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Report: US to repeal steel tariffs this week

The Bush administration has decided to repeal its 20-month-old tariffs on imported steel to head off a trade war that would have included foreign retaliation against products from politically crucial US states, I>The Washington Post/Ireported.

Nation

No anti-dumping duty on CTVs sold in US

The United States has not imposed an anti-dumping duty on colour television sets (CTV) imported from Malaysia because preliminary investigations found no reasonable basis to suspect Malaysia of practising dumping, said United States Department of Commerce (USDOC) on Monday.

Business

Policy makers warn against protectionism

US Federal Reserve chairman Alan Greenspan and top International Monetary Fund (IMF) policy-maker Anne Krueger, fearing that decades of trade liberalisation are being reversed, have sounded stern warnings against signs of creeping protectionism.

Business

China says it will raise tariffs on US imports

B>BEIJING: /B>China will raise tariffs on some American imports, the Commerce Ministry announced Thursday, in a step that came just days after a fresh trade spat sparked by a US move to cap imports of selected Chinese textiles.

Nation

Village puts hopes in solar power

When the first-of-its-kind solar station was installed in Kampung Denai, Rompin, almost a year ago, village head Apil Maulud decided to go without electricity to allow the power to be channelled for the community first.

Business

Bush may be leaning towards lifting steel tariffs

Under pressure from many of his top advisers to lift tariffs on steel imports, US President George W. Bush may be moving in that direction to avert a trade war with Europe, according to Republican sources and analysts.

Business

Asian steel giants await US response to WTO

Asian steel-producing giants Japan and South Korea kept their powder dry yesterday as they gave Washington a chance to avert a trade war over steel import tariffs ruled illegal by the World Trade Organisation (WTO).

Business

US urged to drop steel duties after WTO ruling

Emboldened by a World Trade Organization ruling, Japan, South Korea and the European Union on Tuesday demanded the United States immediately drop its duties on imported steel or face the possibility of billions of dollars in retaliation.

Nation

Shandong team for trade seminar

Low tariffs under the Asean Free Trade Area (Afta) will be one of the incentives offered by the Perak State Development Corporation (PSDC) to lure entrepreneurs from the Shandong province of China to invest in the state.