Britain’s economy is driven by domestic factors more than global ones right now, the governor of the Bank of England said on Thursday, when the central bank cut interest rates.
Category: Customs (Tariff)
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Markets Rise, Taking Steeper Tariffs in Stride
Major indexes in Asia and Europe posted gains and U.S. futures climbed in premarket trading.
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India Tariffs Could Make Spices Costlier, Trade Group Warns
Many cooking spices are imported from India, and the 50 percent tariffs on the country’s imports could drive costs higher.
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Trump’s Threat to Hit Chips With 100% Tariffs Raises Big Questions
The semiconductor supply chain is complex and global. And most chips come into the United States as part of electronics.
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Southeast Asia Looks for Clarity From U.S. on ‘Rules of Origin’
Thailand, Vietnam and other countries in the region face much higher tariffs on exports with Chinese-made components. But questions remain on how the U.S. defines a locally made product.
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Southeast Asia Looks for Clarity From U.S. on ‘Rules of Origin’
Thailand, Vietnam and other countries in the region face much higher tariffs on exports with Chinese-made components. But questions remain on how the U.S. defines a locally made product.
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Japan’s Auto Giants Are Expecting Pain Despite Trump Trade Deal
Toyota, Honda and Nissan forecast big hits to their profits despite a trade deal that cut auto levies to 15 percent. The reduced rate has yet to be implemented.
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China’s Exports Surged in July as Companies Raced to Beat Trump Tariffs
China is shipping more goods to Southeast Asia and other regions that often re-export them to the United States. China still sells three times as much to the United States as it buys.
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Staggering U.S. Tariffs Begin as Trump Widens Trade War
The duties, which the president announced last week, took effect for about 90 countries just after midnight.
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What Happened to India Becoming the Next China?
With threats of tariffs up to 50 percent, President Trump seems to be scrapping America’s plan to turn India into a counterweight to China, declaring instead that it was a “dead economy.”
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Trump to Double India’s Tariff to 50% Over Russian Oil Purchases
Tariffs on Indian exports to the United States will surge to 50 percent by late August, as part of an effort by President Trump to pressure Russia into resolving its war in Ukraine.
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Trump to Announce Additional $100 Billion Apple Investment in U.S.
The pledge was a “significant acceleration” of the company’s plan for more production in the United States, according to a White House statement.