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Trade barriers

Cars for export and import are stored in front of containers on Thursday, May 16, 2019 at the harbor in Bremerhaven, Germany, with 2 million vehicles per annum one of the largest automobile hubs in the world. US President Donald Trump is delaying any decision to impose tariffs on car and auto-part imports for now. (AP Photo/Martin Meissner)
May 20, 2019 - 8:38 am

EU rejects claim that its car exports threaten US security

BRUSSELS (AP) — The European Union is rejecting claims that Europe's car exports pose a threat to the United States after U.S. Commerce Secretary Wilbur Ross ruled that imported vehicles and parts imperil national security. European Commission spokesman Margaritis Schinas said Monday that "the EU...
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In this May 7, 2019 photo, a machine that produces plastic pellets from plastic film is seen in operation at a GDB International warehouse in New Brunswick, N.J. GDB International exported bales of scrap plastic film such as pallet wrap and grocery bags for years. But when China started restricting imports, company president Sunil Bagaria installed new machinery to process it into pellets he sells profitably to manufacturers of garbage bags and plastic pipe. (AP Photo/Seth Wenig)
May 18, 2019 - 12:17 pm

China's ban on scrap imports a boon to US recycling plants

ALBANY, N.Y. (AP) — The halt on China's imports of wastepaper and plastic that has disrupted U.S. recycling programs has also spurred investment in American plants that process recyclables. U.S. paper mills are expanding capacity to take advantage of a glut of cheap scrap. Some facilities that...
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President Donald Trump speaks at the National Association of REALTORS Legislative Meetings and Trade Expo, Friday, May 17, 2019, in Washington. (AP Photo/Alex Brandon)
May 17, 2019 - 11:14 pm

The Latest: Tariff agreement hailed by business groups

WASHINGTON (AP) — The Latest on President Donald Trump and U.S. trade tariffs (all times local): 4:50 p.m. Mexico's National Chamber of the Iron and Steel Industry is congratulating the country's officials on the agreement reached with the United States on ending steel and aluminum tariffs. The...
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President Donald Trump arrives at John F. Kennedy Airport Thursday, May 16, 2019, in New York. Trump is in New York for a fundraiser. (AP Photo/Evan Vucci)
May 17, 2019 - 5:14 pm

Trump lifts tariffs on Mexico, Canada, delays auto tariffs

WASHINGTON (AP) — Bogged down in a sprawling trade dispute with U.S. rival China, President Donald Trump took steps Friday to ease tensions with America's allies — lifting import taxes on Canadian and Mexican steel and aluminum and delaying auto tariffs that would have hurt Japan and Europe. By...
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People walk past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, May 17, 2019. Asian stocks were mixed on Friday amid worries that U.S. economic sanctions on Huawei would put a drag on trade negotiations with China. (AP Photo/Eugene Hoshiko)
May 16, 2019 - 11:24 pm

Asian shares mixed as Huawei sanctions stir trade fears

SINGAPORE (AP) — Asian stocks were mixed on Friday amid worries that U.S. economic sanctions on Huawei would cast a pall on trade negotiations with China. Hong Kong's Hang Seng shed 0.4% to 28,161.89 while Japan's benchmark Nikkei 225 jumped 1.6% to 21,391.53. The Kospi in South Korea added 0.2% to...
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A woman walks past advertisement for Huawei smartphones in Beijing on Thursday, May 16, 2019. In a fateful swipe at telecommunications giant Huawei, the Trump administration issued an executive order Wednesday apparently aimed at banning its equipment from U.S. networks and said it was subjecting the Chinese company to strict export controls. (AP Photo/Ng Han Guan)
May 16, 2019 - 4:07 pm

US economic sanctions on Huawei could backfire

The Trump administration's plan to restrict exports to Chinese telecommunications powerhouse Huawei for national security reasons doesn't just up the ante in the China trade war. It could also hurt U.S. suppliers and accelerate Beijing's drive toward greater technological independence. The White...
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FILE - In this Thursday, March 7, 2019 file photo, the Texas state flag files outside the Huawei Technologies Ltd. business location in Plano, Texas. President Donald Trump issued an executive order Wednesday, May 15, 2019, apparently aimed at banning equipment from Chinese telecommunications giant Huawei from U.S. networks. It does not name specific countries or companies and gives the Department of Commerce 150 days to come up with regulations. (AP Photo/Tony Gutierrez, File)
May 16, 2019 - 5:01 am

Huawei hit by US export controls, potential import ban

In a fateful swipe at telecommunications giant Huawei, the Trump administration issued an executive order Wednesday apparently aimed at banning its equipment from U.S. networks and said it was subjecting the Chinese company to strict export controls. Huawei would be the largest business ever...
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FILE - In this Feb. 27, 2019, file photo, Agriculture Secretary Sonny Perdue testifies during a House Agriculture Committee hearing on Capitol Hill in Washington. Perdue says his agency is “in the throes of constructing” an aid package for farmers hurt by retaliatory tariffs, but he could not say when it would be ready. Perdue says his agency is seeking feedback from producers about the strengths and weaknesses of last year’s relief package, valued at nearly $12 billion. (AP Photo/Jacquelyn Martin, File)
May 15, 2019 - 9:37 pm

Perdue says farmer aid package still a work in progress

WASHINGTON (AP) — Agriculture Secretary Sonny Perdue said Wednesday his agency is still "in the throes of constructing" an aid package for farmers hurt by retaliatory tariffs, but he is not prepared to say when it will be ready. Perdue said the Agriculture Department is reviewing feedback from...
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Treasury Secretary Steve Mnuchin testifies about the budget during a Financial Services and General Government subcommittee hearing, Wednesday May 15, 2019, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)
May 15, 2019 - 3:33 pm

Mnuchin optimistic on trade battles; Wall Street approves

WASHINGTON (AP) — Treasury Secretary Steven Mnuchin said Wednesday that the U.S. is making progress on lifting tariffs imposed on steel and aluminum from Canada and Mexico, potentially overcoming a key hurdle toward approval of a trade agreement between the three countries. Addressing another...
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A currency trader watches the computer monitors near 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, Wednesday, May 15, 2019. Asian stocks followed Wall Street higher on Wednesday after President Donald Trump downplayed his escalating tariff war with Beijing and said a settlement is possible.(AP Photo/Lee Jin-man)
May 15, 2019 - 7:55 am

Global stocks subdued as trade dispute remains in focus

BEIJING (AP) — Stock markets mostly turned lower in European trading Wednesday over the trade dispute between the U.S. and China, even though President Donald Trump said a settlement was still possible. London's FTSE 100 slipped 0.1% to 7,235 while France's CAC 40 shed 0.4% to 5,321. Despite a...
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