EU-UK trade talks kick off amid threats and deadlines

BRUSSELS (AP) — Long-awaited trade talks between the European Union and Britain kick off Monday amid deep tensions over Prime Minister Boris Johnson’s threat to walk away from the talks if not enough progress is made within four months. Britain became the first country to ever leave the EU on Jan. 31. Monday’s talks mark […]

US, China begin new round of tariff war negotiations

BEIJING (AP) — American and Chinese trade negotiators began more talks Wednesday aimed at ending a tariff war after Treasury Secretary Steven Mnuchin said U.S. officials might be moving toward a decision on whether to make a deal with Beijing. No agreements have been announced but both governments say they are making progress. That has […]

China trade surplus with US widens to record $34.1B

BEIJING (AP) — China’s trade surplus with the United States widened to a record $34.1 billion in September as exports to the American market rose by 13 percent over a year earlier despite a worsening tariff war. Exports to the United States rose to $46.7 billion, down from August’s 13.4 percent growth, customs data showed […]

Pence set to accuse China of trying to undermine Trump

WASHINGTON (AP) — Vice President Mike Pence on Thursday plans to accuse China of trying to undermine President Donald Trump as the administration deploys tough new rhetoric over Chinese trade, economic, and foreign policies. In a speech to the Hudson Institute, Pence will say China is using its power in “more proactive and coercive ways […]

Canada FM postpones UN speech as free trade talks intensify

TORONTO (AP) — Canadian Foreign Affairs Minister Chrystia Freeland postponed her U.N. speech as free trade talks between the U.S. and Canada intensified. Freeland had been scheduled to deliver Canada’s address to the General Assembly on Saturday in New York, but Canada exchanged the slot with another country. Freeland may or may not give the […]

Trump sees mixing trade, foreign policy as good politics

WASHINGTON (AP) — When President Donald Trump pulled the plug on an upcoming trip to North Korea by his secretary of state, he pointed a finger of blame at China and the global superpower’s trade practices. In his recent trade breakthrough with Mexico, Trump praised the country’s outgoing president for his help on border security […]

US, China agree to cut American trade deficit

WASHINGTON (AP) — The United States and China have agreed to take measures to “substantially reduce” America’s massive trade deficit with China, but the Trump administration failed to get the Chinese to commit to a specific numerical goal. Still, the talks, which began Thursday and ended Saturday with the issuance of a joint statement, may […]

As talks resume, China ends anti-dumping probe of US sorghum

 HONG KONG (AP) — As China-U.S. trade talks resumed in Washington, China said Friday it is dropping anti-dumping and anti-subsidy investigations into imported U.S. sorghum, saying it is not in the public interest. The Commerce Ministry said it was ending the anti-dumping probe because it would have raised costs for consumers. The announcement was a […]

At war with Alibaba: Top brands fight China e-commerce giant

SHANGHAI (AP) — It was looking like a banner year for business in China. The U.S. clothing company was expecting a 20 percent jump in online sales on Alibaba’s Tmall, thanks to the e-commerce giant’s massive reach. But executives soon learned that what Alibaba gives, it can also take away. The company refused to sign […]

US defends tough trade stance at global finance meeting

 WASHINGTON (AP) — The United States is resisting pressure to back off President Donald Trump’s tough America First trade policy at a meeting of global finance leaders worried about the threat of a damaging trade war. U.S. Treasury Secretary Steven Mnuchin charged that “unfair global trade practices impede stronger U.S. and global growth, acting as […]