Manila has assured the World Trade Organization (WTO) that the Philippines will be able to finally convert its quantitative restriction (QR) on rice into tariffs by June, nearly a year after the government was supposed to have scrapped the nontariff measure.
A shortage in the domestic market of carbon black, a key raw material used in tyres as a reinforcing material, has resulted in unplanned shutdowns of factories, an industry body has said.
US Secretary of Commerce Wilbur Ross has announced the initiation of new antidumping (AD) and countervailing duty (CVD) investigations to determine whether certain plastic decorative ribbon from China is being dumped in the United States or if producers in China are receiving unfair subsidies.
President Donald Trump has told confidants that he wants to impose the harshest tariffs on steel and aluminum imports recommended by the Commerce Department, but if he does this, the U.S. will face retaliation from its European allies.
CANADA said today it was allowing Boeing to submit a bid to replace the country's ageing F-18 fleet, after an earlier trade dispute between the American manufacturer and Ottawa.