Keyword: imports

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  • China junks limits on import of US soybeans and pork for now

    09/13/2019 8:01:44 AM PDT · by SeekAndFind · 18 replies
    American Thinker ^ | 09/13/2019 | Thomas Lifson
    Chinese consumers are not happy about higher prices and decreased supplies of food.  Yesterday, Chinese buyers snapped up "at least 10 boatloads of soybeans," according to Reuters, as the U.S.-China trade war showed signs of compromise.  The South China Morning Post reports: Beijing will allow Chinese businesses to purchase a "certain amount of farm products such as soybeans and pork" from the United States, according to the Xinhua report. "China's market is big enough and there's great potential to import high-quality US farm products." The official Xinhua News Agency reported on Friday that China's National Development and Reform Commission and the Ministry of Commerce made...
  • Buying U.S. Medications From Canada Is Not the Same As Importing Them

    09/11/2019 9:32:31 AM PDT · by SeekAndFind · 29 replies
    RCM ^ | 09/11/2019 | By Allan Golombek
    The Trump Administration announced in July it will allow Americans to buy cheaper prescription drugs from Canada, including penicillin treatments for diabetes. Only one problem: Canada develops few drugs. Most that are used in the country actually come from multinational companies, mostly American. It is impossible to believe that drug companies will provide the gun to shoot themselves in the foot. Buying medications from Canada is not importing them, it is reimporting them - from the subsidiaries of multinational companies that are seen as the source of high prices. All that Americans are doing when they purchase penicillin and other...
  • China Will Retaliate With Tariffs On $75 Billion More of US Goods And Resume Auto Tariffs

    08/23/2019 8:01:33 AM PDT · by Enlightened1 · 58 replies
    CNBC ^ | 08/23/19
    China said Friday it will impose new tariffs on $75 billion worth of U.S. goods and resume duties on American autos. The Chinese State Council said it decided to slap tariffs ranging from 5% to 10% on $75 billion U.S. goods in two batches effective on Sept. 1 and Dec. 15. That happens to be when President Donald Trumps latest tariffs on Chinese goods are to take effect. It also said a 25% tariff will be imposed on U.S. cars and a 5% on auto parts and components, which will go into effect on Dec.15. China had paused these tariffs...
  • Why the U.S.-China trade deficit is so huge: Heres all the stuff America imports

    06/25/2019 2:23:21 PM PDT · by Mariner · 6 replies
    Market Watch ^ | June 25th, 2019 | By Jeffry Bartash
    The simmering trade war between the U.S. and China has led both sides to raise tariffs, but the lopsided trade relationship between the two countries means the impact will fall heaviest on Chinese producers and American consumers and farmers. The U.S. imported a record $539.5 billion in goods from China in 2018. The U.S. is a net importer from China in most market segments such as consumer electronics, apparel, furniture and industrial supplies. The one major exception: agriculture. By contrast, the U.S. shipped a much smaller $120.3 billion in goods to China last year, Census trade figures showed. Exports to...
  • Falling Import Prices Show China Is Paying For Tariffs

    06/13/2019 11:53:01 AM PDT · by House Atreides · 84 replies
    Breitbart ^ | June 13, 2019 | John Carney
    The prices of goods imported into the United States fell in May even as tariffs increased on goods from China. ...Imports from Asian countries outside of China also fell in price, dropping by 0.2 percent in May for a 1.4 percent decline compared with 12-months prior. This suggests that companies that have shifted production out of China are not paying higher prices, undermining one of the key assumptions behind claims that tariffs would drive up prices for U.S. consumers. Inflation in the U.S. has fallen below the Federal Reserves target of two percent, indicating that consumers have not been squeezed...
  • US Boosts Oil Imports from Iraq, Nigeria, Brazil, Angola

    05/07/2019 5:42:29 AM PDT · by Dacula · 17 replies ^ | May 07, 2019 | Julianne Geiger
    US refineries have upped their imports of Iraqi, Nigerian, Brazilian, and Angolan crude oil, with May volumes double that of April levels, data from Refinitiv Eikon showed on Monday. Oil imports from these countries to the United States spiked as oil supply from Iran and Venezuela dried up, and as reduced OPEC production made scarce heavy sour and even medium sour grades. Of note, Iraqi oil rose to 600,000 barrels per day in May, just in time for summer driving season to come, Refnitiv data showed.
  • Bitter taste for Cuba as it imports sugar for the first time

