Treasury yields tick higher as US-China trade deal doubts persist

U.S. government debt prices were lower Tuesday morning, amid doubts about the prospect of a trade deal between the world’s two largest economies. ET, the benchmark 10-year Treasury note, which moves inversely to price, was higher at around 1.8170%, while the yield on the 30-year Treasury bond was also higher at around 2.2990%. The two economic giants had agreed to work on a limited “phase one” trade deal in early October. China has also pushed for a removal of the additional duties imposed on on


U.S. government debt prices were lower Tuesday morning, amid doubts about the prospect of a trade deal between the world’s two largest economies.
ET, the benchmark 10-year Treasury note, which moves inversely to price, was higher at around 1.8170%, while the yield on the 30-year Treasury bond was also higher at around 2.2990%.
The two economic giants had agreed to work on a limited “phase one” trade deal in early October.
China has also pushed for a removal of the additional duties imposed on on
Treasury yields tick higher as US-China trade deal doubts persist Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-19  Authors: sam meredith
Keywords: news, cnbc, companies, goods, yields, cnbcs, doubts, trade, treasury, tick, persist, tariffs, deal, higher, uschina, chinese, imposed, china


Treasury yields tick higher as US-China trade deal doubts persist

U.S. government debt prices were lower Tuesday morning, amid doubts about the prospect of a trade deal between the world’s two largest economies.

At around 03:00 a.m. ET, the benchmark 10-year Treasury note, which moves inversely to price, was higher at around 1.8170%, while the yield on the 30-year Treasury bond was also higher at around 2.2990%.

Market focus is largely attuned to global trade developments, as investors await clearer news on whether the U.S. and China will reach a preliminary accord to end a protracted dispute.

The mood in Beijing was pessimistic, a Chinese government source told CNBC’s Eunice Yoon on Monday, citing President Donald Trump’s reluctance to roll back tariffs.

The two economic giants had agreed to work on a limited “phase one” trade deal in early October. China has also pushed for a removal of the additional duties imposed on one another’s products in different phases, as part of the deal.

Earlier this month, Chinese Commerce Ministry spokesperson Gao Feng said the U.S. and China had secured an agreement on the tariff rollback. However, Trump said last week that he had not signed up to scrap tariffs on Chinese goods, contradicting the signal from Beijing and dampening hopes of an imminent resolution to the trade conflict.

The U.S. and China have imposed tariffs on billions of dollars’ worth of one another’s goods since the start of 2018, battering financial markets and souring business and consumer sentiment.

On the data front, housing starts for October will be released at around 8:30 a.m. ET.

There are no major Treasury bond auctions scheduled on Tuesday.

— CNBC’s Yun Li contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-11-19  Authors: sam meredith
Keywords: news, cnbc, companies, goods, yields, cnbcs, doubts, trade, treasury, tick, persist, tariffs, deal, higher, uschina, chinese, imposed, china


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Dow futures jump 100 points after China and US reportedly agree to remove existing tariffs

U.S. stock index futures turned sharply higher Thursday morning after China reportedly said the world’s two largest economies had agreed to cancel additional tariffs imposed in their months-long trade war. ET, Dow futures rose 115 points, indicating a positive open of more than 99 points. China said Thursday that both sides must simultaneously cancel some existing tariffs on one another’s goods in order to reach a “phase one” trade agreement, Reuters reported, citing a spokesperson at the commer


U.S. stock index futures turned sharply higher Thursday morning after China reportedly said the world’s two largest economies had agreed to cancel additional tariffs imposed in their months-long trade war.
ET, Dow futures rose 115 points, indicating a positive open of more than 99 points.
China said Thursday that both sides must simultaneously cancel some existing tariffs on one another’s goods in order to reach a “phase one” trade agreement, Reuters reported, citing a spokesperson at the commer
Dow futures jump 100 points after China and US reportedly agree to remove existing tariffs Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-07  Authors: sam meredith
Keywords: news, cnbc, companies, president, cancel, futures, existing, imposed, goods, china, dow, tariffs, remove, points, trade, reportedly, jump, agree, anothers


Dow futures jump 100 points after China and US reportedly agree to remove existing tariffs

U.S. stock index futures turned sharply higher Thursday morning after China reportedly said the world’s two largest economies had agreed to cancel additional tariffs imposed in their months-long trade war.

