US President Donald Trump terminated the designation of Turkey as a beneficiary nation under its generalized system of preferences (GSP) in a May 16 proclamation, while the suspense regarding India’s status continued. Turkey’s termination becomes effective today. On March 4, President Trump announced his intention to terminate...
Washington’s escalating trade war with Beijing has not “made America great again” and has instead damaged the American economy, China said Sunday, warning that while it wants resolution through talks there will be no compromise on core principles. Beijing’s broadside is the latest act in a bruising...
Washington is reportedly not rolling back its decision to terminate India's designation as a beneficiary developing nation under the generalised system of preferences (GSP) scheme, terming the suspension a ‘done deal’. President Donald Trump on March 4 announced US intention for the same. The 60-day notice period...
The US Consumer Product Safety Commission (CPSC) is requesting information about possible changes to the Commission's Standard for the Flammability of Clothing Textiles to expand the list of fabrics that are exempt from testing under the standard. CPSC is also seeking possible ways to update provisions under...
The country’s leading medicine exporter Beximco Pharmaceuticals Limited has commenced export of a blood pressure drug, Nadolol, to the US market. Nadolol tablets (20mg, 40mg and 80mg) are the generic equivalent of Bristol-Myers Squibb’s Corgard tablets for treating hypertension and angina pectoris (chest pain). This is Beximco’s...
The restrictions would limit
Hikvision’s ability to buy U.S. technology and American companies may have to
obtain government approval to supply components to the Chinese firm, the New
York Times reported on Tuesday. The United States stuck Huawei Technologies on
a trade blacklist last week, effectively banning U.S. firms from doing...
China has raised the rate of additional tariffs imposed on some of the imported US products from June 1, according to a statement from the Customs Tariff Commission of the State Council. China increased the rate of additional tariffs on some of the about 60 billion US...
US firms are paying almost all the cost of President Donald Trump’s tariffs on Chinese imports, say researchers at the International Monetary Fund (IMF), whose findings contradict Trump’s assertions that China is footing the bill. Some such tariffs have been passed on to US consumers, while others...
Negative oil prices, ships dawdling at sea with unwanted cargoes, and traders getting creative about where to stash oil. The next chapter in the oil crisis is now inevitable: great swathes of the petroleum industry are about to start shutting down. The economic impact of the coronavirus has ripped through...
Nike, Adidas and 171 other footwear companies recently wrote a letter to President Donald Trump urging him to reconsider his tariffs on shoes made in China, saying the policy would be ‘catastrophic for our consumers, our companies and the American economy as a whole’. It was also...