British Prime Minister Boris Johnson is weighing options which includes a plan for imposing carbon tax on imports from polluting industries in am aim to protect British farmers from foreign rivals. The proposal which initially was targeted at heavy industry,… Read More ›
On Thursday, in a significant development, Chinese President Xi Jinping stated, Beijing will reduce its tariffs and expand imports of high-quality goods and services; he also vowed to push reforms and promote an innovation-driven growth model. The development comes in… Read More ›
In a statement, the European Commission stated, the European Union will impose duties of up to 48% on imports of aluminum extrusions from China, citing exports of the same at unfairly low prices. According to an EU official, duties, ranging… Read More ›
In a significant development, the head of Saudi Arabia’s Chambers of Commerce called for a boycott of Turkish goods and service midst merchants’ reports of animosity between Riyadh and Ankara. Since years, both countries have been at loggerheads over foreign… Read More ›
On Monday, in a development that will further escalate U.S.-China tensions, China’s commerce ministry stated, it has launched an anti-subsidy probe into some glycol ethers imports from the U.S. starting from September 14. The development comes in the wake of… Read More ›
On Monday, in August with more countries relaxing coronavirus lockdowns, exports from China have risen for the third consecutive month by 9.5% from a year earlier, according to customs data, marking the strongest gain since March 2019. China’s imports have… Read More ›
On Tuesday, after sinking into negative territory for the first time ever, U.S. oil prices climbed back into positive ground although Brent continued its downward trend midst falling demand during the coronavirus pandemic. As of 0356 GMT, U.S. West Texas… Read More ›
In a significant development, the euro zone’s trade surplus with the world grew in February, with imports from China falling sharply. The unadjusted goods trade surplus grew to $25.1 billion (23.0 billion euros) in February, compared with 18.5 billion euros… Read More ›
According to customs data, in the first three months of this year, China imported U.S. farm goods worth $5.05 billion (35.56 billion yuan), up by 110% from last year. Under the phase 1 trade deal, China has committed to purchasing… Read More ›
On Friday German news magazine Der Spiegel reported German Economy Minister Peter Altmaier as saying, he wants to support pharmaceuticals companies that are dependent for key reagents on imports from Asia in order to rebuild their production sites in Europe…. Read More ›
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