Shipments
China has for decades given tax rebates to exporters selling value-added steel, allowing them to undercut competitors.
Japan’s government has expressed reluctance to meet U.S. demands for fewer restrictions on shipments of beef and cars into the Asian nation.
Saudi Arabia’s efforts to reduce a worldwide crude supply glut by cutting shipments to the United States means others are now filling in, most notably Iraq.
Under an agreement, 12 million barrels of oil shipments are to be delivered to Egypt from the state oil marketing company SOMO.
Egypt received to date three Iraqi crude shipments with a total volume of six million barrels.
