×

Economic Measures Trade

  • *China sells ready to discuss with EU. BEIJING/ BRUSSELS, Feb 28- China expressed concerns on Tuesday over what it said was increasing protectionism after European Union regulators imposed new duties on steel imports from the world's biggest producer. The companies named in the Commission's ruling included Nanjing Iron& Steel Co Ltd, Minmetals Yingkou Medium...

  • LAUNCESTON, Australia, Feb 28- If you did nothing more than look at China's imports of iron ore, you would be satisfied that the robust rally in the price of steel-making ingredient is entirely justified. The strength in iron ore imports is being mirrored in the price, with futures on the Dalian Commodity Exchange rising 2.7 percent to close at 710.5 yuan a tonne on...

  • BEIJING, Feb 28- China's Commerce Ministry said on Tuesday it was "seriously concerned" by what it said was Europe's increasing protectionism in the steel industry after regulators slapped anti-dumping duties on certain types of plate steel imports from the world's top producer. On Tuesday the European Commission imposed definitive anti-dumping duties...

  • WASHINGTON, Feb 28- Major U.S. corporations are going to war in Washington over a Republican' border adjustment' tax proposal meant to boost exports over imports, with lawmakers in Congress coming under pressure from some of the nation's biggest employers. The political split that is opening, most pronounced in the narrowly divided Senate, could doom the...

  • *Asian buyers take 1.64 mln bpd of Iran oil in Jan- data. Iran's top four Asian buyers- China, India, South Korea and Japan- imported 1.64 million barrels per day last month, up 67.6 percent on a year earlier, government and ship-tracking data showed. Iran was exempted from an OPEC deal to reduce output by 1.2 million bpd starting Jan. 1, a victory for Tehran which has argued...

  • Protectionist threats leveled against China are likely to run into one big roadblock: Often, there’s nowhere else for U.S. consumers to shop.

  • LAUNCESTON, Australia, Feb 28- If you did nothing more than look at China's imports of iron ore, you would be satisfied that the robust rally in the price of steel-making ingredient is entirely justified. The strength in iron ore imports is being mirrored in the price, with futures on the Dalian Commodity Exchange rising 2.7 percent to close at 710.5 yuan a tonne on...

  • Wilbur Ross benefited a lot from free trade: Academic

    How Wilbur Ross balances his views on free trade with the Trump administration's will be interesting, says Eswar Prasad, professor at Cornell University.

  • SYDNEY, Feb 28- U.S. wheat edged up on Tuesday to move away from near a one-week low touched the day before, remaining on track for its biggest monthly gain in 17 months on expectations of strong demand for U.S. exports. *The most active wheat futures on the Chicago Board of Trade are up more than 4.5 percent for the month in what would be the biggest such gain since...

  • TOKYO, Feb 28- Japan's industrial output unexpectedly fell in January for the first time in six months, pressured by a slowdown in shipments of cars to the United States in a sign of an economy grappling for a more sure-footed recovery. While Asian exports, including Japanese sales, have started to recover from late last year, the jury is still out on whether the...

  • The big question in Trump's trade policy

    Frank Lavin, CEO of Export Now, says it remains to be seen if the Trump administration will adopt affirmative trade policies.

  • TOKYO, Feb 28- Japan's industrial output unexpectedly fell in January for the first time in six months, knocked by a slowdown in shipments of cars to the United States in a sign of an economy grappling for a sustainable recovery. The ministry said factories curbed production due to a slowdown in shipments of cars to the United States, where President Donald Trump...

  • Trump has threatened to slap hefty taxes on imports from Mexico to the United States and to scuttle the North American Free Trade Agreement with Mexico and Canada if it cannot be renegotiated to benefit U.S. interests. Femsa, which said it would raise capital expenditure modestly this year to $1.3 billion, flagged uncertainty over NAFTA, foreign direct...

  • MOSCOW, Feb 27- Russia is proposing the creation of an OPEC- like organization for the global aluminum industry, TASS news agency quoted Russian Industry and Trade Minister Denis Manturov as saying on Monday. OPEC, the Organization of the Petroleum Exporting Countries, unites some of the world's largest oil producers. Its members, together with non- OPEC oil...

  • MOSCOW, Feb 27- Russia is proposing the creation of an OPEC- like organisation for the global aluminium industry, TASS news agency quoted Russian Industry and Trade Minister Denis Manturov as saying on Monday. OPEC, the Organization of the Petroleum Exporting Countries, unites some of the world's largest oil producers. Its members, together with non- OPEC oil...

  • Free trade vs. 'America First'

    Discussing the current rhetoric around free trade in the U.S. with Ian Bremmer, Eurasia Group president, and Tony Crescenzi, Pimco executive vice president & portfolio manager.

  • Feb 27- Mexico's economy minister Ildefonso Guajardo warned that his country will break off negotiations on the North American Free Trade Agreement if the United States were to propose tariffs on products from Mexico, Bloomberg reported on Monday. "The moment that they say,' We're going to put a 20 percent tariff on cars,' I get up from the table," Guajardo told...

  • BEIJING, Feb 27- China's trade deficit in services narrowed to $20.9 billion in January from $26.1 billion in December, the foreign exchange regulator said on Monday. January's deficit was largely due to a $19.7 billion gulf in spending between foreign tourists and the Chinese, who splurge more abroad than foreign tourists in China, data from the State...

  • A Chinese steel worker helps load steel rods onto a large truck for transport at a plant on April 6, 2016 in Tangshan, Hebei province, China.

    If Trump labels China a currency manipulator, the confrontation would escalate, said David Roche, global strategist at Independent Strategyy.

  • HONG KONG, Feb 27- China's yuan fell against the U.S. dollar on Monday after the central bank set a weaker midpoint to reflect global dollar strength, but traders said room for depreciation is expected to be limited as the threat of a trade war from the U.S. lingers. The People's Bank of China set the midpoint rate at 6.8814 per dollar prior to the market open, weaker...