Tag

Import

All articles tagged with #import

business3 months ago

Trump to Implement 25% Tariff on Imported Heavy Trucks Starting Nov. 1

President Trump announced a 25% tariff on all imported medium and heavy-duty trucks entering the U.S. starting November 1, 2025, as part of his broader strategy to protect domestic manufacturers amid ongoing trade tensions and investigations into national security concerns. This move marks an expansion of sector-specific tariffs, complicating international trade relations and impacting global automakers.

business6 months ago

U.S. Tariffs on Brazil May Increase Coffee and Breakfast Costs

President Trump's plan to impose a 50% tariff on Brazilian imports is expected to increase coffee prices in the US, exacerbating already rising costs due to droughts and reduced harvests in key coffee-producing countries. This could lead to higher consumer prices, supply chain disruptions, and shifts in global coffee trade flows, impacting both consumers and the industry.

health2 years ago

Australia Implements Strict Measures to Curb Vaping Epidemic

Australia will ban the import of disposable vapes in January as part of a crackdown on vaping, with the ban expanding in March to include all non-therapeutic vapes. The move comes in response to concerns about the growing popularity of these nicotine-filled devices among young people. The legislative package will also provide additional funding for enforcement agencies. Doctors and nurses will be given expanded powers to prescribe therapeutic vapes, but these will be subject to restrictions on flavors, nicotine levels, and packaging.

business2 years ago

Russian Airlines Defy Sanctions, Import $1.2Bln Worth of Western Parts to Sustain Fleet

Russian airlines, including Ural Airlines, Norwdind Airlines, S7, and Aeroflot, have imported $1.2 billion worth of spare parts for Western aircraft from third-party suppliers between May 2022 and June 2023, despite sanctions aimed at restricting such imports. The parts, including devices made by Northrop Grumman, cabin pressure valves, cockpit displays, landing gear, and water filters, are crucial for maintaining the airworthiness of Russia's fleet of 541 Boeings, Airbuses, and other Western-made planes. The suppliers are located in China, Turkey, the United Arab Emirates, Moldova, Tajikistan, and Kyrgyzstan. The initial shock of the sanctions led to the development of new supply channels, reducing prices and delivery times, and mitigating some of the issues faced by Russian airlines in maintaining their aircraft.

energy2 years ago

Nigeria's Petrol Prices Skyrocket After Subsidy Removal

Nigerian petrol prices have reached a record high of 617 naira ($0.78) per litre after the removal of a popular but costly fuel subsidy by President Bola Tinubu in May. The subsidy, which had kept fuel prices cheap for decades, cost the government $10 billion last year. Since the removal, 56 private firms have been licensed to import petrol, with 10 of them set to start deliveries in the third quarter. Nigeria imports almost all its refined fuel due to inadequate refining capacity and neglect of existing refineries.

automotive2 years ago

Japanese mini trucks gaining popularity in the US with $5k price tag.

Kei trucks, tiny Japanese trucks that cost as little as $5,000, are becoming increasingly popular in the US, particularly among farmers, surfers, and hunters. These trucks are about 11 feet long and less than seven feet high and are typically limited to 25 miles an hour. While they are a common sight on Japanese roads, they are subject to certain restrictions in the US, and buyers need to be aware of Department of Transportation and Environmental Protection Agency regulations.

energy2 years ago

Pakistan receives discounted Russian crude in first shipment.

Pakistan has received its first shipment of Russian crude oil under a discount deal signed in April. The cargo carrying 45,000 metric tonnes of crude oil arrived at the southern city of Karachi on Sunday while another 50,000 metric tonnes is expected to arrive later this week. The deal is expected to provide a new oil market for Russia after India and China as the Ukraine conflict rages on. Pakistan is reeling under a severe economic crisis, resulting in a shortage of foreign currency to pay for fuel imports. However, experts believe it will be too soon to say if the deal will provide significant benefit to domestic consumers.