At around 03:00 a.m. ET, Dow futures rose 115 points, indicating a positive open of more than 99 points. Futures on the S&P and Nasdaq were both higher.

China said Thursday that both sides must simultaneously cancel some existing tariffs on one another’s goods in order to reach a “phase one” trade agreement, Reuters reported, citing a spokesperson at the commerce ministry. The report also said the proportion of tariffs scrapped must be the same.

It comes after reports that a meeting between President Donald Trump and Chinese President Xi Jinping could be postponed until December — delaying a chance for the two leaders to sign an interim trade deal.

The U.S. and China have imposed tariffs on billions of dollars’ worth of one another’s goods since the start of 2018, battering financial markets and souring business and consumer sentiment.


Company: cnbc, Activity: cnbc, Date: 2019-11-07  Authors: sam meredith
Keywords: news, cnbc, companies, president, cancel, futures, existing, imposed, goods, china, dow, tariffs, remove, points, trade, reportedly, jump, agree, anothers


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China exempts 16 American products from additional tariffs — here’s the full list

Washington and Beijing have imposed tariffs on billions of dollars’ worth of one another’s goods since the start of 2018, battering financial markets and souring business and consumer sentiment. For products on “List 1,” including fish meal for feed, shrimp and prawn seedlings and cancer drugs, tariffs already imposed will be refunded. For products on “List 2,” including whey for feed and lubricating base oil, tariffs were said to be non-refundable. Lubricating oil. Decitabine, fluorouridine, cy


Washington and Beijing have imposed tariffs on billions of dollars’ worth of one another’s goods since the start of 2018, battering financial markets and souring business and consumer sentiment. For products on “List 1,” including fish meal for feed, shrimp and prawn seedlings and cancer drugs, tariffs already imposed will be refunded. For products on “List 2,” including whey for feed and lubricating base oil, tariffs were said to be non-refundable. Lubricating oil. Decitabine, fluorouridine, cy
China exempts 16 American products from additional tariffs — here’s the full list Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-11  Authors: sam meredith
Keywords: news, cnbc, companies, tariffs, meal, including, oil, imposed, products, exempts, china, american, lubricating, hydrochloride, feed, additional, heres, list


China exempts 16 American products from additional tariffs — here's the full list

Containers sit at the Yangshan Port in Shanghai, China, Aug. 6, 2019.

China’s Ministry of Finance announced plans to exempt 16 types of U.S. products from additional tariffs on Wednesday, including food for livestock, cancer drugs and lubricants.

The exemption, which is scheduled to go into effect from September 17, will be valid for a year through to September 16, 2020.

The announcement comes as high-level trade officials from China and the U.S. prepare to meet in Washington next month. It will mark their latest attempt to resolve a protracted trade dispute. Washington and Beijing have imposed tariffs on billions of dollars’ worth of one another’s goods since the start of 2018, battering financial markets and souring business and consumer sentiment.

The State Council Tariff Commission said on the Ministry of Finance’s website that items on two separate tariff exemption lists would not be subject to additional charges imposed by China on U.S. goods.

For products on “List 1,” including fish meal for feed, shrimp and prawn seedlings and cancer drugs, tariffs already imposed will be refunded. Companies can apply to customs within six months.

For products on “List 2,” including whey for feed and lubricating base oil, tariffs were said to be non-refundable.

