GENEVA (Reuters) - Turkey will introduce quotas on the amount of steel it imports from Oct. 17, with an additional 25 percent duty levied on any imports above the quotas, it said in a filing published by the World Trade Organization on Monday, blaming a surge in imports.
WASHINGTON (Reuters) - President Donald Trump on Tuesday repeated his threat to impose tariffs on $267 billion worth of additional Chinese imports if China retaliates for the recent levies and other measures the United States has taken in the countries’ escalating trade war.
The decision to cut import tariffs from the start of next month is expected to reduce China's overall tariff from 9.8 percent to 7.5 percent, which along with other measures will work to reduce tariffs by nearly 60 billion yuan ($8.7 billion), according to the State Council.
BRUSSELS (Reuters) - European Union countries are on the verge of agreeing to start negotiations with the United States to allow more U.S. beef into Europe, in what could be a major move to defuse transatlantic trade tensions.
The European Commission in its definitive safeguard will probably implement individual steel quotas for countries with a "significant interest" in supply, sources at the Eurometal forum in Hamburg said.
Following an investigation the European Commission decided the existing anti-dumping measures on Russian and Ukrainian imports of seamless pipes and tubes should stay in place for another five years to ensure fair conditions for EU producers, the EC said in a press release on October 3.
BRUSSELS: The European Union is considering trade sanctions on Myanmar over the Rohingya crisis, potentially stripping the country of tariff-free access to the world’s largest trading bloc, three EU officials said.
The interagency commission for international trade has launched an antidumping investigation into imports of some types of rolled coated steel originated from Russia and China.
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