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Trade barriers

November 14, 2019 - 5:16 am

China presses Washington for tariff cut in trade deal

BEIJING (AP) — China is pressing Washington roll back punitive tariffs on Chinese goods as the two sides wrangle over terms of an interim trade deal. A Ministry of Commerce spokesman, Gao Feng, said Thursday a tariff cut is an “important condition” of the tentative agreement announced last month...
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FILE - This June 12, 2019, file photo shows the U.S. Capitol dome in Washington. On Wednesday, Nov. 13, the Treasury Department releases federal budget data for August. (AP Photo/Patrick Semansky, File)
November 13, 2019 - 5:08 pm

US budget deficit surges to $134.5 billion in October

WASHINGTON (AP) — The federal government, which ended the 2019 budget year with its largest deficit in seven years, began the new budget year with a deficit in October that was 33.8% bigger than a year ago as spending hit a record. The Treasury Department said Wednesday that the deficit last month...
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A currency trader works near the screens showing the foreign exchange rates at the foreign exchange dealing room in Seoul, South Korea, Wednesday, Nov. 13, 2019. Asian stocks sank Wednesday after U.S. President Donald Trump threatened more tariff hikes on Chinese imports if talks aimed at ending a trade war fail to produce an interim agreement. (AP Photo/Lee Jin-man)
November 13, 2019 - 1:01 am

Asian stocks sink after Trump threatens more China tariffs

BEIJING (AP) — Asian stocks sank Wednesday after President Donald Trump threatened more tariff hikes on Chinese imports if talks aimed at ending a trade war fail to produce an interim agreement. Market benchmarks in Shanghai, Tokyo, Hong Kong and Southeast Asia all declined. Trump said Tuesday...
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Specialist Anthony Rinaldi, left, and trader Fred DeMarco work on the floor of the New York Stock Exchange, Tuesday, Nov. 12, 2019. Stocks are opening slightly higher on Wall Street, led by gains in technology and health care companies. (AP Photo/Richard Drew)
November 12, 2019 - 10:53 pm

Asian stocks sink after Trump threatens more China tariffs

BEIJING (AP) — Asian stocks sank Wednesday after U.S. President Donald Trump threatened more tariff hikes on Chinese imports if talks aimed at ending a trade war fail to produce an interim agreement. Market benchmarks in Shanghai, Tokyo, Hong Kong and Southeast Asia all declined. Trump said Tuesday...
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In this Nov. 11, 2019, photo, an investor monitors stock prices at a brokerage in Beijing. Shares were mixed in Asia on Tuesday, Nov. 12, as investors awaited cues on trade talks between China and the U.S. (AP Photo/Ng Han Guan)
November 12, 2019 - 3:04 am

Asian shares advance as investors await US-China trade moves

BANGKOK (AP) — Shares were mostly higher in Asia on Tuesday after the Dow Jones Industrial Average notched another record high. Investors were awaiting developments on the China-U.S. trade front after President Donald Trump cast doubts over a Chinese official's comments on gradually rolling back...
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An investor monitors stock prices at a brokerage in Beijing Monday, Nov. 11, 2019. Shares declined Monday in Asia as investors watched for the latest developments in the China-U.S. trade war sage. (AP Photo/Ng Han Guan)
November 11, 2019 - 7:57 am

China-US trade uncertainty weighs on global stocks

LONDON (AP) — Shares around the world fell Monday as hopes for a breakthrough in the trade war between the United States and China diminished after President Donald Trump said Washington had not agreed to gradually roll back tariffs as negotiations progress. Hopes were shaken when Trump on Friday...
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FILE - In this July 12, 2018, file photo, worker pack imported lobsters at the Jingshen seafood market in Beijing. U.S.-Chinese trade contracted again in October, despite optimism about possible progress in talks aimed at ending a tariff war that threatens global economic growth. Chinese imports of U.S. goods fell 14.3% from a year earlier to $9.4 billion, customs data showed Friday, Nov. 8, 2019. (AP Photo/Andy Wong)
November 08, 2019 - 3:00 pm

Trump pushes back on reports US will remove China tariffs

WASHINGTON (AP) — President Donald Trump on Friday dismissed a Chinese official's assertion that his administration has agreed to roll back some of the higher tariffs it's imposed on Chinese goods. The Chinese official said Thursday that the two sides had agreed to a phased cancellation of their...
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A currency trader walks by the screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room in Seoul, South Korea, Friday, Nov. 8, 2019. Asian stock markets were mixed Friday amid uncertainty about a possible U.S.-Chinese agreement to roll back tariffs in their trade war. (AP Photo/Lee Jin-man)
November 08, 2019 - 8:11 am

Uncertainty over US-China trade keeps markets in check

LONDON (AP) — Uncertainty about a possible U.S.-Chinese agreement to roll back tariffs in their trade war kept global markets in check Friday. Though the two sides have agreed to reduce some punitive tariffs on each other's goods, the full extent of the rollback wasn't clear. A Chinese spokesman...
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FILE - In this March 29, 2018, file photo, Chinese Ministry of Commerce spokesman Gao Feng listens to a reporter's question during a press conference at the Ministry of Commerce in Beijing. On Thursday, Nov. 7, 2019, China's Commerce Ministry says Washington and Beijing have agreed to cancel tariff hikes as their trade negotiations progress. (AP Photo/Mark Schiefelbein, File)
November 07, 2019 - 6:13 pm

Hopes rise that lifting tariffs could allow US-China accord

BEIJING (AP) — The prospects for a preliminary breakthrough in the U.S.-China trade war improved Thursday after the two sides agreed to reduce some punitive tariffs on each other's goods, though the full extent of the rollback wasn't clear. A Chinese spokesman announced the development Thursday as...
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A currency trader holds a phone at the foreign exchange dealing room in Seoul, South Korea, Thursday, Nov. 7, 2019. Asian stocks are mostly lower after a meandering day of trading left U.S. stock indexes close to their record highs. (AP Photo/Lee Jin-man)
November 07, 2019 - 4:38 am

Global stocks turn higher as China says tariff war may ease

BANGKOK (AP) — Global stocks are mostly higher after a Chinese Commerce Ministry official said Beijing and Washington had agreed to gradually ease tariffs on each other's exports as they reach agreement in trade negotiations. China and the U.S. are working on a "Phase 1" trade agreement as they...
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