Here are the two lists in full, according to a CNBC translation:

LIST 1: 1. Other shrimp and prawn seedlings. 2. Aster meal and pellets. 3. Other purpura (except coarse powder and pellets). 4. Fish meal for feed. 5. Lubricating oil. 6. Grease. 7. Ring line, insecticidal ring, insecticidal nail, polythiane, etc. (including methylthiophosphorus, buprofezin, aspartate, indoxacarb). 8. Decitabine, fluorouridine, cyclophosphamide, gefitinib, capecitabine, raltitrexed, fludarabine phosphate, fluoride, cytarabine hydrochloride, gemcitabine hydrochloride, ectinib hydrochloride, ifosfamide. 9. Nonionic Organic Surfactant. 10. Mineral oil <70% lubricant. 11. Lubricants containing no petroleum or oils from bituminous minerals. 12. Medical linear accelerator. LIST 2: 1. Whey for feed (2%-7% by weight protein, 76%-88% lactose). 2. Release agent (oil by weight and oil extracted from bitumen ≥70%). 3. Isoparaffin solvent (early boiling point 225 ° C, flash point 92 ° C, density 0.79 g / cm3, viscosity 3.57mm2/s). 4. Lubricating base oil (product viscosity at 100 degrees Celsius). —CNBC's Hilary Pan contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-09-11  Authors: sam meredith
Keywords: news, cnbc, companies, tariffs, meal, including, oil, imposed, products, exempts, china, american, lubricating, hydrochloride, feed, additional, heres, list


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Dow futures fall more than 200 points after new US-China trade tariffs take effect

U.S. stock index futures were sharply lower Tuesday morning, after the world’s two largest economies began imposing new tariffs on one another’s goods. ET, Dow futures fell 234 points, indicating a negative open of more than 235 points. The U.S. imposed 15% tariffs on a variety of Chinese goods on Sunday, while China imposed new charges on U.S. products from September 1. The U.S. and China have imposed tariffs on billions of dollars’ worth of one another’s goods since the start of 2018, batterin


U.S. stock index futures were sharply lower Tuesday morning, after the world’s two largest economies began imposing new tariffs on one another’s goods. ET, Dow futures fell 234 points, indicating a negative open of more than 235 points. The U.S. imposed 15% tariffs on a variety of Chinese goods on Sunday, while China imposed new charges on U.S. products from September 1. The U.S. and China have imposed tariffs on billions of dollars’ worth of one another’s goods since the start of 2018, batterin
Dow futures fall more than 200 points after new US-China trade tariffs take effect Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-03  Authors: sam meredith
Keywords: news, cnbc, companies, points, futures, china, fall, dow, trade, effect, goods, uschina, latest, anothers, imposed, tariffs, 200, lower


Dow futures fall more than 200 points after new US-China trade tariffs take effect

U.S. stock index futures were sharply lower Tuesday morning, after the world’s two largest economies began imposing new tariffs on one another’s goods.

At around 03:20 a.m. ET, Dow futures fell 234 points, indicating a negative open of more than 235 points. Futures on the S&P and Nasdaq were both lower. The moves in pre-market trade come after investors observed a market holiday on Monday.

The U.S. imposed 15% tariffs on a variety of Chinese goods on Sunday, while China imposed new charges on U.S. products from September 1. It marked the latest escalation in their long-running trade war.

The U.S. and China have imposed tariffs on billions of dollars’ worth of one another’s goods since the start of 2018, battering financial markets and souring business and consumer sentiment.

President Donald Trump has said officials from both sides were still planning to meet later this month, despite rising tensions.

On Monday, Beijing filed a complaint against Washington at the World Trade Organization over U.S. import duties. China claimed the latest round of tariffs violated a consensus reached by leaders of both countries in Osaka, Japan.


