International Trade

Apple facing possible ban on some US iPhone imports over patent battle with Qualcomm

Members of the US International Trade Commission have told a district judge they believe Apple has infringed the patent of rival Qualcomm, in a move that could lead to some US iPhones being blocked. The telecoms giants are battling it out after Qualcomm asked the commission, which acts as a third party in such cases, to ban the import of iPhones that contained Intel modem chips, a rival to that used by Qualcomm. Apple has said any move to ban…

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Business – Maritime Group Petitions FG Over NESREA’s Import Clearance Permit – Leadership Newspaper | Nigerian Bulletin

The recent online import business advertisement by the National Environmental Standards Regulation and Enforcement Agency (NESREA) which called on importers to obtain and rely on its newly created clearance permit for imported products into the country, has been described as inimical to international trade in Nigeria. A group, Sea Empowerment and Research Centre Limited, in a petition addressed to the Coordinator of the Business Environment Secretariat, Nigeria Investment Promotion Council (NEPC)…. Read more via Leadership Newspaper – https://ift.tt/2LX8GDx Get more:…

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China state media condemn U.S. tariffs, leave room for negotiation

SHANGHAI, June 16 (Reuters) – China responded forcefully in state media on Saturday after the administration of U.S. President Donald Trump said it would impose tariffs on $50 billion of Chinese imports, but some commentary left room for further negotiations. Late on Friday, China said it would impose additional 25 percent tariffs on 659 U.S. goods worth $50 billion, in response to the U.S. imposition of tariffs. “The wise man builds bridges, the fool builds walls,” the official Xinhua news…

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Here’s how a trade war between the US and China could play out

By Jenny Leonard, Andrew Mayeda and Reade Pickert President Donald Trump is betting Beijing will blink first in the showdown over tariffs. Such an outcome is far from assured — and it could also take a while. Trump said Friday the U.S. will slap duties on $50 billion in Chinese imports, with the first wave of tariffs to cover $34 billion of goods and take effect July 6. The president threatened to raise the total even higher if China retaliated,…

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As U.S. and Canada spar, farm hopes ride on two men in…

By Reuters Published: 17:40 EDT, 15 June 2018 | Updated: 17:40 EDT, 15 June 2018 By Rod Nickel and Tom Polansek June 15 (Reuters) – While Justin Trudeau vowed last week not to be pushed around and U.S. President Donald Trump called the Canadian prime minister “weak,” two key officials in their governments with a seemingly harmonious relationship were making fishing plans. On Friday, U.S. Agriculture Secretary Sonny Perdue visited the farm of Canadian Agriculture Minister Lawrence MacAulay in the…

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U.S. Activated Carbon Industry Obtains Unanimous Favorable Determination from U.S. International Trade Commission That Extends Antidumping Order on China for Five Years

WASHINGTON, June 15, 2018 /PRNewswire-USNewswire/ — The U.S. International Trade Commission today unanimously determined that revoking the antidumping order on imports of steam activated carbon from the People’s Republic of China would likely lead to continuation or recurrence of injury to the domestic industry.  As a result of the Commission’s determination, in combination with an expedited determination published by the Commerce Department earlier this month finding that revocation of the antidumping order would likely lead to a continuation or recurrence…

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Trump Approves $50 Billion in Tariffs on Chinese Goods

President Trump has made up his mind to impose “pretty significant” tariffs on Chinese goods, an administration official said on Thursday, as Beijing warned that it was ready to respond if Washington chose to ratchet up trade tensions. Trump is due to unveil revisions to his initial tariff list targeting $50 billion of Chinese goods on Friday. The list will contain 800 product categories, down from 1,300 previously, according to another administration official and an industry source familiar with the…

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Trump Is Making Us All Live in His Delusional Reality Show

It seems so long ago now. Almost immediately after Trump took office, the denial of reality began. The president’s and his spokesperson’s insistence that his inauguration crowd was the biggest in history — and certainly bigger than Obama’s — belied what everyone could see with their bare, lyin’ eyes. At the time, I wondered whether the president was psychologically unwell. Three thousand lies later, we have a fuller picture. The president believes what he wants to believe, creates a reality…

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William Watson: Trump’s tariffs might help China while hurting Canada — and even America

The C. D. Howe Institute has just published a research note by Dan Ciuriak and Jingliang Xiao on the effects of the Trump aluminum and steel tariffs on the U.S., Canada and the rest of the world. It would be interesting to know if President Donald Trump received a similarly detailed economic analysis before going ahead with his tariffs. Ciuriak is a former deputy chief economist at Canada’s Department of Foreign Affairs and International Trade and Xiao is a research…

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Strong Kenya shilling hurting exports to Tanzania, Uganda

By BUSINESS DAILYMore by this Author A stronger shilling this year is making Kenyan exports to regional markets more expensive as peer currencies slide against the dollar. The Kenyan shilling has gained two per cent against the dollar in the year to date in contrast with currencies of key trading partners, potentially hurting Kenyan exports by making them more expensive. Domestic currencies of key trading partners have all depreciated to the greenback. The Ugandan shilling has edged down by 3.6…

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The breakup of the West?

There is a film called How the West Was Won. The film is set between 1839 and 1889 and follows four generations of a family as they move from western New York to the Pacific Ocean. Then in 2003, the rock group Led Zeppelin released an album with the same name with recordings of original performances from the band’s tour of the US in 1972. In the meantime, in an economic and political sphere the West came to mean something else. And…

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Africa adventure success for Augusta Energy

In May 2010, three former directors of what is now Oryx Energies struck out on their own, launching international trading company Augusta Energy. They were joined by former colleagues to develop a book to trade petroleum products in Africa. From six original employees, operations in two countries and a debut transaction involving 10,000 tonnes of gasoil, Augusta now employs about 40 people, has operational centres in Geneva and Dubai, and trades in more than 20 African countries. It has become…

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Democrats no strangers to tariffs

US President Donald Trump’s aggressive approach to trade, which was on stark display at last week’s G7 summit in Quebec, has elicited widespread derision. Critics point out that his tariffs hurt the domestic economy — by raising costs for consumers and producers, and reducing foreign sales of farmers and other exporters — while undermining America’s relationships with its own allies. But there is one point that many observers get wrong: contrary to popular belief, Mr Trump’s tariffs are not an…

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