Search Results for: China

The US paint and coatings industry is set to experience pain as “the spectre of significantly reduced profits looms large” because of the ongoing trade war over tariffs with China, a trade think-tank has warned.

And American industry representatives have indicated job losses and “negative financial impacts” could result from the tariffs increasing the cost of chemicals and other raw materials imported by the sector.…

CHINESE tobacco exporters are facing stiff additional duties of 25% imposed by the US government on a wide range of tobacco products imported into the USA, as the two countries’ trade war worsens.

Washington has increased previous 10% additional duties on manufactured lines, leaf and tobacco waste from China to 25% from May 10, citing a lack of progress on ongoing trade talks.…

EXPORTS of nonwovens products from the European Union (EU) to the rest of the world are on the rise, with in 2018 such overseas sales of nonwovens (whether or not impregnated, coated, covered or laminated) within the 28 members of the European Union (EU) accounted for EUR4.33 billion, up from EUR4.19 billion in 2017.…

THE UK paint and coatings sales may be on a downward trend according to the latest market data but industry experts are hoping that the industry will bounce back in the medium to long term, even should the country exit the European Union (EU).…

THE INDUSTRIAL minerals mining and processing sector and its customers has an increasingly complex and global supply chain and as a result, international technical standards are growing in utility and importance. Where suppliers and retailers follow and require the use of international standards to guide their operations and products, there will be fewer nasty surprises, in orders and purchases.…

THE INDIAN clothing and textile industry thinks it is better able to score export orders internationally since March when the central government announced new tax benefits for the country’s garment exporters. Rahul Mehta, president of Clothing Manufacturing Association of India, told just-style, that the combined reduction in costs delivered by a refund of the central and state taxes, new benefits under the Merchandise Exports from India Scheme (MEIS), and renewed 2% duty drawbacks, is 9% to 10%, and that “makes us more competitive”.…

This July is the 30th anniversary of the Financial Action Task Force (FATF), which developed its 40 recommendations on anti-money laundering (AML) and nine special recommendations on combating the financing of terrorism (CFT) – but the jury is still out on whether the AML/CFT system it has created is really working.…

Russia has criticised Mexico at the World Trade Organisation (WTO) for maintaining anti-dumping duties on Russian steel exports, which it claims are outdated, being based on pricing assessments using data from a different country.

The Mexican government used this method for past dumping calculations on Russian steel because it is permitted under WTO rules where a government dominates an economy that does not operate as a free market.…

THE US government has increased its existing 10% additional duties on imports of non-ferrous base metals and ferrous metals and associated products from China to 25% from today (May 10), citing a lack of progress on ongoing trade talks.

These duties will be imposed on Chinese exports to the USA of tariff lines including items and products of copper, zinc, nickel, iron and steel and other base metals.…

PAKISTAN’s apparel and garment exporters have called on the country’s new government to simplify what it regards as overly complex trading red-tape impeding the import of key inputs, vital for diversifying export-oriented production.

“To increase our exports, we will have to enhance our product lines and relax the existing import policy for import of raw materials,” Muhammad Ijaz Khokhar, coordinator of the Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) told just-style.…