    10/25/2018 8:44:26 AM PDT · by Olog-hai · 29 replies
    Sugar: its so quintessentially Cuban that even a young, machete-wielding Fidel Castro used to hack away at the cane stalks vital to the Caribbean islands economy. Now, the long-time world leader in sugar production is importing the stuff for the first time, and in large amounts, from France after another bad harvest. Sugar used to account for the vast majority of Cubas exports. But the fall of its big brother, the Soviet Union a key, hungry customer changed everything, as did a lack of investment in seeds, fertilizer and pesticides. To wit: in the early 1990s, Cuba produced...
  • Exports rose by 1.8% while imports rose 1.5% (winning)

    10/25/2018 5:57:52 AM PDT · by Tell It Right · 14 replies
    MarketWatch ^ | 10/25/2018 | Andreas Requier
    The numbers: The U.S. trade deficit in goods widened to a seasonally adjusted $76.0 billion, according to a preliminary report out Thursday from the Census Bureau. That figure excludes services.What happened: Exports rose 1.8%, or $2.5 billion, while imports rose 1.5%, or $3.1 billion. Economists had forecast a deficit of $76.2 billion.
  • China to cut import tariffs on wide range of products

    09/30/2018 2:56:29 PM PDT · by JME_FAN · 50 replies
    Reuters ^ | SEPTEMBER 30, 2018 | Reuters
    BEIJING (Reuters) - China will cut import tariffs on textile products and metals, including steel products, to 8.4 percent from 11.5 percent, effective Nov. 1, the finance ministry said on Sunday.
  • US trade deficit widened to $50.1 billion in July

    09/05/2018 8:00:15 AM PDT · by oincobx · 15 replies ^ | September 5, 2018 | Paul Wiseman
    The Commerce Department says the deficit in goods and services the difference between what America sells and what it buys from other countries rose to $50.1 billion in July from $45.7 billion in June. Exports slipped 1 percent to $211.1 billion. Imports increased 0.9 percent to a record $261.2 billion.
  • Proposed [items hit by tariffs] Modification of Action Pursuant to Section 301: China's Acts...,

    08/31/2018 5:55:05 PM PDT · by daniel1212 · 2 replies
    U.S. Gov. ^ | 7-16-18 | Office of United States Trade Representative (USTR)
    On June 20, 2018 (83 FR 28710), the U.S. Trade Representative (Trade Representative) provided notice of an initial action in the Section 301 investigation of the acts, policies, and practices of the Government of China related to technology transfer, intellectual property, and innovation. The initial action was the imposition of an additional 25 percent ad valorem duty on products of China with an annual trade value of approximately $34 billion, effective July 6, 2018. The proposed modification is to maintain the original $34 billion action and the proposed $16 billion action, and to take further action in the form of...
  • Illinois manufacturer to lay off 150 workers, move to Mexico

    08/16/2018 5:54:13 AM PDT · by KeyLargo · 60 replies
    08/15/2018 Illinois manufacturer to lay off 150 workers, move to Mexico By Associated Press A storage safe manufacturer is closing two factories in northern Illinois and moving operations to Mexico to counteract the effects of metal tariffs imposed by President Donald Trumps administration. Stack-on Products will lay off about 150 people at its Wauconda and McHenry plants when they close Oct. 12, the Chicago Tribune reports. Human resources director Al Fletcher said Tuesday the decision to relocate operations to Juarez, Mexico, was made about two months ago. Thats when Trump announced tariffs on numerous goods and materials from China as...
  • US import prices unexpectedly drop in June

    07/13/2018 7:38:08 AM PDT · by GonzoII · 14 replies
    CNBC ^ | 2 hours ago | Terri Cullen
    U.S. import prices unexpectedly fell in June after rising sharply a month earlier. Import price fell 0.4 percent in the month. Import prices were forecast to rise 0.1 percent in June, after climbing 0.6 percent a month earlier. This is breaking news. Please check back for updates.
  • Trump administration will put steel and aluminum tariffs on Canada, Mexico and the EU

    05/31/2018 6:55:51 AM PDT · by GIdget2004 · 47 replies
    CNBC ^ | 05/31/2018 | Jacob Pramuk
    The Trump administration will put tariffs on steel and aluminum imports from Canada, Mexico and the European Union, the latest action in a string of protectionist policies to crack down on alleged trade abuses. The tariffs of 25 percent on steel imports and 10 percent on aluminum imports will take effect at midnight Thursday, Commerce Secretary Wilbur Ross told reporters. The U.S. gave those allies a reprieve from those duties, but the exemptions were set to expire Friday. The Trump administration will place quotas or volume limits on other countries such as South Korea, Argentina, Australia and Brazil instead of...
  • My Proposal and Thoughts on Import Duties and Reindustrialization [from late 2016, reposted]

