BRUSSELS — The European Commission wants to prevent Russia from using farm products as a tool to wreak havoc on the EU market and is moving to impose tariffs on grain imports from Russia and Belarus. The tariffs are also aimed at denying Russia revenue, because they will effectively suppress exports to the EU, the … Read more
Global logistics companies tell CNBC they have started the planning for a potential Trump win in November and the strategies that will be needed to mitigate any additional tariffs, with Mexico a key import gateway for any escalation in the trade war against China begun under Trump and continued during the Biden presidency. The planning … Read more
Think quick — how much does a top-of-the-line iPhone 15 Pro Max cost? If you said around $1,600, you’d be right, but only if you’re based in the U.S. In Turkey, the same phone will set you back almost $3,000. That gap introduces a fantastic opportunity for arbitrage — and a lively second-hand and refurbished … Read more
US President Donald Trump and China’s President Xi Jinping attend a business leaders event inside the Great Hall of the People in Beijing on November 9, 2017. Nicolas Asfouri | AFP | Getty Images Former President Donald Trump plans to escalate the U.S-China trade war he launched during his first term as president if he … Read more
By Joe Cash BEIJING (Reuters) -China’s commerce minister expressed concern over U.S. curbs on semiconductor exports to China, as well as sanctions on Chinese firms and tariffs on Chinese imports, when he met U.S. Commerce Secretary Gina Raimondo on Thursday, his ministry said Friday. Wang Wentao told Raimondo in San Francisco: “it is very important … Read more
Australia has urged China to abolish all remaining commerce restrictions after Beijing lifted tariffs on its barley imports, pointing to indicators of a normalization in bilateral ties. Canberra is anticipating its largest buying and selling accomplice to subsequent drop tariffs on Australian wine imports that have been launched in March 2021. On the peak of … Read more
US President Joe Biden vetoed laws Tuesday that might have restored tariffs on photo voltaic panels from Southeast Asia. The White Home mentioned the veto, solely the third in Biden’s presidency, will assist preserve the provision chain as photo voltaic installations — and home photo voltaic panel manufacturing — ramp up within the US. In … Read more