Company: cnbc, Activity: cnbc, Date: 2019-09-03  Authors: sam meredith
Keywords: news, cnbc, companies, points, futures, china, fall, dow, trade, effect, goods, uschina, latest, anothers, imposed, tariffs, 200, lower


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US asks Brazil to consider lifting tariffs on ethanol exports

The United States has asked Brazil to consider lifting tariffs imposed on its ethanol exports and is hopeful of a positive outcome, a senior official at the U.S. Department of Agriculture said on Wednesday. Brazil currently charges a 20 percent tariff on ethanol imports surpassing 150 million liters a quarter, in a bid to shield local farmers from foreign competition. McKinney said he was optimistic for change, although so far Brazil has not indicated that they would lift the tariffs. McKinney s


The United States has asked Brazil to consider lifting tariffs imposed on its ethanol exports and is hopeful of a positive outcome, a senior official at the U.S. Department of Agriculture said on Wednesday. Brazil currently charges a 20 percent tariff on ethanol imports surpassing 150 million liters a quarter, in a bid to shield local farmers from foreign competition. McKinney said he was optimistic for change, although so far Brazil has not indicated that they would lift the tariffs. McKinney s
US asks Brazil to consider lifting tariffs on ethanol exports Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-07  Authors: miguel schincariol, afp, getty images
Keywords: news, cnbc, companies, tariffs, asks, lifting, brazil, mckinney, foreign, states, united, ethanol, agriculture, imposed, exports, consider, president


US asks Brazil to consider lifting tariffs on ethanol exports

The United States has asked Brazil to consider lifting tariffs imposed on its ethanol exports and is hopeful of a positive outcome, a senior official at the U.S. Department of Agriculture said on Wednesday.

Brazil currently charges a 20 percent tariff on ethanol imports surpassing 150 million liters a quarter, in a bid to shield local farmers from foreign competition.

“Our hope is that the warm relations that exist between our presidents and how that cascades down might let us find some relief,” Department of Agriculture Under Secretary for Trade and Foreign Agricultural Affairs Ted McKinney said on a conference call from Brasilia.

McKinney and U.S. chief agricultural negotiator Gregg Doud have been in Brazil to hold talks with Brazilian government officials. McKinney said he was optimistic for change, although so far Brazil has not indicated that they would lift the tariffs.

McKinney said Brazil had previously said it would reassess the tariffs two years from the September 2017 date on which they were imposed. “You can imagine there’s always run-ups to that.

Nobody said it is a hard date and that’s another reason we are having a discussion,” he said.

The U.S. delegation was set to meet with the Brazilian ministry of agriculture, he said.

Brazil’s new President Jair Bolsonaro, a 63-year-old former army captain and admirer of U.S. President Donald Trump, has quickly deepened ties with the United States and Israel.

Bolsonaro said last year that he would like to see Brazil retake global leadership in ethanol production, which it lost to the United States some years ago.


Company: cnbc, Activity: cnbc, Date: 2019-02-07  Authors: miguel schincariol, afp, getty images
Keywords: news, cnbc, companies, tariffs, asks, lifting, brazil, mckinney, foreign, states, united, ethanol, agriculture, imposed, exports, consider, president


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Greece to ease capital controls ‘very soon,’ finance minister says

Greece plans to further loosen capital controls soon and is on track to lift all restrictions imposed three years ago, its finance minister said Saturday. “We will have new easing (of capital controls) very soon,” Euclid Tsakalotos was quoted as saying in an interview with Naftemporiki newspaper, without specifying when. “With this new easing we will complete the second pillar (of regulations) concerning cash withdrawals and the opening of bank accounts, and we will enter the final phase for the


Greece plans to further loosen capital controls soon and is on track to lift all restrictions imposed three years ago, its finance minister said Saturday. “We will have new easing (of capital controls) very soon,” Euclid Tsakalotos was quoted as saying in an interview with Naftemporiki newspaper, without specifying when. “With this new easing we will complete the second pillar (of regulations) concerning cash withdrawals and the opening of bank accounts, and we will enter the final phase for the
Greece to ease capital controls ‘very soon,’ finance minister says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-09-15  Authors: francois lenoir
Keywords: news, cnbc, companies, imposed, capital, finance, greece, restrictions, ease, international, soon, pillar, controls, concerning, easing, minister, final


Greece to ease capital controls 'very soon,' finance minister says

Greece plans to further loosen capital controls soon and is on track to lift all restrictions imposed three years ago, its finance minister said Saturday.

