Tag

Internationaltrade

All articles tagged with #internationaltrade

business-and-economy2 years ago•2 min saved

"U.S. Imposes Final Duties on Tin Mill Steel Imports Amid Dumping Concerns from China and Allies"

The U.S. Commerce Department has imposed final anti-dumping duties on tin mill products from China, Canada, Germany, and South Korea, with the highest duties of 122.5% on Chinese imports, in response to findings of dumping and subsidization. Conversely, the department found no dumping from the Netherlands, Taiwan, Turkey, and the UK. The U.S. International Trade Commission must still confirm that U.S. producers are materially injured by these imports for the duties to remain in effect. Canada expressed disappointment, citing negative impacts on supply chains and inflation.

via Reuters|

##antidumpingduties #business-and-economy

businesseconomy2 years ago•0 min saved

"U.S. Imposes Final Duties on Tin Mill Steel Imports Amid Dumping Concerns from China, Canada, Germany, and Korea"

The US Commerce Department has determined that tin mill products from Canada, China, Germany, and South Korea are being dumped in the US market, with additional subsidies on Chinese imports. In contrast, products from the Netherlands, Taiwan, Turkey, and the UK are not facing such allegations. As a result, preliminary anti-dumping duties, including a significant 122.5% on Chinese tin mill steel, have been imposed to counteract these practices.

via South China Morning Post|

##antidumpingduties #businesseconomy

international-relations2 years ago•1 min saved

"US and Allies Threaten Action Against Houthis to Safeguard Red Sea Maritime Route"

The United States and a coalition of international allies have issued a warning to Houthi militants, threatening unspecified consequences if their disruptive actions in the Red Sea continue. The Houthis have been targeting shipping routes, particularly the Bab-el-Mandeb Strait, with drone strikes, missile attacks, and hijackings, claiming to target vessels linked to Israel. These actions have been condemned as illegal and destabilizing to global trade and maritime security. The U.S. Navy has already responded by destroying Houthi boats that attempted to board a commercial vessel. The allied nations demand an immediate cessation of attacks and the release of detained vessels and crews, holding the Houthis responsible for any further threats to lives and commerce.

via POLITICO Europe|

##houthimilitants #international-relations

international-relations-economics2 years ago•3 min saved

"Argentina Declines BRICS Membership, Alters Global Trade Dynamics"

Argentina's new President Javier Milei has decided against joining the BRICS trading bloc, led by China and Russia, marking a significant shift from the country's previous administration's intentions. Milei, who has been implementing deregulatory economic policies since taking office, has expressed a preference for aligning with Western nations and plans to review decisions made by the former government. Despite China and Brazil being Argentina's top trading partners, Milei's stance reflects his campaign criticisms of communist countries and his commitment to "free nations." This move represents a setback for BRICS' efforts to expand its influence and counter Western economic dominance.

via Fox News|

##argentina #brics

world-news2 years ago•4 min saved

"US Navy Counters Houthi Maritime Threats Amid Rising Red Sea Tensions"

Yemen's Houthi rebels continue to launch attacks on commercial shipping in the Red Sea despite increased international efforts to secure the vital maritime route. The U.S. Navy's 5th Fleet commander reports that no ships have been hit since the start of Operation Prosperity Guardian, with Denmark joining the mission and more nations expected to follow. The operation has seen warships from the U.S., France, and the UK patrolling the area, intercepting several Houthi drones and missiles. Shipping companies had rerouted vessels due to the threat, but some are now resuming passage through the Red Sea as security measures intensify.

via The Associated Press|

##houthirebels #internationaltrade