trade news stories on Newser

Obama Files Trade Complaint Against China

Kevin Spak — Tue, 13 Mar 2012 13:52:05 CDT

The US, Japan, and the European Union filed a joint complaint against China with the World Trade Organization today over Beijing's limits on rare-earth mineral exports, which they say violate China's international agreements. In a speech in the Rose Garden, President Obama accused China of "skirting the rules," and hurting...

Don't Kid Yourself, Tea Party: Elites Are Still In Charge

Kevin Spak — Thu, 13 Oct 2011 13:55:05 CDT

The supposedly tea-stained House of Representatives passed three free trade bills yesterday, despite ample polling data showing that Tea Party voters are strongly opposed to free trade. It’s just further proof, writes Dana Milbank of the Washington Post , that “for all the talk of populist foment,” from the Tea Party...

China Threatens 'Trade War' Over Senate Bill

Kevin Spak — Mon, 10 Oct 2011 10:54:24 CDT

A senior Chinese official warned today that the US is in for a “trade war” if it enacts a Senate bill that would punish China for artificially keeping its currency low. The bill “in no way represents the reality of the economic and trade relationship between China and the US,...

China Overtakes Germany as World's Largest Exporter

Emily Rauhala — Sun, 10 Jan 2010 12:19:00 CST

China's exports rose 17.7% in December, ending a 13-month drop in trade and stealing the title of 'world's largest exporter' from Germany. The year-on-year surge is seen as a sign that China's hard-hit manufacturers have made it through the financial storm. But it's not all good news for China,...

How Australia Dodged the Recession

Nick McMaster — Fri, 16 Oct 2009 17:42:30 CDT

Australia has weathered the financial crisis better than any other developed country. Last week its central bank raised interest rates, indicating its primary concern is now inflation, not growth. What were the keys? Phil Dobbie of BNET explains: Befriending China: Australia used to export much of what it made to...

Phillies Strike Deal for Cliff Lee

Nick McMaster — Wed, 29 Jul 2009 15:31:30 CDT

The Phillies will get pitcher Cliff Lee from the Cleveland Indians, Fox Sports reports. In return for the 2008 Cy Young winner and outfielder Ben Francisco, Philadelphia will trade Jason Knapp, Carlos Carrasco, Jason Donald and Lou Marson to the Indians.

Only Trade Can Rescue World Economy: Brown

Jason Farago — Thu, 28 May 2009 08:35:00 CDT

The banking crisis has stabilized, according to Gordon Brown, but a new calamity has replaced it: "a trade crisis" that is killing jobs in industrialized nations and exacerbating poverty in developing ones. Globalization has compounded the downturn, but it can also accelerate the pickup, the British PM writes in a...

Mexico Slaps US With Tariff

Tue, 17 Mar 2009 01:00:00 CDT

Mexico said yesterday it will increase tariffs on about 90 US products in retaliation for last week's decision to end a pilot program that allowed some Mexican trucks to transport goods in the United States. The measure will affect about $2.4 billion in trade involving goods from 40 states....

New White House Tougher on Trading Partners

Jason Farago — Tue, 10 Mar 2009 08:01:02 CDT

The Obama administration is taking a harder line with trading partners, reworking policy to emphasize priorities from unemployment at home to climate change, the Washington Post reports. The White House will seek to renegotiate trade deals with South Korea and Colombia and will demand broad concessions from other countries at...