Global trade

Britain's union flag flies from the Victoria Tower at parliament in London, Monday, Dec. 16, 2019. Newly elected lawmakers are convening at parliament Monday following the Dec. 12 general election. (AP Photo/Alberto Pezzali)
December 16, 2019 - 9:51 am
LONDON (AP) — Britain's financial sector can withstand large shocks and disruptions, whether from a disorderly Brexit or a deterioration in global trade wars, the Bank of England said Monday. In a set of reports and surveys, the central bank said it found that the country's banks are strong enough...
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Dennis Shea, US Ambassador to the WTO, arrives for the opening of the General Council, at the headquarters of the World Trade Organization, WTO, in Geneva, Switzerland, Monday, Dec. 9, 2019. (Salvatore Di Nolfi/Keystone via AP)
December 12, 2019 - 2:36 am
BRUSSELS (AP) — The European Union says it is taking measures to protect its trade interests in the ongoing row with the United States over the shutdown of the World Trade Organization's appellate body. EU trade chief Phil Hogan said Thursday that the 28-nation bloc “cannot afford being defenseless...
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Dennis Shea, US Ambassador to the WTO, arrives for the opening of the General Council, at the headquarters of the World Trade Organization, WTO, in Geneva, Switzerland, Monday, Dec. 9, 2019. (Salvatore Di Nolfi/Keystone via AP)
December 09, 2019 - 2:55 pm
GENEVA (AP) — Global commerce will lose its ultimate umpire Tuesday, leaving countries unable to reach a final resolution of disputes at the World Trade Organization and instead facing what critics call “the law of the jungle.’’ The United States, under a president who favors a go-it-alone approach...
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In this Dec. 5, 2019, photo, President Donald Trump speaks at a luncheon with members of the United Nations Security Council in the Cabinet Room at the White House in Washington. (AP Photo/Andrew Harnik)
December 07, 2019 - 8:24 am
WASHINGTON (AP) — When certain associates and acquaintances of President Donald Trump get into hot water, he forgets he ever knew them. Various figures from the Russia investigation and the Ukraine matter as well as a British prince have fallen out of familiarity with the president in this way. For...
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President Donald Trump listens as French President Emmanuel Macron speaks during a meeting at Winfield House during the NATO summit, Tuesday, Dec. 3, 2019, in London. (AP Photo/ Evan Vucci)
December 03, 2019 - 12:35 pm
WASHINGTON (AP) — President Donald Trump on Tuesday wholly misrepresented the U.S. record on international trade disputes and dismissed as a mysterious “rumor” his own statement from months ago about Britain's health system. Here's a look at some of his statements from London, where's he is...
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December 02, 2019 - 2:14 pm
GENEVA (AP) — A World Trade Organization panel ruled Monday that the European Union has not complied with an order to end illegal subsidies for plane-maker Airbus, which prompted the Trump administration to impose tariffs on nearly $7.5 billion worth of EU goods in October. In its ruling, a WTO...
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Gerald Margolis, center left, branch manager of Philip Morris in Thailand, talks to reporters at Criminal Court in Bangkok, Thailand, Friday, Nov. 29, 2019. The court has found the local unit of tobacco giant Philip Morris guilty of evading taxes by under-declaring the value of cigarettes it imported from the Philippines, and ordered the company to pay a fine of 1.2 billion baht ($39.7 million). (AP Photo)
November 29, 2019 - 3:19 am
BANGKOK (AP) — A court in Thailand on Friday found the local unit of tobacco giant Philip Morris guilty of evading taxes by under-declaring the value of cigarettes it imported from the Philippines. It ordered the company to pay a fine of 1.2 billion baht ($39.7 million). The Criminal Court found...
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Kim You-geun, deputy director of South Korea's presidential national security office, speaks at the presidential Blue House in Seoul, South Korea, Friday, Nov. 22, 2019. South Korea says it has decided to continue a 2016 military intelligence-sharing agreement with Japan it previously decided to terminate amid ongoing disputes over their wartime history and trade. (AP Photo/Ahn Young-joon)
November 22, 2019 - 4:07 am
SEOUL, South Korea (AP) — In a major policy reversal, South Korea said Friday it has decided to continue, at least temporarily, a 2016 military intelligence-sharing agreement with Japan that it previously said it would terminate amid ongoing tensions over wartime history and trade. The announcement...
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French President Emmanuel Macron, left, shakes hands with Chinese President Xi Jinping following a signing ceremony at the Great Hall of the People in Beijing, Wednesday, Nov. 6, 2019. (Nicolas Asfouri/Pool Photo via AP)
November 06, 2019 - 5:44 pm
PARIS (AP) — When France's president wants to carry European concerns to the world stage to find solutions for climate change, trade tensions or Iran's nuclear ambitions, he no longer calls Washington. He flies to Beijing. President Emmanuel Macron's visit to China this week suggests that the...
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U.S. Commerce Secretary Wilbur Ross delivers a speech in Indo-Pacific Business Forum in Nonthaburi, Thailand, Monday, Nov. 4, 2019. (AP Photo/Sakchai Lalit)
November 04, 2019 - 3:33 am
NONTHABURI, Thailand (AP) — The U.S. is deeply committed to doing business with Southeast Asia, Commerce Secretary Wilbur Ross said Monday at a conference on the sidelines of a regional summit that President Donald Trump chose not to attend. Ross and other American officials showcased American...
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