“We will have new easing (of capital controls) very soon,” Euclid Tsakalotos was quoted as saying in an interview with Naftemporiki newspaper, without specifying when.

“With this new easing we will complete the second pillar (of regulations) concerning cash withdrawals and the opening of bank accounts, and we will enter the final phase for the full lifting of capital controls, the third and final pillar… concerning restrictions on moving capital abroad,” he said.

Greece imposed capital controls to stem a flight of cash from its banks in July 2015, when, at the height of its debt crisis, it faced bankruptcy and a euro exit.

Last month it emerged from its final of three international bailouts and almost nine years of austerity. It remains heavily indebted and under fiscal monitoring by the European Union and International Monetary Fund.


Company: cnbc, Activity: cnbc, Date: 2018-09-15  Authors: francois lenoir
Keywords: news, cnbc, companies, imposed, capital, finance, greece, restrictions, ease, international, soon, pillar, controls, concerning, easing, minister, final


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A China-US trade war would wipe 20% off the S&P 500, UBS says

Investors could see steep drops in global stock markets if tensions between China and the United States escalate into a full-blown trade war, analysts at UBS said in a note Friday. These “would be larger, with U.S. multinationals doing business in China also likely to be hurt by China retaliation.” So far this year, President Donald Trump has imposed new tariffs on Chinese solar panels, washing machines, steel and aluminum, as well as on other imported goods for intellectual property theft. Howe


Investors could see steep drops in global stock markets if tensions between China and the United States escalate into a full-blown trade war, analysts at UBS said in a note Friday. These “would be larger, with U.S. multinationals doing business in China also likely to be hurt by China retaliation.” So far this year, President Donald Trump has imposed new tariffs on Chinese solar panels, washing machines, steel and aluminum, as well as on other imported goods for intellectual property theft. Howe
A China-US trade war would wipe 20% off the S&P 500, UBS says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-07-27  Authors: silvia amaro, michael nagle, bloomberg, getty images
Keywords: news, cnbc, companies, 500, 20, ubs, chinaus, sp, global, china, hit, bank, worth, wipe, tariffs, imposed, trade, war, trump


A China-US trade war would wipe 20% off the S&P 500, UBS says

Investors could see steep drops in global stock markets if tensions between China and the United States escalate into a full-blown trade war, analysts at UBS said in a note Friday.

Assuming virtually all trade between U.S.-China is affected by tariffs and other protectionist policies, the Swiss bank calculated that profits for S&P firms would take a 14.6 percent hit, with U.S. and global growth being 245 and 108.5 basis points lower, respectively.

However, the bank noted there would also be second-order effects. These “would be larger, with U.S. multinationals doing business in China also likely to be hurt by China retaliation.” Thus, in terms of company valuations, these would take an additional 9.1 percent hit, bringing a total downside of 21.3 percent for the U.S. benchmark after some further adjustments by UBS analysts.

So far this year, President Donald Trump has imposed new tariffs on Chinese solar panels, washing machines, steel and aluminum, as well as on other imported goods for intellectual property theft. China has retaliated every time. However, there are more potential tariffs on the way, with Trump threatening to impose new levies worth as much as $200 billion.

David Riley, the chief investment strategist at BlueBay Asset Management, told CNBC’s “Street Signs” Friday: “If I was sitting in Beijing, I would be pretty worried.”

“I think we are going to get potentially more tariffs imposed on China coming at the end of the month, or early September,” he said.


