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The US Department of Commerce said it was necessary to set compensation duties on the import of aluminum sheets and alloys from China at a level of 113%, since it had previously determined that it was being subsidized. The US Department of Commerce will announce a final decision on the results of the investigation on August 30, Reuters reports. The investigation was started in November 2017. The statement of the president of the American trade group, Heidi Brock, says: “This is an important first step to start the restoration of the playing field for the production of aluminum sheets in the United States”. Beijing said that the introduction of these duties was contrary to the rules of the World Trade Organization.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
The dollar was under pressure on Monday as the escalating U.S.-China tensions weighed on the market, while investors worried that the U.S. coronavirus resurgence could stall economic recovery. The dollar fell to a four-month low on the yen ...
Oil prices rose on Friday as the dollar dropped to a near two-year low, but demand worries amid rising coronavirus cases and the worsening U.S.-China tensions capped gains. Brent crude gained 0.4%, or 15 cents, at $43.46 per barrel. U.S. West ...
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