Us Imports

US solar firms seek retroactive duties on imports from Vietnam, Thailand

New tariffs could be particularly harmful to Vietnam, which risks the highest duties as it is deemed by the United States a non-market economy

US retailers rush holiday imports, fearing strikes & disruptions in Red Sea

Container imports and freight rates surged in July, signaling an earlier-than-usual peak season for the ocean shipping industry that handles about 80 per cent of global trade

US cotton industry seeks removal of 11% import duty on short staple cotton

The US industry body Cotton Council International on Tuesday asked the government to remove 11 per cent import duty on short staple cotton, in a bid to bring down its prices for the benefit of the Indian textile industry. In February, the government had removed the import duty of 10 per cent for cotton with a staple length above 32 millimeters (mm), also known as Extra Long Staple (ELS) cotton. However, the import duty of 11 per cent on imported cotton below staple length of 32 mm remains in effect. On February 1, 2021, the government announced an 11 per cent duty on imported cotton, effective February 2, 2021. The duty comprised of five per cent basic customs duty, five per cent tax, and one per cent social welfare charge. "As US Cotton industry we are here to have a conversation with our partners and to get a better understanding of the challenges and how we can help facilitate a positive change. One of the issues that is a challenge to us is the import duty of about 11 per cent

US makers of masks, gloves get lifeline from tariffs on Chinese products

Biden's tariffs could boost demand by helping level a price differential with cheap imports from China, and could foster investments

China's exports, imports beat estimates, trade surplus of over $125 bn

China's exports and imports for the first two months of the year beat estimates, an indication that demand may be improving as Beijing attempts to boost economic recovery. Exports for the January-February period grew 7.1 per cent from a year earlier, customs data released Thursday showed, higher than the 2.3 per cent rise in December. Imports rose 3.5 per cent from the same time last year, up from a 0.2 per cent growth in December. China posted a trade surplus of USD 125.16 billion. Though China usually releases trade data monthly, the data for the first two months of the year are combined to avoid disruptions from the weeklong Lunar New Year holidays, when many businesses and factories are closed. The world's second-largest economy has struggled to bounce back after the pandemic, as it grapples with weaker demand globally as well as a domestic property crisis that remains a drag on the economy. Demand for Chinese exports has also been weak since the Federal Reserve and central b

US trade deficit shrinks 18.7% in 2023, slightly widens in December

Economists expected trade, which added to gross domestic product growth last year, to remain supportive to the economy in 2024, though Red Sea shipping disruptions posed risk

US looks to ban imports, exports of tropical fish threatened by aquarium

The federal government is looking to ban importation and exportation of a species of a tropical fish that conservation groups have long said is exploited by the pet trade. The fish is the Banggai cardinalfish, a small striped saltwater fish native to Indonesia. The National Oceanic and Atmospheric Administration listed the species as threatened under the Endangered Species Act in 2016, saying that the main threats to the fish included harvest for ornamental aquariums. The agency proposed on Tuesday to apply prohibitions under the Endangered Species Act that would make it unlawful to import or export the species in the United States. The proposal followed a 2021 petition from conservation groups that said the fish needs the ban to have a chance at survival. The US imports an average of 120,000 of the fish every year, members of the groups said Wednesday. The species have declined in number by as much as 90 per cent since the 1990s because of exploitation in the aquarium trade, they .

US trade deficit narrows sharply to 9.1% in March as exports rise

Exports increased 2.1% to $256.2 billion. Goods exports shot up 3.1% to $174.3 billion. Crude oil exports rose $2.5 billion, boosting shipments of industrial supplies and materials

India will cut import tariff on pecans by 70 per cent: Senator Jon Ossoff

India has agreed to reduce the import tariff on pecans by 70 per cent, said an influential American Senator, who has been campaigning on it for the last one year. Senator Jon Ossoff, who represents Georgia in the US Senate and met seven times with India's Ambassador to the US Taranjit Singh Sandhu over the last year, on Wednesday said that the reduction in tariff on pecans would help the farmers in his constituency. Today I can announce that after a year of painstaking diplomacy, the Indian government will cut that tariff by 70 per cent. This is a huge win for Georgia pecan farmers, and it wouldn't be possible without them, Ossoff said. Ossoff said India's high pecan tariffs have prevented Georgia pecan exports to this market of more than one billion consumers. He thanked US Trade Representative Ambassador Katherine Tai for her steadfast support, Sandhu for his constructive engagement, Senator Warnock for his teamwork, and Georgia's farmers for their perseverance to secure this ...

US ban on imports from China's Xinjiang over forced labour takes effect

A US law banning imports from China's Xinjiang province took effect on Tuesday, a move aimed at addressing Beijing's use of forced labour among the Uyghur minority

Officials relieved at joint US-India economic partnership statement

The reason is that this is the first time that there is no ask from Capitol Hill on economic reforms

US trade deficit jumps to record high in June on strong import growth

The Commerce Department said on Thursday that the trade gap increased 6.7% to $75.7 billion in June, an all-time high

US bans cotton, tomato products from China's Xinjiang over forced labour

The US announced a ban on the entry of cotton and tomato products from China's Xinjiang region amid allegations that detainee or prison labour from Uyghurs went into making them

EU permitted to impose duties on US imports in Boeing case: Commission

In the absence of a negotiated outcome, the EU will be ready to take action in line with the WTO ruling

China to halve tariffs on 1,717 products imported from the United States

China's finance ministry said in a statement that tariff reductions for the relevant goods, which were implemented on Sept. 1, will take effect from 0501 GMT on Feb. 14

China to exempt US imports from retaliatory tariffs to fight coronavirus

The new coronavirus has killed more than 250 people and infected nearly 12,000 across the country

China to increase US imports according to 'market principles': Official

Chinese companies will import U.S. agricultural goods according to consumers' need, and demand and supply in the market, Liu told reporters, according to CCTV.

India extends deadline to impose high import duties on 29 US products

The govt has extended this deadline over half a dozen times since June 2018

US imports rise to record $266.6 billion despite protectionist policies

The volume of imports eroded the positive effect of an export increase of $212.6 billion, which was $3.1 billion more than in August