President Trump and President Xi agreed to temporarily halt aggressive and retaliatory controls on trade and exports.
Category: trade
Europe’s trade surplus drops to €1B in August
Europe’s trade surplus drops to €1B in August
PBA: Maverick Ahanmisi excited for first pairing with Jerrick
MANILA, Philippines–Maverick Ahanmisi is looking forward to teaming up with his younger brother Jerrick at Terrafirma after his trade wishes were granted by Barangay Ginebra. Ahanmisi was sent to the Dyip along with fellow 2015 Rookie Class Aljon Mariano in exchange for the first round pick in next season’s PBA Draft after the veteran guard
DTI readies safeguard duty on imported cement
MANILA, Philippines – The Department of Trade and Industry (DTI) intends to impose a safeguard duty on cement imports to ensure a level playing field and protect the local industry. In a statement on Tuesday, the DTI said imported cement will be slapped with a safeguard duty of P14 per 40-kilogram bag of Ordinary Portland
China’s exports smash estimates amid rising trade tensions with US
China’s exports rose by a surprising 8. 3% year-on-year in September, beating the 6. 6% median forecast by economists surveyed by Bloomberg.
BIZ BUZZ: Cement tariffs tug-of-war
Talk about being caught between a rock and a hard place. We’re referring to Trade Secretary Cristina Roque, who must soon make a Solomonic decision regarding tariffs on cement. On one hand are the cement importers who fear that raising tariffs or safeguard duties too high—with around 16 percent as the threshold—will force them out
India-UK: Piyush Goyal Announces Signing Of The ‘Terms Of Reference’ To Reposition Joint Economic & Trade Committee
The meeting marked a significant step towards operationalizing the India-UK CETA, with both ministers reposing the JETCO to oversee its implementation and delivery. The ministers reaffirmed their shared ambition to double bilateral trade by 2030.
WTO says AI-related buying binge, spike in US imports spur unexpected rise in goods trade
GENEVA (AP) — The World Trade Organization is sharply raising its forecast for trade growth in goods this year after an unexpectedly strong first half due to rising AI-related purchases, front-loaded imports in the U.S. over tariff fears and robust developing-world trade. The Geneva-based trade body said Tuesday its economists are increasing their prediction of
India’s manufacturing growth slows as factory prices hit 12-year high
India’s manufacturing sector witnessed a slowdown in growth last month, marking its slowest pace in four months.