WTO, speaks during a press briefing about the WTO's World Trade Report 2017 at the headquarters of the World Trade Organization, WTO, in Geneva, Switzerland, Thursday, April 12, 2018. (Martial Trezzini/Keystone via AP)
April 12, 2018 - 10:10 am
GENEVA (AP) — The head of the World Trade Organization says he understands that President Donald Trump wants to create U.S. jobs, but warns that getting tough on trade can trigger a "domino effect" that could derail such goals in the first place. Speaking to The Associated Press, Roberto Azevedo...
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April 12, 2018 - 7:33 am
FRANKFURT, Germany (AP) — Top officials at the European Central Bank were concerned about a strengthening euro and the possibility of a global trade war as they decided to go slow in removing economic stimulus. That view was contained in the written account released Thursday of the bank's March 8...
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FILE - In this March 29, 2018, file photo, Chinese President Xi Jinping reviews an honor guard during a welcome ceremony at the Great Hall of the People in Beijing. Xi has promised to cut China's auto import tariffs and ease restrictions on foreign ownership in its auto industry amid an escalating tariff spat with Washington, in a speech Tuesday, April 10, 2018 at a business conference. (AP Photo/Mark Schiefelbein, File)
April 10, 2018 - 9:15 am
BEIJING (AP) — President Xi Jinping promised Tuesday to cut China's auto tariffs and improve intellectual property protection in possible concessions aimed at defusing a worsening dispute with Washington over trade and technology that investors worry could set back the global economic recovery...
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China's President Xi Jinping delivers his opening speech at the Boao Forum for Asia Annual Conference in Boao in south China's Hainan province, Tuesday, April 10, 2018. Xi promised to cut auto import taxes, open China's markets further and improve conditions for foreign companies in a speech Tuesday that called for international cooperation against a backdrop of a spiraling dispute with Washington over trade and technology. (Naohiko Hatta/Kyodo News via AP)
April 10, 2018 - 6:54 am
BEIJING (AP) — President Xi Jinping set the stage Tuesday for a possible effort to resolve a worsening clash with Washington over technology and trade by promising to cut auto import taxes, improve intellectual property protection and boost imports. Xi's pledges at a business conference came as...
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April 10, 2018 - 4:32 am
GENEVA (AP) — China is filing a complaint with the World Trade Organization against U.S. tariffs on steel, aluminum products. The Geneva-based trade body said Tuesday that China has requested 60 days of consultations with the United States to resolve the dispute. If the two sides can't agree on a...
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