Masks in luggage: How a Malaysian tech firm reopened its China factory
PENANG, Malaysia (Reuters) – When news of the coronavirus outbreak spread around the world in…
International Trade
Injured by China’s trade practices? Call 202-395-3900, USTR says
Deputy USTR Jeffrey Gerrish will head the new office, which will field complaints about China’s implementation of the agreement from companies and other interested parties, the agency said in a statement.
Airbus regrets U.S. tariffs, hopes for change when WTO authorizes EU retaliation
Airbus also said it hoped Washington would change position once the World Trade Organization authorizes the EU to impose tariffs on Boeing aircraft, including the 737 MAX, 787 and 777 aircraft in May or June.
U.S. raises tariffs on European aircraft in ongoing dispute over subsidies
The U.S. Trade Representative’s Office said it remained open to reaching a negotiated settlement with the EU on the issue, but could revise its actions if the EU imposed tariffs of its own in connection with a pair of disputes over the subsidies.
Airbus says higher U.S. tariffs on EU planes will harm U.S. airlines, consumers
The European planemaker said it would continue discussions with its U.S. customers to “mitigate effects of tariffs insofar as possible” and hoped the U.S. Trade Representative’s office would change its position.
Timeline: Highlights of the 16-year Airbus, Boeing trade war
The World Trade Organization has found the world’s two largest planemakers received billions of dollars of unfair subsidies in a pair of cases dating back to 2004 and is expected to allow both sides to impose tariffs, starting with the United States.
U.S. firm wins reprieve from expanded duties on steel products
PrimeSource Building Products had challenged Trump’s surprise expansion of existing tariffs to include derivative products such as steel nails and aluminum cables.
Deere’s shares hit all-time high on unexpected rise in quarterly profit
Shares were up 8% at $179.16 in mid-afternoon.
IMF begins visit as Lebanon grapples with financial crisis
The IMF has said its team will stay until Feb. 23 to provide broad technical advice. Lebanon has not requested financial assistance from the Fund as it draws up a plan to confront the crisis.
Trump economist says ‘uncertainty’ from trade disputes hit business investment
“Once we got renegotiation of trade agreements, we saw uncertainty in the market, and investment took a hit,” Tomas Philipson, acting chair of the Council of Economic Advisers, said in a briefing with reporters about the CEA’s annual Economic Report of the President.
U.S. meeting on Huawei, China policy still on for Thursday despite Trump tweets: sources
The deputy-level meeting was called to discuss proposals including possible new restrictions on sales of chips made abroad to China’s blacklisted Huawei Technologies, a maker of telecommunications equipment, and on sales of airplane components to a Chinese aircraft maker.
Hormel joins Tyson Foods, JBS in removing drug banned by China from hog supply
Hormel will not accept any hogs that have been fed or exposed to the drug ractopamine after April 1, the company said in a statement.