Company: cnbc, Activity: cnbc, Date: 2018-07-27  Authors: silvia amaro, michael nagle, bloomberg, getty images
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Big investors say the trade war could put the Federal Reserve in a really tough spot

“I think that’s the big conundrum and I think that’s what Chairman Powell has basically signaled,” Taraporevala said at the Delivering Alpha Conference in New York last week. The White House has also imposed taxes on imports from countries like China as a means of forcing allies to re-examine longstanding trade deals. There’s almost no way it won’t be inflationary,” said Erdoes. “When you think of tariffs on China, you have to think through: If you put tariffs on the computer industry in China,


“I think that’s the big conundrum and I think that’s what Chairman Powell has basically signaled,” Taraporevala said at the Delivering Alpha Conference in New York last week. The White House has also imposed taxes on imports from countries like China as a means of forcing allies to re-examine longstanding trade deals. There’s almost no way it won’t be inflationary,” said Erdoes. “When you think of tariffs on China, you have to think through: If you put tariffs on the computer industry in China,
Big investors say the trade war could put the Federal Reserve in a really tough spot Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-07-24  Authors: thomas franck, david a grogan, heidi gutman
Keywords: news, cnbc, companies, tough, inflationary, thats, war, imposed, does, big, reserve, federal, think, say, spot, really, erdoes, trade, investors, goods, china, tariffs


Big investors say the trade war could put the Federal Reserve in a really tough spot

“I think that’s the big conundrum and I think that’s what Chairman Powell has basically signaled,” Taraporevala said at the Delivering Alpha Conference in New York last week. “The single biggest risk he sees is, in fact, if it does escalate into a trade war.”

President Donald Trump and his administration have defended an initiative of “fair and reciprocal” trade throughout his tenure, demanding that some of the nation’s economic allies offer the U.S. a better deal in an effort to curb Washington’s trade deficit and promote American exports. The White House has also imposed taxes on imports from countries like China as a means of forcing allies to re-examine longstanding trade deals.

Since January 2017, the United States has imposed tariffs on $79 billion of goods and services and proposed an additional $702 billion on others foreign goods in an effort to force key trading partners to renegotiate trade agreements.

“It will be inflationary. There’s almost no way it won’t be inflationary,” said Erdoes. “When you think of tariffs on China, you have to think through: If you put tariffs on the computer industry in China, you’re only hurting — 15 percent of the companies there are Chinese. Eighty-five percent of them are U.S. and other multinationals that are going to be hurt.”

“So what does that do?” Erdoes asked. “What does it do to the rest of Asia? What does it do to U.S. companies that don’t have pricing pressure? Could they raise their prices? Now you have other inflation and so you cascade into these second or third derivatives, which is the hardest thing for people to think through.”


Company: cnbc, Activity: cnbc, Date: 2018-07-24  Authors: thomas franck, david a grogan, heidi gutman
Keywords: news, cnbc, companies, tough, inflationary, thats, war, imposed, does, big, reserve, federal, think, say, spot, really, erdoes, trade, investors, goods, china, tariffs


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US launches five WTO challenges to retaliatory tariffs

The United States launched five separate World Trade Organization dispute actions on Monday challenging retaliatory tariffs imposed by China, the European Union, Canada, Mexico, and Turkey following U.S. duties on steel and aluminum. The retaliatory tariffs on up to a combined $28.5 billion worth of U.S. exports are illegal under WTO rules, U.S. Trade Representative Robert Lighthizer said in a statement. “These tariffs appear to breach each WTO member’s commitments under the WTO Agreement,” he s


The United States launched five separate World Trade Organization dispute actions on Monday challenging retaliatory tariffs imposed by China, the European Union, Canada, Mexico, and Turkey following U.S. duties on steel and aluminum. The retaliatory tariffs on up to a combined $28.5 billion worth of U.S. exports are illegal under WTO rules, U.S. Trade Representative Robert Lighthizer said in a statement. “These tariffs appear to breach each WTO member’s commitments under the WTO Agreement,” he s
US launches five WTO challenges to retaliatory tariffs Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-07-17  Authors: getty images
Keywords: news, cnbc, companies, wto, aluminum, launches, states, united, challenges, tariffs, retaliatory, trade, imposed, mexico, steel


US launches five WTO challenges to retaliatory tariffs

The United States launched five separate World Trade Organization dispute actions on Monday challenging retaliatory tariffs imposed by China, the European Union, Canada, Mexico, and Turkey following U.S. duties on steel and aluminum.

