International Trade

New tariffs could cost California nut and fruit industries over $3B

The ongoing international trade turmoil between the U.S. and other countries has prompted import tariffs on many U.S. agricultural commodities in important export markets, which could hurt U.S. farmers. A new report released by the University of California Agriculture and Natural Resources’ Agricultural Issues Center estimates the higher tariffs could cost major U.S. fruit and nut industries $2.64 billion per year in exports to countries imposing the higher tariffs, and as much as $3.34 billion by reducing prices in alternative…

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Prime Minister to hold Cabinet retreat in BC | South Asian Daily

Ottawa – Prime Minister, Justin Trudeau has announced he will hold a Cabinet retreat in Nanaimo, British Columbia, from August 21 to 23. The retreat will be the first meeting of the new Cabinet before Parliament resumes in September. During the retreat, the Prime Minister and ministers will discuss ways to deliver economic growth and create good, middle class jobs for Canadians. Discussions will focus on diversifying international trade, eliminating trade barriers between provinces and territories, and maintaining the integrity…

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Dealing with diverted steel — Q and A with Finance Minister Bill Morneau

The federal government is planning safeguards — that could include quotas and additional tariffs — to protect domestic steelmakers from an influx of foreign steel diverted from the U.S. because of tariffs imposed by Donald Trump. Finance Minister Bill Morneau was in Hamilton Tuesday to announce a 15-day consultation period to discuss options to deal with imports of steel plate, concrete reinforcing bar, energy tubular product, hot-rolled sheet, prepainted steel, stainless steel wire and wire rod. He also met with…

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Noem says USDA pay outs will be determined by commodity

WASHINGTON, D.C. (WNAX) – The rules and details of a federal $12 billion ag bailout bill are still being written. The money is supposed to soften the impact on ag producers of the ongoing international trade war. South Dakota Congresswoman Kristi Noem says pay outs will be determined by commodity. http://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/238/2018/08/14124832/Kristi-Noem-814a.mp3 Noem says she has talked to the President several times about the impacts of the tariffs. http://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/238/2018/08/14124856/Kristi-Noem-814b.mp3 Noem says the bail out shows the Administration is taking them seriously.…

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PM’s Post-Cabinet Press Conference 6/8/18: Trade Stuff

Monday, 6 August 2018, 6:02 pmArticle: The Scoop Team PM’s Post-Cabinet Press Conference 6/8/18: Trade Stuff Prime Minister Jacinda Ardern this afternoon held her first post-cabinet press conference following her return from maternity leave. She was joined by Trade Minister David Parker for a press conference that focused on the government’s ‘trade for all agenda’ plans for widespread consultation on the shape of future trade agreements and supporting business into international trade, as well as the state of current negotiations,…

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Hà Nội to host Contech Việt Nam 2018 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

HÀ NỘI — A major trade fair combining machinery and technology for a wide variety of markets returns to Hà Nội later this year. The International Trade Fair for Construction, Mining and Transport, Machinery, Equipment, Technology, Vehicles and Materials (Contech Việt Nam 2018) will  begin in December, the event’s organiser — Hà Nội Advertising and International Fair JSC has announced. It will be a good opportunity for businesses to advertise their machines and technology, seek new partners while fostering technical…

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Worth noting in business: Ag trade roundtable, labor workshop, fall farmers market | News

A roundtable discussion is scheduled later this week for local farmers to take up the timely topic of international trade in agriculture. The nonprofit group Farmers for Free Trade will join the California Farm Bureau Federation from 10:30 a.m. to noon Thursday at Murray Family Farms, 6700 General Beale Road. The federation’s president, Jamie Johansson, is scheduled to speak, along with Brian Kuehl, executive director of the free trade organization. Steve Murray, of Murray Family Farms, will also take part. Former Assemblywoman…

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Finance Minister Albayrak: Dollar losing credibility in international trade

The global reserve currency the U.S. dollar has lost its credibility in international trade, Treasury and Finance Minister Berat Albayrak said in his address to a symposium organized by the Foundation for Political, Economic and Social Research (SETA) on the 17th anniversary of the foundation of the Justice and Development Party (AK Party). Referring to recent developments in the financial markets which led to a run on the Turkish lira against the U.S. dollar, Minister Albayrak once again emphasized that…

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Canada eyes unprecedented safeguard tariffs on steel imports

HAMILTON — Finance Minister Bill Morneau is launching formal consultations on whether to impose unprecedented trade measures to block a surge of steel imports diverted into Canada because of U.S. tariffs. Morneau, who said an import surge has already been detected, announced Tuesday a 15-day consultation period during which he will evaluate possible safeguards on seven steel products, including plate, concrete reinforcing bar used in construction, hot-rolled sheet, wire rod and tubes for the energy industry. If the consultations provide…

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Public consultation to glean input on steel safeguards

The federal government has announced a public consultation process to help shape new safeguards against foreign steel products coming into Canada. Safeguards are trade measures imposed under international trade rules in exceptional circumstances to respond to import surges that may harm Canadian producers and workers. The move is a response to concerns raised by Canadians with regard to the ongoing North American Free Trade Agreement, recent tariff decisions by the United States, and the potential impact of the U.S. tax…

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Turkey says lira will strengthen, dollar has “lost…

Turkey says lira will strengthen, dollar has “lost credibility” By Reuters Published: 11:14 EDT, 14 August 2018 | Updated: 11:14 EDT, 14 August 2018 ANKARA, Aug 14 (Reuters) – Turkey’s finance minister promised to protect the lira on Tuesday, after it fell to a record low against the dollar this week, and said the U.S. currency had “lost credibility” because it had been exploited as a political tool. Treasury and Finance Minister Berat Albayrak said he expected the lira to…

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Morneau to announce next step to protect steel sector

Finance Minister Bill Morneau is in Hamilton today to announce the federal government’s next move in support of its domestic steel industry, as U.S. steel tariffs continue to disrupt global trade and divert cheap foreign steel into other markets.  The Trump administration’s protectionist measures continue to reverberate across a global industry that was already producing too much steel. Canada wants to avoid the dumping of inexpensive imports, something that damages its domestic industry and risks jobs. It also wants to avoid being accused of being…

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Busiest Pacific port in North America thrives amid Trump tirades

Prince Rupert’s proximity to Asia is a built-in advantage — up to 58 hours closer by sea than any other North American gateway By Natalie Obiko Pearson Prince Rupert (Canada): Prince Rupert is hardly the place one would expect to find an international gateway that’s weathering the Trump trade storm better than any other Pacific port in North America. There’s just one bakery in the town of 12,000 people tucked away in a misty corner of western Canada. The local…

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Key Players – DB Schenker, SBB Cargo, Union Pacific

Freight Cars Market to Witness Huge Growth by 2025: Key Players – DB Schenker, SBB Cargo, Union Pacific Aug 14, 2018 (AB Digital via COMTEX) — The Research report presents a complete assessment of the market and contains Future trend, Current Growth Factors, attentive opinions, facts, historical data, and statistically supported and industry validated market data. The study is segmented by products type, application/end-users. The research study provides estimates for Global and United States Freight Cars Forecast till 2023.  If you are…

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Task force bats for agri crop tag for rubber

The task force on the rubber sector set up by the Central government has proposed a national rubber policy with a package of measures to promote the production and consumption of natural rubber and safeguard the interests of domestic growers. One of the major recommendations of the task force is to consider rubber as an agricultural crop rather than a commercial produce. This, according to experts, would pave the way for declaration of Minimum Support Price and financial support under…

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