Tariffs
Participants in the National Dialogue's manufacturing session stipulated Tuesday the necessity of boosting the volume of exports, making commercial attaches more effective, and setting a national strategy to develop the sector.
Most of the quantity was brought in by expats residing abroad, mainly in Gulf countries.
Such moves are aimed for the improvement of Egypt's rankings of competitiveness, doing business, and macroeconomic environment.
The decision shows how Washington’s effort to bar sales of technology to Chinese firms, including Huawei Technologies, is ensnaring non-American firms that are not obliged to follow U.S. law.
Trump has repeatedly said he is getting ready to meet Chinese President Xi Jinping at the Osaka summit at the end of June, but China has not confirmed it.
Egypt Today reviews the details of the decision of collecting temporary protection fees on Egypt's imports of iron billets and steel rebar for 180 days.
The fees are 15 percent for billets and 25 percent for steel rebar in all its forms such as bars, rods, rolls or chopsticks, besides its semi-finished products as billets.
The completion of the world's largest trade deal -- backed by Beijing and excluding the United States -- has been pushed back to next year.
EU’s trade commissioner, Cecilia Malmstrom, said she assumes the United States will not slap auto tariffs on the EU while the two sides are negotiating on trade.
Import growth also defied forecasts for a slowdown, suggesting Beijing’s growth-boosting measures to support the cooling economy may be slowly starting to make themselves felt.
The final aluminum sheet duties, however, were reduced from those first imposed in April and July. The initial combined range was 198.4 percent to 280.46 percent.
Trump said in the interview he would like to make a deal now, but that China was not ready. He did not elaborate.
The company representatives and other sources spoke on condition of anonymity because of the sensitivity of the issue.
The U.S. had proposed the talks, but at the same time moved forward with planning additional tariffs on some $200 billion of Chinese products, the Journal reported.
Liquidity was thin with Japan on holiday and moves in currencies and bonds were minor.
The tariff level will probably be about 10 percent, the Wall Street Journal reported, quoting people familiar with the matter.
The UK's blue-chip index edged lower in early Friday trading as investors awaited news on whether the United States would impose new tariffs on Chinese imports
China will closely monitor the impact from any fresh tariffs and adopt strong measures to offset negative the effects, ministry spokesman Gao Feng told a regular news conference.
Trump, citing national security concerns, placed tariffs of 25 percent on steel imports and 10 percent on aluminum imports.
Spreadbetters expected European stocks to open mixed, with Britain’s FTSE and Germany’s DAX each slipping about 0.1 percent and France’s CAC inching up 0.05 percent.
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