In the event the EU does not pay up, Brazil is likely to impose additional tariffs on hike up existing ones, including the one on powdered milk. Following the imposition of import tariffs by the European Union on Brazil, the… Read More ›
steel
EU to impose import restrictions on steel
The development comes in the wake of U.S. President Donald Trump’s imposition of metals tariffs on the bloc. On Friday, according to a filing in the European Union’s official journal, the EU is set to impose import limits on steel… Read More ›
China to cut import tariffs on wide range of products
Faced with an escalating trade war with its biggest trading partner, the United States, these steps are aimed at boosting its competitiveness. According to a statement from China’s ministry of finance, Beijing will slash import duties on products, including textiles… Read More ›
Select countries get relief from U.S. tariff hikes for aluminum and steel
The U.S. Commerce Department has stated Trump has signed proclamations permitting relief from U.S. tariffs on aluminum and steel for a select few countries. As per the U.S. Commerce Department, U.S. President Donald Trump has signed proclamations which permit targeted… Read More ›
EU leaders unite over screening of foreign investment and Trump’s aluminum and steel tariffs
Although the leaders of the world’s largest trading bloc did not specifically mention China and the United States, the writing on the wall is lucid. On Friday, leaders across the European Union pledged to act unanimously and firmly against protectionism… Read More ›
The EU will act against U.S. tariffs on aluminum and steel: Angela Merkel
In an unusual combative move, here is what German Chancellor Angela Merkel said after the G7 summit in Canada. German Chancellor Angela Merkel voiced regret vis-a-vis U.S. President Donald Trump’s abrupt decision to withdraw support for a G7 communique. On… Read More ›
Mexico likely to impose 20% import duty on U.S. pork legs
Mexico can fallback on the EU to source its pork or it could also get them from Canada. In 2017, Mexico imported 840,000 tonnes of pork. On Tuesday, according to two sources with direct knowledge of the matter at hand,… Read More ›
U.S. steel tariff to have little impact: Salzgitter
Salzgitter is the second largest steel producer in the EU. On Friday, Germany’s second-largest steelmaker, Salzgitter said, it expects U.S. steel tariffs to have limited impacts on its business. “Our direct exposure is small,” said Salzgitter’s spokesman while declining to… Read More ›
U.S. trade action risks alienating key allies
Although Trump’s ‘America First’ policy looks good on paper, the way it is being implemented could see more than 2 million jobs being lost n the very states that voted for Trump and his candidates. Following the imposition of stiff… Read More ›
Japan calls on joint efforts with U.S.to block Chinese market-distorting investment practices
The requests came on the sidelines of the G7 finance ministers meeting in Canada. As per a senior official from Japan’s ministry of finance, Tokyo has called on the United States to join its efforts in stopping Beijing from making… Read More ›
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