Posts in tag

Tariffs


MARATHON, Fla. — Like other commercial fishermen along the east and west coasts, Ethan Wallace had been waiting 18 months for China — the world’s largest importer of live lobster — to lift its crushing retaliatory tariffs on American seafood that had whittled down his profits. This week, that moment came: Beijing started allowing Chinese …

Washington state legislators Sen. Marko Liias and Rep. Pat Sullivan today introduced companion bills in the Senate and House that will remove the main aerospace tax break introduced into law 16 years ago to benefit Boeing. The dramatic shift in direction will help resolve — to Boeing’s advantage — an international trade dispute at the World …

The move comes as China is grappling with the escalating coronavirus outbreak. The disease has killed 565 people, mostly in China, and infected more than 28,000 people in over 25 countries and territories. Starting next week, US goods that have a tariff rate of 10% will be reduced to 5%, and products that have a …

BEIJING—China will cut import tariffs for frozen pork, pharmaceuticals and some high-tech components starting from Jan. 1, a move that comes as Beijing and Washington are trying to complete a phase-one trade deal. The plan, approved by China’s cabinet, will lower tariffs for all trading partners on more than 859 types of products to below …

Supply chain leaders have a lot on their plate these days. A recent survey, “2109 Cognitive Sourcing Study”, released by LavaData, a company that delivers applied AI,  asked more than  200 senior procurement and supply chain leaders at global manufacturing firms about a variety of issues including technologies and tariffs. In the tariff department, 89%, …

UNITED NATIONS (Reuters) – The Chinese government’s top diplomat said on Friday that tariffs and trade disputes could plunge the world into recession and Beijing was committed to resolving them in a “calm, rational and cooperative manner.” Chinese Foreign Minister Wang Yi addresses the 74th session of the United Nations General Assembly at U.N. headquarters …

The Chinese government issued tariff exemptions on 16 products, including shrimp, fish meal and cancer treatment drugs. Chinese importers can apply for a refund of tariffs already levied on 12 of the products. Four products, including whey, are eligible for the exemption but not for refunds. The exemptions will start September 17 and last for …

A cargo ship holds shipping containers as other containers sit at the Port of Los Angeles, the nation’s busiest container port, in September 2018. Mario Tama | Getty Images News | Getty Images BEIJING — China is moving slowly in the implementation of retaliatory tariffs as trade tensions with the U.S. escalate. The Chinese government …

© Reuters. Traders work on the floor at the New York Stock Exchange (NYSE) in New York By Hideyuki Sano TOKYO (Reuters) – Global stock prices fell on Monday after the United States and China imposed new tariffs on each other’s goods, reinforcing investors’ worries over slowing global growth. The E-mini futures for U.S. S&P500 …

Larry Kudlow, director of the U.S. National Economic Council, speaks during a Bloomberg Television interview outside the White House in Washington, D.C., U.S., on Friday, Aug. 2, 2019. Andrew Harrer | Bloomberg | Getty Images White House economic adviser Larry Kudlow said on Sunday that he doesn’t believe China will retaliate against additional tariffs on …