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As Trump wages trade war, U.S. goods deficit hits record high in 2018

2 weeks ago DieselGasoil Comments Off on As Trump wages trade war, U.S. goods deficit hits record high in 2018
WASHINGTON (Reuters) – The U.S. goods trade deficit surged to a record high in 2018 as strong domestic demand fueled by lower taxes pulled in imports, despite the Trump administration’s “America First” policies, including tariffs, aimed at shrinking the trade gap. FILE PHOTO: A ship loaded with containers is pictured at Yusen Terminals (YTI) on Read More

U.S. trade deficit jumps to 10-year high in 2018

2 weeks ago DieselGasoil Comments Off on U.S. trade deficit jumps to 10-year high in 2018
WASHINGTON, March 6 – The U.S. trade deficit surged to a 10-year high in 2018, with the politically sensitive shortfall with China hitting a record peak, despite the Trump administration slapping tariffs on a range of imported goods in an effort to shrink the gap. FILE PHOTO: Shipping containers sit at the ports of Los Read More

Mexican farmers urge 'mirror' tariffs on Trump's rural base

2 weeks ago DieselGasoil Comments Off on Mexican farmers urge 'mirror' tariffs on Trump's rural base
MEXICO CITY (Reuters) – Leaders of Mexico’s agricultural sector are urging “mirror measures” on U.S. farm imports in politically sensitive products such as yellow corn and poultry, in an effort they argue would counter decades of subsidized imports from the United States. FILE PHOTO: Corn cobs and yellow corn are on display at a market Read More

China to extend winter anti-smog measures for another year

2 weeks ago DieselGasoil Comments Off on China to extend winter anti-smog measures for another year
FILE PHOTO: People walk on a bridge in front of the financial district of Pudong, which is covered in smog, during a polluted day in Shanghai, China November 28, 2018. REUTERS/Aly Song SHANGHAI (Reuters) – China will extend winter anti-smog measures such as production cuts and traffic restrictions for another year, the environment ministry said Read More

BHP buys stake in Canadian firm that extracts emissions from the air

2 weeks ago DieselGasoil Comments Off on BHP buys stake in Canadian firm that extracts emissions from the air
LONDON (Reuters) – The world’s biggest coking coal producer BHP has bought a $6 million equity stake in a Canadian-based company that sucks carbon dioxide from the atmosphere, as miners’ quest to become sustainable and retain ethical investors gathers pace. Visitors to the BHP (formerly known as BHP Billiton) booth speak with representatives during the Read More

Trump scraps trade privilege for India; Delhi plays down impact

2 weeks ago DieselGasoil Comments Off on Trump scraps trade privilege for India; Delhi plays down impact
WASHINGTON/NEW DELHI (Reuters) – U.S. President Donald Trump looked set to open a new front in his trade wars on Monday with a plan to end preferential trade treatment for India that allows duty-free entry for up to $5.6 billion worth of its exports to the United States. FILE PHOTO: U.S. President Donald Trump holds Read More

Trump to drop preferential trade treatment for India; Delhi plays down impact

2 weeks ago DieselGasoil Comments Off on Trump to drop preferential trade treatment for India; Delhi plays down impact
WASHINGTON/NEW DELHI (Reuters) – U.S. President Donald Trump looked set to open a new front in his trade wars on Monday with a plan to end preferential trade treatment for India that allows duty-free entry for up to $5.6 billion worth of its exports to the United States. FILE PHOTO: U.S. President Donald Trump holds Read More

Trump to terminate India trade benefits, demands ‘equitable & reasonable’ access to its markets

2 weeks ago DieselGasoil Comments Off on Trump to terminate India trade benefits, demands ‘equitable & reasonable’ access to its markets
US President Donald Trump has announced his intention to end preferential trade treatment for India, accusing New Delhi of failing to convince Washington it will provide “equitable and reasonable” access to its markets. “I am providing notice of my intent to terminate the designation of India as a beneficiary developing country under the Generalized System Read More

U.S. says rejects WTO's 'straitjacket' of trade obligations

3 weeks ago DieselGasoil Comments Off on U.S. says rejects WTO's 'straitjacket' of trade obligations
WASHINGTON (Reuters) – The Trump administration filed another salvo at the World Trade Organization on Friday, saying U.S. trade policy was not going to be dictated by the international body and defending its use of tariffs to pressure China and other trade partners. FILE PHOTO: A logo is pictured outside the World Trade Organization (WTO) Read More

Mexico eyes fresh U.S. targets for tariffs to pressure Trump over steel

3 weeks ago DieselGasoil Comments Off on Mexico eyes fresh U.S. targets for tariffs to pressure Trump over steel
MEXICO CITY (Reuters) – Mexico’s government on Friday threatened to slap duties on new U.S. products in retaliation for the Trump administration’s steel and aluminum tariffs as it seeks to turn up pressure on Washington to exempt it from the measures. FILE PHOTO: An employee stands by steel plates at Kalisch Steel factory in Ciudad Read More