imports
By Mei Mei Chu BEIJING (Reuters) – Since the U.S. and China imposed tit-for-tat tariffs in their trade war during Donald Trump’s first presidential term, Beijing has taken steps to reduce its reliance on American farm goods in a wider effort to bolster its food security. That has put China…
As traders approach another pivotal day for financial markets, a series of crucial economic data releases that could sway market dynamics are expected on Tuesday, October 8, 2024. The day’s schedule includes significant reports on trade balance, exports, and imports, which will provide insights into the United States’ economic performance…
The US port strike on the East and Gulf Coasts could threaten farm exports amid harvest season.The National Grain and Feed Association warned of supply chain disruptions and lower farmgate prices.President Joe Biden urged fair negotiations, highlighting the economic risks and worker wage concerns. The US port strike at East…
By Yuka Obayashi, Katya Golubkova and Ritsuko Shimizu TOKYO (Reuters) – Nippon Steel and other Japanese steelmakers are urging Tokyo to consider curbing cheap steel imports coming from China, the world’s biggest steel producer, to protect the local market, Vice Chairman Takahiro Mori said in an interview. As Nippon Steel…
By Adriana Barrera and Cassandra Garrison MEXICO CITY (Reuters) – Mexico’s incoming government will discard a core goal of outgoing President Andres Manuel Lopez Obrador to reduce imports of yellow corn and achieve self-sufficiency in production of the grain, according to the incoming agriculture minister. Julio Berdegue, named to President-elect…
A look at the day ahead in U.S. and global markets from Mike Dolan After a frenetic week of G7 interest rate cuts, new records for stocks, another scramble for AI and a wave of elections, world markets have frozen awaiting the U.S. employment report. The May payrolls report comes…
By Andrew Silver, Timothy Aeppel and Rozanna Latiff SHANGHAI (Reuters) – Higher U.S. tariffs on medical gloves, syringes and face masks from China are unlikely to make U.S. producers more competitive, as other low-cost suppliers are expected to rush in to fill the gap, industry executives said. Earlier this month,…
By Clyde Russell LAUNCESTON, Australia (Reuters) – China increased the pace at which it added crude to inventories in March as the world’s biggest oil importer snapped up record imports from Western-sanctioned Russia. A total of 790,000 barrels per day (bpd) were added to China’s commercial or strategic stockpiles in…
By Clyde Russell LAUNCESTON, Australia (Reuters) – The return of China’s key manufacturing index to positive territory for the first time in six months has sparked optimism that commodity demand from the world’s biggest buyer of natural resources is poised to accelerate. The official purchasing managers’ index (PMI) rose to…
MOSCOW (Reuters) – Russia has increased gasoline imports from neighbouring Belarus in March to tackle the risk of shortages in its domestic market because of unscheduled repairs at Russian refineries after drone attacks, four industry and trade sources said on Wednesday. Usually Russia is a net exporter of fuel and…
