U.S.-China tariffs threaten European capital goods supply chains

European capital goods companies are starting to show the strain of Washington’s trade conflicts with China and other countries, as tariffs push up costs for machine parts and raw materials and threaten to worsen supply bottlenecks. Makers of machines that rely on thousands of small parts from around the world – from Swedish lawnmower maker
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NEW DELHI: The Commerce Ministry will soon approach the Union Cabinet to seek approval for the proposed Multimodal Transportation of Goods Bill 2018 which seeks to facilitate smooth movement of products for domestic consumption as also foreign trade, according to an official. Multimodal transportation includes a combination of more than one mode of movement, such
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The Ministry of Road Transport and Highways has notified draft amendments to the Central Motor Vehicles Rules, making FASTags and Vehicle Tracking System device mandatory for all commercial vehicles obtaining national permit. The front windscreen of the vehicle will have to be affixed with a sticker confirming fitting of the Fastag. The draft amendments also
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China accused the United States of bullying and warned it would hit back after the Trump administration raised the stakes in their trade dispute, threatening 10 percent tariffs on $200 billion of Chinese goods. China’s commerce ministry said on Wednesday it was “shocked” and would complain to the World Trade Organisation, but did not immediately
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Commodities headed for the biggest loss since March, with agricultural products pacing the declines amid concern that the U.S.-China trade spat could cut demand for farm goods. The Bloomberg Commodity Index, which tracks returns for 22 components, fell 1 percent to 89.557 at 1:36 p.m. New York time and is set for the largest retreat
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The Centre has informed that the e-way bill system for Intra-State movement of goods would be implemented in two more states, namely Assam and Rajasthan, this week. As per the Ministry of Finance, the e-way bill rollout has been scheduled for Wednesday (May 16) in Assam, and Sunday (May 20) in Rajasthan. The rollout of
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Demand for long-lasting U.S factory goods rose in February, supported by an uptick in business investment. Orders for durable goods–products designed to last at least three years, such as industrial robots and refrigerators–increased 3.1% from the prior month to a seasonally adjusted $247.72 billion in February, the Commerce Department said Friday. It was the largest
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