Wednesday, April 26, 2017

International trade

International Monetary Fund Managing Director Christine Lagarde speaks during the 2017 World Bank Group Spring Meetings in Washington, Thursday, April 20, 2017. (AP Photo/Carolyn Kaster)

BY MARTIN CRUTSINGER and PAUL WISEMAN WASHINGTON (AP) — World finance leaders on Thursday defended globalization against an assault from President Donald Trump and European populists. They argued that blocking free trade would hobble economic growth instead of saving jobs ...
German Federal Finance Minister Wolfgang Schaeuble, left, and US Finance Minister, Steven Mnuchin interact during a joint press conference in Berlin, Germany, Thursday, March 16, 2017. (Soeren Stache/dpa via AP)

BY DAVID McHUGH BADEN-BADEN, Germany (AP) — U.S. Treasury Secretary Steven Mnuchin headed into a tussle over free trade Friday at a summit that will help set the tone for the global economy. The Group of 20 gathering will be ...
In this Wednesday, Nov. 30, 2016 file photo, Steven Mnuchin, talks with reporters in the lobby of Trump Tower, in New York. (AP Photo/Evan Vucci, File)

BY DAVID McHUGH and MARTIN CRUTSINGER FRANKFURT, Germany (AP) — U.S. President Donald Trump has vowed to get tough on trade partners like China, Mexico and Germany. Now his Treasury chief, Steven Mnuchin, will get his first opportunity to confront ...
Brazilian Roberto Azevedo, Director General of the World Trade Organization, WTO, informs the media about the Trade Facilitation Agreement, during a press conference at the headquarters of the World Trade Organization, WTO in Geneva, Switzerland, Wednesday, Feb. 22, 2017. (Salvatore Di Nolfi/Keystone via AP)

BY JAMEY KEATEN GENEVA (AP) — The first multilateral trade agreement reached under the World Trade Organization since it was created over a generation ago has taken force, aiming to streamline cross-border trade to the benefit of the developing world ...
In this Wednesday, Jan. 25, 2017, file photo, a tug boat goes by the pier of a container terminal in Tokyo. (AP Photo/Eugene Hoshiko)

BY ELAINE KURTENBACH TOKYO (AP) — Talk of a possible 20 percent tax on U.S. imports from Mexico raised eyebrows Friday in Asia, where exports to the U.S. drive growth in many economies. Reaction to the news was more muted ...
A tug boat goes by the pier of a container terminal in Tokyo, Wednesday, Jan. 25, 2017. (AP Photo/Eugene Hoshiko)

BY ELAINE KURTENBACH TOKYO (AP) — Japan posted its first trade surplus in six years in 2016 thanks to a rebound in exports late in the year and persisting low oil prices, though uncertainties over U.S. policy and global growth ...
President Donald Trump signs an executive order to withdraw the U.S. from the 12-nation Trans-Pacific Partnership trade pact agreed to under the Obama administration, Monday, Jan. 23, 2017, in the Oval Office of the White House in Washington. (AP Photo/Evan Vucci)

BY JOSH BOAK WASHINGTON (AP) — President Donald Trump said he was protecting jobs as he officially pulled out from the proposed Trans-Pacific Partnership trade deal. But his ability to help the U.S. economy might depend on whether Trump can ...
In this Aug. 10, 2016, file photo, Australian Prime Minister Malcolm Turnbull speaks in Sydney. (AP Photo/Rick Rycroft, File)

BY KRISTEN GELINEAU SYDNEY (AP) — U.S. President Donald Trump’s decision to pull out of the Trans-Pacific Partnership, as promised, is prompting other member countries to seek ways to salvage the trade pact. Leaders of some of the 11 other ...
From left, France's Christine Lagarde, Managing Director of the International Monetary Fund, IMF, Bank of Japan Governor Haruhiko Kuroda, British Treasury Chief Philip Hammond, Laurence D. Fink, Chairman and CEO of BlackRock Inc. and German Finance Minister Wolfgang Schaeuble attend a plenary session during the closing day of the 47th annual meeting of the World Economic Forum, WEF, in Davos, Switzerland, Friday, Jan. 20, 2017. (Laurent Gillieron/Keystone via AP)

BY PAN PYLAS and JAMEY KEATEN DAVOS, Switzerland (AP) — It’s been impossible to escape the shadow of Donald Trump at this year’s gathering of the business elites at the World Economic Forum in the Swiss ski resort of Davos. ...
Japanese Economic Revitalization Minister Nobuteru Ishihara, Foreign Minister Fumio Kishida and Agriculture Minister Yuji Yamamoto, from left, bow after the Trans-Pacific Partnership (TPP) was approved during a special committee at the parliament's upper house in Tokyo Friday, Dec. 9, 2016. (Yoshinobu Shimizu/Kyodo News via AP)

BY ELAINE KURTENBACH TOKYO (AP) — Japanese Prime Minister Shinzo Abe won parliamentary approval Friday for ratification of the Trans-Pacific Partnership, despite U.S. President-elect Donald Trump’s plan to withdraw from the 12-nation trade pact. Upper house lawmakers approved the TPP ...
X