Trade barriers

A man looks at his smartphone as he walks past an electronics shop advertising phones from Huawei and Apple in Beijing, Friday, May 24, 2019. Stepping up a propaganda offensive against Washington, China's state media on Friday accused the U.S. of seeking to "colonize global business" by targeting telecom equipment giant Huawei and other Chinese companies. (AP Photo/Mark Schiefelbein)
May 24, 2019 - 10:15 am

China ramps up war of rhetoric in trade standoff with US

BEIJING (AP) — Stepping up Beijing's propaganda offensive in the tariffs standoff with Washington, Chinese state media on Friday accused the U.S. of seeking to "colonize global business" with moves against Huawei and other Chinese technology companies. There was no word from either side on progress...
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FILE - In this Saturday, March 30, 2019, file photo, workers assemble LED lights at a factory in Yushan county in central China's Jiangxi province. China is cutting taxes on its fledgling software and integrated circuit industries to spur development in the face of U.S. export controls that threaten to handicap Chinese tech companies. (AP Photo, File)
May 22, 2019 - 6:35 am

China cuts taxes to spur chip makers in face of US pressure

BEIJING (AP) — China is cutting taxes on its fledgling software and integrated circuit industries as U.S. export controls threaten to handicap Chinese tech companies. The Finance Ministry's announcement Wednesday comes amid a spiraling tariff war with Washington over Chinese technology ambitions...
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In this photo taken Wednesday, May 15, 2019, customer Torre Treece, left, talks with Rad Power Bikes sales associate Becs Richards about the two electric bikes he bought at the shop in Seattle. The bicycle company said that they will absorb 100% of any tariff on their Chinese-made bicycles. (AP Photo/Elaine Thompson)
May 20, 2019 - 6:13 pm

Tariffs have varying fallout in trade-heavy Washington state

SEATTLE (AP) — Workers at a $1.7 billion polysilicon plant in central Washington believe President Donald Trump's trade war with China may be their best chance for staying employed. Unable to compete with Chinese factories aided by government subsidies and high tariffs, REC Silicon is shutting down...
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FILE - In this June 20, 2018 file photo, Catoctin Creek Distillery whiskey is on display in a tasting room in Purcellville, Va. American whiskey producers feeling the pain from the Trump administration’s trade disputes have gotten a shot of relief with an agreement announced Friday, May 24, 2019 that will end retaliatory tariffs that Canada and Mexico slapped on whiskey and other U.S. products. (AP Photo/Steve Helber, File)
May 20, 2019 - 11:03 am

American distillers welcome end of tariffs in Canada, Mexico

LOUISVILLE, Ky. (AP) — American whiskey producers feeling the pain from the Trump administration's trade disputes have gotten a shot of relief with an agreement that will end retaliatory tariffs that Canada and Mexico slapped on whiskey and other U.S. products. The whiskey industry hailed the...
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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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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 18, 2019 - 6:23 am

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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In this undated photograph obtained by The Associated Press, a UAV-X drone flown by Yemen's Houthi rebels is seen in Hodeida, Yemen. A Yemen rebel drone strike this week, likely by UAV-Xs, on a critical Saudi oil pipeline shows that the otherwise-peaceful sandy reaches of the Arabian Peninsula now are at risk of similar assault, including an under-construction nuclear power plant and Dubai International Airport, among the world's busiest. (AP Photo)
May 17, 2019 - 4:10 pm

Mounting tensions with Iran, China leave oil prices in flux

NEW YORK (AP) — A rare mix of geopolitical tensions in the Middle East and China is tugging oil prices in opposite directions and creating uncertainty over where they might land. Deteriorating trade talks between the United States and China, the world's two largest economies, are posing a serious...
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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 - 6:53 pm

Economic sanctions on Huawei could backfire on US firms

The Trump administration's decision to restrict all U.S. technology sales to Chinese telecommunications powerhouse Huawei for national security reasons doesn't just up the ante in the China trade war. It's also bound to hurt U.S. suppliers and accelerate Beijing's drive toward greater technological...
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