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US initiates new anti-dumping duty, countervailing investigations

Thursday, November 14, 2019, 4:55 PM

The US has announced the initiation of new anti-dumping duty and countervailing duty investigations to determine whether forged steel fittings from India and South-Korea are being dumped in the country and to find if producers in India are receiving unfair subsidies. In 2018, imports of forged steel fittings from India and South Korea were valued at an estimated USD 92.6-million and USD 67.6-million, respectively.
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China narrows scope for trade deal with US ahead of talks

Monday, October 7, 2019, 12:07 PM

Chinese officials are signaling they're increasingly reluctant to agree to a broad trade deal pursued by President Trump, ahead of negotiations this week that have raised hopes of a potential truce. In meetings with U.S. visitors to Beijing in recent weeks, senior Chinese officials have indicated the range of topics they're willing to discuss has narrowed considerably, according to people familiar with the discussions.
 
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UPDATE 3-Japan downgrades Q2 GDP as trade war hits business investment

Monday, September 9, 2019, 7:26 PM

Japan's economy grew at a slower pace than initially estimated in the second-quarter as the U.S.-China-trade-war prompted a downward revision of business spending, intensifying calls for the central-bank to deepen stimulus this month. Weakness in the global economy and worsening trade protectionism have emerged as risks to growth and added some pressure for the Bank of Japan(BOJ) to expand stimulus when it meets next-week.