The retaliatory tariffs on up to a combined $28.5 billion worth of U.S. exports are illegal under WTO rules, U.S. Trade Representative Robert Lighthizer said in a statement.

“These tariffs appear to breach each WTO member’s commitments under the WTO Agreement,” he said. “The United States will take all necessary actions to protect our interests, and we urge our trading partners to work constructively with us on the problems created by massive and persistent excess capacity in the steel and aluminum sectors.”

Lighthizer’s office has maintained that the tariffs the United States has imposed on imports of steel and aluminum are acceptable under WTO rules because they were imposed on the grounds of a national security exception.

Mexico said it would defend its retaliatory measures, saying the imposition of U.S. tariffs was “unjustified.”

“The purchases the United States makes of steel and aluminum from Mexico do not represent a threat to the national security,” Mexico’s Economy Ministry said in a statement.

“On the contrary, the solid trade relationship between Mexico and the U.S. has created an integrated regional market where steel and aluminum products contribute to the competitiveness of the region in various strategic sectors, such as automotive, aerospace, electrical and electronic,” the ministry added.

Lighthizer said last month that retaliation had no legal basis because the EU and other trading partners were making false assertions that the U.S. steel and aluminum tariffs are illegal “safeguard” actions intended to protect U.S. producers.


Company: cnbc, Activity: cnbc, Date: 2018-07-17  Authors: getty images
Keywords: news, cnbc, companies, wto, aluminum, launches, states, united, challenges, tariffs, retaliatory, trade, imposed, mexico, steel


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China does not need US soybeans for state reserves: China official

China, the world’s top soybean buyer, can fully meet the needs of its state soybean reserves without importing from the United States, an official with the state stockpiler told state TV on Thursday. 2 supplier threaten to raise costs for livestock farmers and potentially increase the price of pork, the nation’s favourite meat. Without U.S. soybeans, China can import from South America and countries participating in China’s Belt and Road initiative to satisfy its needs for state stocks, said Lu.


China, the world’s top soybean buyer, can fully meet the needs of its state soybean reserves without importing from the United States, an official with the state stockpiler told state TV on Thursday. 2 supplier threaten to raise costs for livestock farmers and potentially increase the price of pork, the nation’s favourite meat. Without U.S. soybeans, China can import from South America and countries participating in China’s Belt and Road initiative to satisfy its needs for state stocks, said Lu.
China does not need US soybeans for state reserves: China official Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-07-12  Authors: shannon stapleton
Keywords: news, cnbc, companies, reserves, needs, imposed, soybean, need, imports, comments, state, soybeans, duties, china, stocks, does, farmers, official


China does not need US soybeans for state reserves: China official

China, the world’s top soybean buyer, can fully meet the needs of its state soybean reserves without importing from the United States, an official with the state stockpiler told state TV on Thursday.

The comments by Lu Xiaodong, deputy general manager of Sinograin, on CCTV come after Beijing imposed 25 percent duties on imports of U.S. soybeans last Friday, in retaliation over measures imposed on Chinese goods by U.S. President Donald Trump.

The steep duties on beans from China’s No. 2 supplier threaten to raise costs for livestock farmers and potentially increase the price of pork, the nation’s favourite meat.

Without U.S. soybeans, China can import from South America and countries participating in China’s Belt and Road initiative to satisfy its needs for state stocks, said Lu.

There are currently ample state stocks of soybeans, he said. The size of Beijing’s soybean stockpiles is not known.

The report follows comments made by state-owned grains trader COFCO earlier this week, which also sought to soothe concerns about supplies of the oilseed in China.

China’s agriculture ministry cut its forecast for soybean imports for the 2018/19 crop year on Thursday, warning that higher prices due to trade conflict with the U.S. would curb demand as farmers switch to alternative ingredients for their animal feed.


Company: cnbc, Activity: cnbc, Date: 2018-07-12  Authors: shannon stapleton
Keywords: news, cnbc, companies, reserves, needs, imposed, soybean, need, imports, comments, state, soybeans, duties, china, stocks, does, farmers, official


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