    04/05/2018 10:06:30 AM PDT · by Brian Griffin · 11 replies
    Brian Griffin
    I believe we should abandon (officially denounce) trade treaties and go to a generally duty/barter-based system which would be updated from time to time by the Congress. Congress should try to steer global trade into a generally financially balanced system with some exemptions for consumer friendly producers. My proposal allows low-income countries to earn US dollars to pay for American drugs and other necessities. In brief: 1. financially balanced trade in motor vehicles and their parts, with cheap electric car exemptions until January 2024 2. US-only for building supplies, except lumber, plywood and natural stone 3. consumer electronics with exemptions...
  • _Trump Is Right. Chinese Car Makers Are Hosing America & It Must Stop Now

    11/24/2017 10:14:33 AM PST · by xzins · 38 replies
    DC Whispers ^ | November 22, 2017 | DCWhispers
    POTUS Trump speaks simple truths the Establishment Media chooses to ignore. These are truths that concern real jobs for real Americans that would help to lift up a struggling Middle Class. One of those truths is how China has economically raped the United States for decades costing millions of jobs, and likely trillions in economic growth. Mr. Trump is demanding this must end and hes 100% correct as the following excerpt from The Weekly Standard makes abundantly clear: - China has announced that it will soon be marketing its cars in the United States. The Peoples Republic is the largest...
  • Whirlpool's Dirty Laundry

    11/21/2017 3:32:42 PM PST · by Eric Pode of Croydon · 29 replies
    American Spectator ^ | 20 November 2017 | Andrew Wilford
    Despite Whirlpools arguments being the corporate equivalent of a child who wants dessert but not to clean his room, the ITC sided with Whirlpool and is now considering which remedies to impose. Whirlpool, for its part, suggests a prohibitively high 50 percent tariff on washing machine imports from LG and Samsung. Implementing this tariff, even in a temporary manner, would harm opportunities for thousands of American workers. Samsung is already in the process of building a washing machine factory in South Carolina, expected to employ nearly 1,000 American workers. LG is constructing a factory in Clarksville, Tennessee, which would employ...
  • Mexican court forbids imports of US potatoes

    08/04/2017 8:53:58 PM PDT · by boycott · 33 replies ^ | August 04, 2017
    A Mexican federal court has made an unusual ruling that bans the import of U.S. potatoes on the grounds the imports violate Mexicans right to food sovereignty and a healthy environment. A group of Mexican potato growers had sought a constitutional injunction on the imports, claiming they threaten to spread agricultural diseases. The court said Mexican agricultural authorities had failed to use methods like radiation treatment of imports to prevent diseases. But because federal injunctions are intended only to protect constitutional rights, the ruling had to break some new ground. The court ruled the ban must be implemented to preserve...
  • U.S. Bans Imports of Brazilian Beef Over Safety Concerns

    06/24/2017 8:39:46 PM PDT · by nickcarraway · 24 replies
    CNN ^ | June 23, 2017 | Ivana Kottasov
    The U.S. Department of Agriculture announced the immediate suspension of fresh beef imports from the South American country on Thursday after inspections uncovered public health concerns, unsanitary conditions and animal health issues. The agency said the ban will remain in place until Brazil "takes corrective action." Brazil is the fifth biggest supplier of beef to the U.S., ranking behind only Canada, Australia, New Zealand and Mexico. It has sent nearly 50 million pounds of beef to the U.S. so far this year. "Although international trade is an important part of what we do at USDA, and Brazil has long been...
  • Largest Ship to Visit U.S. East Coast Arrives in Savannah (Mega Container Ship)

    05/12/2017 6:26:57 AM PDT · by Rebelbase · 36 replies
    gCaptain ^ | 5/11/17 | gCaptain
    COSCO Development passes River Street in downtown Savannah, Georgia. Photo: Georgia Ports Authority/Stephen Morton PhotographyThe largest ship to ever visit the U.S. east coast arrived at the port of Savannah on Thursday after traveling through the expanded Panama Canal from Asia. The COSCO Development entered the mouth of the Savannah River at about 7 a.m. Thursday morning, drawing large crowds of spectators as it made its way past Savannahs downtown River Street and under the Talmadge Memorial Bridge before docking at the Garden City Terminal at around 11 a.m. With 13,092 TEU capacity and measuring 366 meters long by 48.2...