Trade barriers

FILE - In this July 18, 2019, file photo, shipping containers are loaded onto a cargo ship at a port in Nantong in eastern China's Jiangsu province. Beijing appealed to Washington on Wednesday, Aug. 21, to "meet China halfway" and end a tariff war after President Donald Trump said Americans might need to endure economic pain to achieve longer-term benefits. (Chinatopix via AP)
AP News
August 22, 2019 - 4:04 am

China warns US tariffs will 'escalate trade friction'

BEIJING (AP) — China has appealed to Washington to "meet each other halfway" and settle a trade war instead of going ahead with tariff hikes Beijing warned will trigger retaliation. A Ministry of Commerce spokesman warned Thursday new U.S. tariffs in a fight over trade and technology would "lead to...
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August 21, 2019 - 8:29 am

Germany charges Russian for violating trade embargo

BERLIN (AP) — Germany's federal prosecutor has charged a Russian citizen for crimes against the foreign trade law because he allegedly exported technology and chemicals to Russia that fall under an embargo. Prosecutors in Karlsruhe said Wednesday that Vladimir D., whose full name and age were not...
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FILE - In this July 18, 2019, file photo, shipping containers are loaded onto a cargo ship at a port in Nantong in eastern China's Jiangsu province. Beijing appealed to Washington on Wednesday, Aug. 21, to "meet China halfway" and end a tariff war after President Donald Trump said Americans might need to endure economic pain to achieve longer-term benefits. (Chinatopix via AP)
August 21, 2019 - 8:14 am

Beijing appeals to US to 'meet China halfway' on trade

BEIJING (AP) — Beijing appealed to Washington on Wednesday to "meet China halfway" and end a tariff war after President Donald Trump said Americans might need to endure economic pain to achieve longer-term benefits. A foreign ministry spokesman, Geng Shuang, expressed hope Washington can "get along...
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In this July 24, 2019, photo, workers watch as a truck passes by stacks of shipping containers at a port in Yingkou in northeastern China's Liaoning Province. Authorities in China's rust-belt region are looking for support for its revival from Beijing's multibillion-dollar initiative to build ports, railways and other projects abroad. (AP Photo/Olivia Zhang)
August 21, 2019 - 2:46 am

Rust-belt China looks abroad as economy slows, tariffs bite

YINGKOU, China (AP) — From Thailand to Kenya, trains run on tracks from steel mills in China's northeast, a rust-belt region that is trying to capitalize on a multibillion-dollar national initiative to build ports, railways and other projects abroad. Announced in 2012, the Belt and Road Initiative...
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Huawei's founder Ren Zhengfei, looks on during an interview at the Huawei campus in Shenzhen in Southern China's Guangdong province on Tuesday, Aug. 20, 2019. Ren said he expects no relief from U.S. export curbs due to the political climate in Washington but expresses confidence the company will thrive with its own technology. (AP Photo/Ng Han Guan)
August 20, 2019 - 12:28 pm

Huawei expects no relief from US sanctions but is confident

SHENZHEN, China (AP) — The founder of Chinese tech giant Huawei said Tuesday he expects no relief from U.S. export curbs because of the political climate in Washington but expressed confidence the company will thrive because it is developing its own technology. Ren Zhengfei also said he doesn't...
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A woman walks by an electronic stock board of a securities firm in Tokyo, Tuesday, Aug. 20, 2019. Asian shares were mostly higher Tuesday after Wall Street rallied on the U.S. decision to give Chinese telecom giant Huawei another 90 days to buy equipment from American suppliers. (AP Photo/Koji Sasahara)
August 20, 2019 - 8:08 am

Global shares mixed after Wall Street rally on Huawei

TOKYO (AP) — Global shares were mixed Tuesday after rallying a day earlier on the U.S. decision to give Chinese telecom giant Huawei another 90 days to buy equipment from American suppliers. Markets around the world have been swinging back and forth for months on incremental developments in the U.S...
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A woman walks by an electronic stock board of a securities firm in Tokyo, Tuesday, Aug. 20, 2019. Asian shares were mostly higher Tuesday after Wall Street rallied on the U.S. decision to give Chinese telecom giant Huawei another 90 days to buy equipment from American suppliers. (AP Photo/Koji Sasahara)
August 20, 2019 - 12:01 am

Asian shares mostly rise after Wall Street rally on Huawei

TOKYO (AP) — Asian shares were mostly higher Tuesday after Wall Street rallied on the U.S. decision to give Chinese telecom giant Huawei another 90 days to buy equipment from American suppliers. That decision appeared to inspire a buying mood among investors eager for any signs of progress in the...
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FILE - In this Aug. 1, 2019, file photo U.S. Commerce Secretary Wilbur Ross attends a meeting of the 17th Latin American Infrastructure Leadership Forum, in Brasilia, Brazil. The U.S. government gave chipmakers and technology companies a 90-day extension to sell products to technology giant Huawei. (AP Photo/Eraldo Peres, File)
August 19, 2019 - 1:54 pm

US extends limited reprieve on tech sales to China's Huawei

The Trump administration has extended a limited reprieve on U.S. technology sales to Huawei, even as questions remain over how much of an effect broader sanctions are having on the Chinese technology giant. Huawei has become enmeshed in the trade war between Washington and Beijing, with President...
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President Donald Trump speaks with reporters before boarding Air Force One at Morristown Municipal Airport in Morristown, N.J., Sunday, Aug. 18, 2019. (AP Photo/Patrick Semansky)
August 19, 2019 - 1:37 pm

74% of economists in survey see US recession by end of 2021

WASHINGTON (AP) — A strong majority, 74%, of U.S. business economists appear sufficiently concerned about the risks of some of President Donald Trump's economic policies that they expect a recession in the U.S. by the end of 2021. The economists surveyed by the National Association for Business...
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FILE - In this Aug. 15, 2019 file photo, President Donald Trump reacts at the end of his speech at a campaign rally in Manchester, N.H. The Trump administration is aggressively pursuing economic sanctions as a primary foreign policy tool to an extent unseen in decades, or perhaps ever. Many are questioning the results even as officials insist the penalties are achieving their aims. (AP Photo/Patrick Semansky, File)
August 18, 2019 - 9:23 pm

Trump wields sanctions hammer; experts wonder to what end

WASHINGTON (AP) — Call it the diplomacy of coercion. The Trump administration is aggressively pursuing economic sanctions as a primary foreign policy tool to an extent unseen in decades, or perhaps ever. Many are questioning the results even as officials insist the penalties are achieving their...
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