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Articles written by Paul Wiseman

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Virus-related shutdowns bringing US economy to grinding halt

AUSTIN, Texas (AP) — It took 15 minutes for the coronavirus to wreck Shelley Hutchings' carefully calculated financial plans. Hutchings, a bartender and performer, had lined up gigs in advance of the South by Southwest film, music and technology...

 

Anxiety grips companies across the world as virus spreads

WASHINGTON (AP) — Since breaking out of China, the coronavirus has breached the walls of the Vatican. It's struck the Iranian holy city of Qom and contaminated a nursing home in Seattle. And around the world, it's carrying not just sickness and...

 

Outbreak starts to look more like worldwide economic crisis

NEW YORK (AP) — The coronavirus outbreak began to look more like a worldwide economic crisis Friday as anxiety about the infection emptied shops and amusement parks, canceled events, cut trade and travel and dragged already slumping financial...

 

For businesses, virus in China fans fear and uncertainty

China's worst health crisis in years has sparked fear and uncertainty for businesses from North America to Asia that depend on trade in the affected region. Experts say it's too soon to know how disruptive the crisis will prove. But it's already...

 

Emphasis on US exports, trade secrets in China trade deal

WASHINGTON (AP) — The United States and China reached a trade deal Wednesday that eases tensions between the world's two biggest economies, offers massive export opportunities for U.S. farms and factories, and promises to do more to protect...

 

How US-China trade deal achieved a little but left out a lot

WASHINGTON (AP) — The limited trade deal that the Trump administration and Beijing announced Friday means Americans will avoid a holiday tax increase on imported toys, clothing and smartphones. U.S. farmers can sell more soybeans and pork to...

 

Business economists see US slowing but avoiding recession

WASHINGTON (AP) — The nation's business economists expect U.S. economic growth to decelerate this year and next but for the economy to avoid stumbling into recession, extending a record-breaking expansion already in its 11th year. The latest...

 

World trade without rules? US shuts down WTO appeals court

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,...

 

US-China issues of dispute remain vast despite trade truce

WASHINGTON (AP) — The Trump administration and China declared a temporary truce Friday in their 15-month trade war. Yet the grievances that led them to impose tariffs on hundreds of billions of dollars of each other's goods remain largely...

 

AP FACT CHECK: Trump's fact-challenged week over impeachment

WASHINGTON (AP) — Facing an impeachment inquiry, President Donald Trump is turning to a familiar playbook to defend himself: attacking his investigators , blasting the inquiry as illegal and deriding the process as all-but-rigged. Many facts are...

 

Friendly fire: In trade fights, Trump targets US allies, too

WASHINGTON (AP) — President Donald Trump has risked turmoil in the financial markets and damage to the U.S. economy in waging his trade war with China, America's top strategic rival. But Trump hasn't exactly gone easy on America's friends, either....

 

'They're on,' Trump says of tariffs set to kick in on Sunday

WASHINGTON (AP) — Expect a direct hit on many U.S. consumers from President Donald Trump's latest round of tariffs on Chinese imports. He had no intention of pulling back on import taxes set to kick in Sunday. "They're on. They're on," the...

 

As global economic picture dims, solutions seem out of reach

WASHINGTON (AP) — As global leaders gather on two continents to take account of a darkening economic outlook, this is the picture they face: Factories are slumping, many businesses are paralyzed, global growth is sputtering and the world's two...

 

Trump raises tariffs on Chinese goods as trade war escalates

WASHINGTON (AP) — President Donald Trump angrily escalated his trade fight with China on Friday, raising retaliatory tariffs and ordering American companies to consider alternatives to doing business there. He also blamed Jerome Powell, the man he...

 

IMF contradicts Trump: China hasn't manipulated its currency

WASHINGTON (AP) — The International Monetary Fund sees little evidence that China's central bank has deliberately reduced the value of the nation's currency — a position at odds with the Trump administration's decision this week to accuse...

 

AP FACT CHECK: Trump twists facts on gun control and tariffs

WASHINGTON (AP) — Battling dual crises of gun violence and trade, President Donald Trump is twisting the facts in regards to gun control and exaggerating his case for tariffs against China. Speaking Wednesday, Trump defended his past incendiary...

 

Why a US-China deal that once looked close now seems far off

WASHINGTON (AP) — A deal seemed so close. As recently as May, the Trump administration and China seemed on the verge of resolving their dispute over Beijing's combative trade policies. Then it all collapsed. A cease-fire, declared by Presidents...

 

Trump says he'll put 10% tariffs on remaining China imports

WASHINGTON (AP) — President Donald Trump intensified pressure Thursday on China to reach a trade deal by saying he will impose 10% tariffs Sept. 1 on the remaining $300 billion in Chinese imports he hasn't already taxed. The move immediately sent...

 

US presses WTO to stop lenient trade treatment of China

WASHINGTON (AP) — President Donald Trump pressed the World Trade Organization on Friday to stop letting China and other economies receive lenient treatment under global trade rules by calling themselves "developing" countries. In a memo, Trump...

 

Cease-fire in US-China trade war doesn't bridge differences

WASHINGTON (AP) — Once again, Presidents Donald Trump and Xi Jinping have hit the reset button in trade talks between the world's two biggest economies, at least delaying an escalation in tension between the U.S. and China that had financial...

 

US blacklists 5 Chinese groups working in supercomputing

WASHINGTON (AP) — The United States is blacklisting five Chinese organizations involved in supercomputing, calling them national security threats and cutting them off from critical U.S. technology. The move Friday by the U.S. Commerce Department...

 

AP FACT CHECK: Trump overstates benefits from Mexico tariffs

DETROIT (AP) — President Donald Trump is overstating the benefits of his threatened tariffs on automobiles and parts imported from Mexico while glossing over the likely harm to American consumers of substantially higher prices for new cars. In...

 

China dangles a potentially harmful new threat in trade war

WASHINGTON (AP) — Facing new trade sanctions and a U.S. clampdown on its top telecommunications company, China issued a pointed reminder Wednesday that it has yet to unleash all its weapons in its trade war with the Trump administration. Chinese...

 

Trade impasse: Trump pledges $16B to farmers; markets slump

WASHINGTON (AP) — President Donald Trump rolled out another $16 billion in aid for farmers hurt by his trade policies, and financial markets shook Thursday on the growing realization that the U.S. and China are far from settling a bitter,...

 

Trump lifts tariffs on Mexico, Canada, delays auto tariffs

WASHINGTON (AP) — Bogged down in a sprawling trade dispute with U.S. rival China, President Donald Trump took steps Friday to ease tensions with America's allies — lifting import taxes on Canadian and Mexican steel and aluminum and delaying auto...

 

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