S. Korea sets anti-dumping duties on imported stainless steel bars

SEOUL, Sept. 20 (Yonhap) — South Korea’s trade commission said Thursday it has set preliminary anti-dumping duties on stainless steel bars from Taiwan and Italy, claiming the cheap imports have seriously damaged domestic industry. The Korea Trade Commission under the trade ministry said it will recommend the finance ministry impose 9.68-18.56 percent tariffs on the stainless steel bars imported from the two nations. The commission set 9.68-18.56 percent duties for Taiwanese products and 11.02-13.08 percent tariffs on Italian goods. Stainless…

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LI faces a heap of trash issues

When done drinking a bottled water or soda, we usually make a conscious effort to get it into a recycling bin. No further thought given, our good deed is done. We’ve recycled the plastic bottle rather than throwing it out to sit in a landfill. The photos released that clearly show the Town of Brookhaven’s Green Stream Recycling facility was nearly buried in mountains of collected recyclables from the residents of Brookhaven, Smithtown and Huntington townships this August are shocking.…

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ICC welcomes South African cannabis legalization

ICC International Cannabis Corp () said Thursday it welcomes South Africa’s recent ruling legalizing the consumption of cannabis. On September 18, South Africa’s Constitutional Court unanimously voted to legalize adult cannabis consumption, as well as the cultivation of cannabis for private consumption. South Africa’s Parliament is expected to amend the laws that criminalize cannabis following the Constitutional Court’s ruling in the coming months. The company said it has agreements in place to provide cannabis products to over…

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Wait lists, high costs for aluminum hurricane shutters

Halfway through hurricane season, a high-end Frenchman’s Creek home in Palm Beach Gardens finally got its $40,000 in aluminum hurricane shutters Wednesday — a hard-fought for prize in the new age of tariffs. Ordered in April, the nearly four-month wait is more than quadruple the norm as aluminum prices edge up and supply dwindles with more mills looking to avoid tariffs by buying American, said Andy Kobosko, Jr., owner of Guardian Storm Protection in suburban West Palm Beach. Kobosko, whose company filled the…

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Putin and Xi Are Not Embracing Each Other (Yet)

The Vostok-2018 war games are underway.  Understandably, the world is watching with grave concern.  After all, it is the largest military exercise between the Russian and Chinese (and Mongolian) militaries since the Cold War.  The exercises themselves involved nearly 300,000 troops, 1,000 aircraft, 80 warships, and 36,000 armored vehicles, according to Bill Gertz of The Washington Times.  Many strategists in the West worry that Vostok-2018 is a portent of a new strategic alliance between two of the largest powers in all of Eurasia against…

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U.S. procurement demand on Canada, Mexico fading from NAFTA: sources

OTTAWA — The United States has backed away from its contentious demands for lucrative procurement projects in the renegotiation of the North American Free Trade Agreement, The Canadian Press has learned. Mexico and Canada are both quietly taking credit for standing firm against the controversial U.S. position that would have effectively limited their respective countries’ ability to bid on valuable American government infrastructure projects. Multiple sources, speaking on the condition of anonymity, cited the competing claims as one example of the animosity between Canada…

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International Cannabis Applauds South African Cannabis Legalization – International Trade News Today

International Cannabis Applauds South African Cannabis Legalization – International Trade News Today – EIN News Trusted News Since 1995 A service for international trade professionals · Thursday, September 20, 2018 · 462,489,813 Articles · 3+ Million Readers News Monitoring and Press Release Distribution Tools Press Releases Events & Conferences Source link

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SADC trade deal with EU criticised for not promoting regional economic development | Opinion

The Southern African Development Community (SADC) has received much negative press domestically since its establishment in 1992.Recently, much of this criticism has been levelled at the bloc and Pretoria over their engagement in a rapidly evolving architecture of regional and international trade deals. In particular, the Economic Partnership Agreement (EPA) signed by the SADC with the European Union has come under scrutiny. From one political economic view, the deal has been criticised for failing to support efforts to promote inclusive,…

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‘Need for more agriculture output to meet China demand’ – BorneoPost Online | Borneo , Malaysia, Sarawak Daily News

Wong (seated centre), Naroden (seated second right) and Kameri (seated second left) in a group photo with members of the media and his ministry officers during the high-tea gathering. — Photo by Muhammad Rais Sanusi KUCHING: More commercial agriculture ventures need to be developed in Sarawak to meet the high demand from China. International Trade and E-Commerce Minister Dato Sri Wong Soon Koh said this is because at present, the Sarawak government is facing problem in fulfilling the demand for…

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FOREX-Dollar slips vs euro, Aussie as investors discount trade tensions – Macroeconomic News

* Dollar slips vs risk-sensitive Aussie * Sterling erases early gains as traders eye EU summit (New throughout, updates prices, market activity and comments) By Saqib Iqbal Ahmed NEW YORK, Sept 19 (Reuters) – The U.S. dollar edged lower against the euro and fell to the lowest in nearly three weeks against the risk-sensitive Aussie on Wednesday, as investors did not rush to buy the greenback on the latest round of tariffs by China and the United States. The euro…

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Hialeah-based company: Tariffs put our ‘families at risk of ruin’

Kevin Feig is staring at a 25 percent price hike on nearly every automotive part his Hialeah-based company sells. That prospect took the soft-spoken businessman before an August meeting of the U.S. International Trade Commission to advocate for the company — Foreign Parts Distributors — that his father, Steve Feig, founded more than 40 years ago in East Hialeah. Though he normally dodges public speaking, Kevin Feig felt compelled to voice his concerns about the 25 percent tariffs on $200…

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Tariff war between America and China: Implications for Ghana, others

During the 2016 electioneering campaign, Donald Trump labelled the People’s Republic of China a “currency manipulator” and promised increased tariffs on Chinese exports into the United States by 45 per cent. Trump proposed the idea during a wide-ranging meeting with members of the editorial board of The New York Times. Trump further threatened to counter the People’s Republic of China’s unethical trade practices. Therefore, the 2018 tariff war between the US and China is intended to fulfil one of the…

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Arabian Aerospace – Qatari Typhoon and Hawk deal becomes effective

in Defence Posted 18 September 2018 · Add Comment Qatar’s deal to buy 24 Typhoon jets and nine Hawks is now officially effective after BAE Systems received its first payment today. Copyright BAE SYstems The deal, worth around £5 billion includes the aircraft and a bespoke support and training package. Qatar is now buying nine Hawk trainers, rather than six, which will also be welcome news for BAE Systems’ factories in Warton and Brough which make the jets. …

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Trade tariffs will raise prices, experts say

CAPITAL REGION — Hours after President  Donald Trump announced tariffs on $200 billion in Chinese goods late Monday, China responded with its own levies on $60 billion worth of U.S. products imported into China. The dual events between the world’s two largest economies marked a significant escalation in the tit-for-tat trade war that began over the summer, and is widely seen as bad news for businesses in the Capital Region, many of which have supply chain connections with China or sell products made in China.…

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NZ Steel v Minister of Consumer Affairs

Press Release – New Zealand High Court The High Court has found in favour of NZ Steel… It has quashed the Ministers decision and directed that it be reconsidered.THE HIGH COURT OF NEW ZEALAND TE KŌTI MATUA O AOTEAROA 19 September 2018 MEDIA RELEASE – FOR IMMEDIATE PUBLICATION New Zealand Steel Limited v Minister of Commerce and Consumer Affairs [2018] NZHC 2454 This summary is provided to assist in the understanding of the Court’s judgment. It does not comprise part…

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