Trade

WASHINGTON (AP) — Congress is showing its unhappiness with a federal court ruling that restricted the government’s ability to impose higher trade penalties on China when it subsidizes exports to the United States. There’s a new proposal to restore the Commerce Department’s power to take on China’s unfair trade practices...

WASHINGTON (AP) — The U.S. trade deficit widened in November for the first time in five months, largely because of a spike in the price of imported oil. Still, exports fell for a second straight month, a sign that Europe’s slowdown has begun to affect the U...

GENEVA (AP) — The World Trade Organization agreed Friday to allow Russia to become its newest member, giving a critical boost to the ailing economy of its biggest trading partner, the European Union. Until now, Russia has been the only member of the Group of 20 leading world economies still outside the WTO, the global body that sets legally binding rules for international trade and mediates disput