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Following US President Donald Trump's October 9 announcement of an agreement signed with Russian President Vladimir Putin to import Russian diesel into the United States, a number of pro-Russian social media accounts began claiming that a Russian oil tanker was already carrying thousands of barrels of diesel to the United States. The ship was actually carrying fertiliser.
Chemicals and industrial machinery were identified as the top priority industries the EU needs to shield against Chinese imports during a meeting between the EU’s top leaders in Brussels on Thursday. European Commission President Ursula von der Leyen told the bloc’s 27 member states that the EU should consider quickly introducing safeguard measures, which can involve import quotas and tariffs, to shield these sectors from a wave of cut-price alternatives from China, according to people familiar...
Premier Li Qiang said on Wednesday that China stands ready to import more high-quality goods, particularly high-value-added products, as part of efforts to promote more balanced trade. Li made the pledge at a symposium for the autumn session of the biannual Canton Fair, China’s largest foreign trade exhibition. The nearly three-week-long event officially opens on Thursday, with more than 32,000 exhibitors and 210,000 overseas buyers registered in advance. “International trade is not merely...
Two-way trade between January and September was up 25.4% to $144.45 billion, while India’s imports from China continued to rise, up 23.3% to $125.19 billion
The Port of Los Angeles, the largest container port in the United States and the country’s leading gateway for imports from China and other Asian countries, had its busiest three-month period on record from July through to September, despite persistent uncertainty over tariffs and shifting global trade supply chains. “If there was ever a time for a drum roll, this is it,” said Gene Seroka, executive director of the Port of Los Angeles, during a media briefing on Friday. “July through September...
Canada's August exports to the US rose 8.1% and imports fell 2.5%, widening its surplus while Washington declines to restart trade talks. The post Canada’s Trade Surplus With the US Widens appeared first on The Rio Times.
A wage dispute at the Port Harcourt refinery shows why Nigeria's state-owned plants still struggle to compete with Dangote and cut fuel imports. The post Port Harcourt Refinery Strike Tests Nigeria’s Fuel Future appeared first on The Rio Times.
Dominican rice farmers warn that scrapping tariffs of up to 99% on US rice will depress prices, while the government vows not to abandon growers. The post Dominican Rice Farmers Say US Imports Risk 300,000 Jobs appeared first on The Rio Times.
The US trade deficit widened sharply in August to the largest since early 2025 as a surge in inbound shipments of capital goods helped push imports to a record.
India’s toy shops provide an unlikely barometer by which to measure its economic relationship with China.
US soybean farmers have described the exclusion of US soybeans from China’s import list under the newly announced Board of Trade mechanism as a “missed opportunity”, even as Beijing ramped up purchases of the crop ahead of last week’s summit between Chinese President Xi Jinping and US President Donald Trump. The trade forum, unveiled by both sides on Sunday, covered a range of US agricultural products for export to China, including meat, dairy, corn, wheat, sorghum and vegetable oils, but...
The domestic titanium dioxide industry is facing a severe crisis due to low-priced imports from China, which has significantly impacted public sector undertakings in Kerala including KMML and TTPL.
Vietnam’s top leader To Lam tells Bloomberg the nation is “very close” to a trade deal with the US. Vietnam wants to import more US items, Lam says in an exclusive interview on the sidelines of the UN General Assembly. (Source: Bloomberg)
Europe faces a fourth-quarter jet fuel deficit, even as it turns to far-flung suppliers including South Korea, which is set to boost its jet exports to Europe to a four-year high in September, according to analysts and shipping data. The continent has been importing more jet fuel from nations including Nigeria, the United States and Canada since the outbreak of the Iran war over half a year ago, which hit Middle Eastern supplies and cut off around half of Europe’s jet imports. Europe remains...
Why did the U.S. introduce the Lindsey O. Graham Sanctioning Russia and Iran Act, 2026? What does this new law say about tariffs? What particular condition impacts India’s imports of Russian oil? How could this impact India’s economy? Is there any provision for a waiver of tariffs?