China Prepares for Life Without US LNG

On 24 September, China released a second list of goods which will attract a 10% tariff on imports from the US. Interestingly, LNG did not feature in the first list, but it was included in the second. China also indicated that it may eventually impose a 25% tariff on the US LNG imports. In this
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NEW DELHI: The ongoing trade war between the US and China that has witnessed Beijing slapping higher duties on American goods in tit-for-tat action has opened up a window of opportunity for India that has long struggled to contain a widening trade deficit with its giant neighbour. But gains are contingent on getting market access
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According to data collated by the office of the United States Trade Representative (USTR), bilateral trade of goods and services between India and the US has gone up by 119 per cent since 2007 to touch $126.2 billion. “India is our ninth largest goods trading partner with $74.3 billion in total (two-way) goods trade during
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The Unites States Coast Guard has set Port Condition Zulu in the Gulf Intracoastal Waterway east of Perdido Pass, Port of Panama City and Port of Pensacola in anticipation of the Hurricane Michael, closing the ports to all inbound and outbound traffic. The Coast Guard set port condition X-ray for ports in Georgia, South Carolina, and all other terminals and
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WASHINGTON: The US Government’s development Finance Institution OPIC is keen to invest in the development of India’s infrastructure and port sectors, a top US official said recently. Overseas Private Investment Corporation (OPIC) Executive Vice-President David Bohigian, who is visiting India, further said that India is a clearly the anchor of US Government’s Indo-Pacific strategy. OPIC
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The brewing trade war between the global super powers, China and the United States, has led to a complete freeze of US seaborne exports of crude oil to China. Even though crude oil was left out from the recent wave of tit-for-tat tariffs between the duo, the country’s seaborne exports of crude oil to China
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Prime scrap moved up $20/lt and obsolete scrap moved up $10/lt in early trading around Detroit on Wednesday, while a bid/offer gap between steel mills and their ferrous scrap suppliers kept things at a standstill in most other regions. Aggressive demand for prime scrap by one major mill group stoked supplier optimism. The major mill
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NEW DELHI: With the US, India’s largest destination for merchandise exports, showing a robust economic growth, its best in the last four years, Indian exports hold a promising outlook, helping the Country’s macro picture, an ASSOCHAM Paper has noted. The US economy grew by 4.2 per cent in the second quarter of this year, the
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With the US, India’s largest destination for merchandise exports, showing robust economic growth, its best in the last four years, Indian exports hold a promising outlook, helping the country’s macro picture, an ASSOCHAM paper has noted. The US economy grew by 4.2 per cent in the second quarter of this year, the best in about
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America’s ports are fearful that they will be big losers as the escalating trade fight between Washington and Beijing bites into business. The anxiety is that tit-for-tat tariffs between the two economic superpowers will crimp shipments, denting port revenues. Mr Kurt Nagle, head of the American Association of Port Authorities, called the state of play
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