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Stories tagged: trade


U.S. trade deficit fell in July

The U.S. trade deficit fell in July as imports declined slightly and exports rose to the highest level in 10 months, a possible sign that global demand for American products …


Apple’s tax fight could spur congressional action, treasury secretary says

U.S. Treasury Secretary Jacob Lew is criticizing a European ruling that Apple owes more than $14.5 billion in back taxes. He says the decision may spur Congress to finally address …


Germany working hard to conclude U.S. trade deal, Merkel aide says

German Chancellor Angela Merkel’s chief of staff is insisting that Berlin wants to press ahead with concluding a sweeping European Union-U.S. trade deal, underscoring divisions in the country’s governing coalition.


Brazil’s President Rousseff ousted from office by Senate

Brazil’s Senate on Wednesday voted to remove President Dilma Rousseff from office, the culmination of a yearlong fight that paralyzed Latin America’s largest nation and exposed deep rifts among its …


Political issues weigh on upcoming G-20 summit in China

While the global economy will dominate at this weekend’s summit of the Group of 20 industrialized and emerging-market nations, politics and security issues form the backdrop to the gathering of …


British leaders make Brexit plans as talk grows of new vote

British Prime Minister Theresa May has firmly rejected the notion of a second referendum on the country’s membership in the European Union, insisting Wednesday that the U.K. wouldn’t attempt a …


Historic commercial flight from U.S. lands in Cuba

The first commercial flight between the United States and Cuba in more than a half century flew out of Fort Lauderdale for the central city of Santa Clara on Wednesday …


Mexico wonders why its president is meeting with Trump

President Enrique Pena Nieto awoke to a storm of criticism from Mexicans over his decision to meet Wednesday with Republican presidential candidate Donald Trump, who is widely reviled in Mexico …


French Coca-Cola workers find smuggled cocaine in shipment

Workers at a Coca-Cola factory in southern France opened a shipment of orange juice but found a huge shipment of cocaine instead.


Trudeau hails new era of China-Canada ties on Beijing visit

Canadian Prime Minister Justin Trudeau on Wednesday hailed a new era in relations with China during his first official visit to a key trading partner, saying he aims to boost …


German labor market strong with unemployment at 6.1 percent

The number of Germans without jobs dropped slightly in August in seasonally adjusted terms, leaving the unemployment rate in Europe’s largest economy unchanged at 6.1 percent.


Eurozone inflation remains low in wake of energy price slump

Consumer price inflation in the eurozone remained at a low annual rate of 0.2 percent in August mainly due to a slump in energy costs from last year.


EU orders Apple to pay up to $14.5 billion in back taxes

Apple has to pay up to $14.5 billion – plus billions more in interest – in back taxes to Ireland after the European Union found Tuesday that the U.S. technology …


US economy grew at tepid 1.1 percent pace in spring

The U.S. economy expanded at a sluggish 1.1 percent pace this spring as businesses sharply reduced their stockpiles of goods and spent less on new buildings and equipment. Yet most …


Case for interest rate hike ‘has strengthened in recent months,’ Fed chair says

Federal Reserve Chair Janet Yellen signaled Friday that an increase in a key interest rate was on the table at the central bank’s next meeting in September but that a …


Orders for U.S. durable goods rebounded in July

Orders to U.S. factories for big-ticket manufactured goods surged in July, lifted in part by the biggest increase in orders in a key investment category since January.


Sarkozy to run for French presidency next year

France’s former conservative president Nicolas Sarkozy announced Monday he is running for the presidency again in next year’s elections, an awaited move that is expected to lead to a tough …


Globalization not source of most problems

If there were no foreign trade in steel, most of those jobs would have vanished anyway.


OfferUp may be Puget Sound region’s only tech legend

OfferUp may soon become the Puget Sound region’s only tech unicorn, throwing Bellevue into the mix of places to look for the controversial and endangered species. The Bellevue buy-sell startup, …


Sue Lani Madsen: Brazilian beef decision highlights power struggles behind trade pacts

The decision by the United States to allow fresh beef imports from Brazil threatens the cattle industry in this country.


Obama presses ahead on TPP, brushing off Clinton’s critique

President Barack Obama brushed off opposition from Hillary Clinton and Donald Trump to a free-trade agreement with Asia on Tuesday, vowing to try to force the Trans-Pacific Partnership through Congress …


Sam Reed: Trade and immigration bashing hurts state

Washington state has built one of the top trade hubs in the world with 75 public deep-water ports, 139 airports, more than 7,000 miles of highways and 3,600 miles of …


U.S.-banned genetically modified wheat found in Washington

Federal authorities say genetically modified wheat that’s banned for sale or production in the United States has been found growing in a field in Washington state.


U.S. economy grew at weak 1.2 percent annual rate in second quarter

The weak start to 2016 continued through the spring, with the U.S. economy growing at a surprisingly weak 1.2 percent annual rate in the second quarter, the Commerce Department said …


SABMiller to recommend AB Inbev deal despite value shift

The board of brewer SABMiller says it intends to “recommend” that shareholders accept Anheuser-Busch InBev’s revised takeover offer, clearing the way for a shareholder vote on the mega-deal.


Eurozone growth halves in Q2 but inflation inches up in July

Official figures show that economic growth across the 19-country eurozone halved in the second quarter of the year, a development that’s probably more likely due to the fading boost from …


Robert Samuelson: Don’t expect truth-telling in Cleveland

The pledge to make America great again” is not an economic project. It’s an exercise in mass psychology.


Brexit minister: Some EU migrants may have to leave UK

Some European Union citizens may not be allowed to stay in Britain after the U.K. leaves the bloc, the U.K. minister in charge of negotiating the divorce has said.


Senate Democrats call for extending Iran sanctions law

A group of Senate Democrats is pushing for the renewal of a decades-old law that allows the United States to hit companies with economic sanctions for doing business with Iran.


Fed survey finds modest growth across most of U.S.

The Federal Reserve says the economy and hiring continued to expand modestly across most of the United States from mid-May through June, leaving some firms struggling to find skilled workers.