Subscribe to our free daily newsletters
  Energy News  




Subscribe to our free daily newsletters



TRADE WARS
US finds Chinese aluminum foil subsidized, slaps duties
by Staff Writers
Washington (AFP) Aug 9, 2017


The US Commerce Department announced Tuesday it was imposing preliminary duties ranging from 16.5 to 81 percent on aluminum foil imports from China after finding they were subsidized.

The department "will instruct US Customs and Border Protection to collect cash deposits from importers of aluminum foil from China based on these preliminary rates," it quoted Commerce Secretary Wilbur Ross saying in a statement.

Aluminum imports from China were valued at an estimated $389 million in 2016 according to official figures.

The move follows an anti-dumping investigation announced in spring, with a final decision to be made on October 24.

"The United States is committed to free, fair and reciprocal trade, and will continue to validate the information provided to us that brought us to this decision," said Secretary Ross. "The Trump Administration will not stand idly by as harmful trade practices from foreign nations attempt to take advantage of our essential industries, workers, and businesses."

The investigation is separate from another probe, launched in April, that is looking at whether aluminum dumping and illegal subsidies are threatening the US economy and military preparedness.

Along with steel, aluminum is an essential material for the US military.

US manufacturers had demanded the imposition of tariffs on Chinese imports, arguing that government subsidies were responsible for a global excess in supply.

President Donald Trump promised during his election campaign that the US would tighten its trade policy towards China, in order to bring back manufacturing jobs.

But he had so far avoided major moves in this regard since taking office, favoring a softer approach to gain Chinese cooperation in reining back a recalcitrant North Korea.

TRADE WARS
Chinese export, import growth rates slow in July
Beijing (AFP) Aug 8, 2017
Chinese trade growth slowed significantly in July compared to the previous month, official data showed Tuesday, coming in well below expectations after months of steady momentum. Analysts said that while export and import rates were still robust year-on-year, the latest data indicated a downward trend. Exports rose 7.2 percent year-on-year to $193.65 billion, the customs administration s ... read more

Related Links
Global Trade News


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.

SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only

Comment using your Disqus, Facebook, Google or Twitter login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

TRADE WARS
India must rethink infrastructure needs for 100 new 'smart' cities to be sustainable

Allowable 'carbon budget' most likely overestimated

Sparkling springs aid quest for underground heat energy sources

Google's 'moonshot' factory spins off geothermal unit

TRADE WARS
BAE Systems installing heat and power plant at Portsmouth, England

Metal clouds to protect fusion reactor walls from heat flux

How the electrodes of lithium-air batteries become passivated

Study reveals exactly how low-cost fuel cell catalysts work

TRADE WARS
Vertical axis wind turbines can offer cheaper electricity for urban and suburban areas

Annual wind report confirms tech advancements, improved performance, low wind prices

U.S. wind power momentum up 40 percent from last year

Shale-rich Oklahoma to host mega-wind farm

TRADE WARS
Solar glasses generate solar power

New method enhances broadband light absorption in solar cells

Lightweight catalyst for artificial photosynthesis

A new picture emerges on the origins of photosynthesis in a sun-loving bacteria

TRADE WARS
The Roadmap for Increased Safety and Viability of Nuclear Power Plants

Areva signs MOX fuel fabrication contract with Japan

Construction of two nuclear power plants in US halted

Nuclear contaminates earnings of France's EDF

TRADE WARS
Additive selectively converts CO2 to multicarbon fuels

New light-activated catalyst grabs CO2 to make ingredients for fuel

Biochar could clear the air in more ways than one

Algae cultivation technique could advance biofuels

TRADE WARS
High demand means higher gasoline prices, report finds

Oil prices relatively even on wait-and-see Tuesday

United Arab Emirates, an OPEC member, eyes more oil production

Libyan oil production issue resolved

TRADE WARS
Small odds of reaching 2 C climate goal: researchers

Could spraying particles into marine clouds help cool the planet

Al Gore: I've given up on climate 'catastrophe' Trump

Could a geoengineering cocktail control the climate




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News






The content herein, unless otherwise known to be public domain, are Copyright 1995-2017 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement