July 4, 2013 |
SAO PAULO, Brazil - On a recent vacation to Orlando, Fla., from his home in Brazil, Tulio Avellar made sure to stop by such world famous tourist destinations as Walt Disney World and Universal Studios. But he also visited one of the most popular spots for anyone traveling from Brazil: the Apple store. The 23-year-old bought an unlocked iPhone 4S for $570 - about half its cost back home. Brazilians planning to visit the U.S. are often besieged by requests from friends and family to procure Apple products for them.
July 3, 2013 |
Clothing made in Bangladesh, the country's primary export and the product implicated in more than 1,200 workplace fatalities in the last year, won't be covered by President Obama's suspension of trade privileges for that country's goods -- because those products do not receive the special tax breaks to start with. It's natural to want to do something about a nation and an industry that have shown wanton disregard for the most basic kinds of safety measures, but it's unclear that this is the kind of measure that will matter.
May 3, 2013 |
There's a wrinkle in the outlook for expensive women's designer jeans. Europe has more than tripled a tariff on the high-end denim creations, which could snag the boom for pricey pants. Beginning Wednesday, the European Union duty on women's denim trousers manufactured in the United States jumped to 38% from 12%. The hike, if passed along to customers in the form of price increases, could put a damper on denim exports to Europe, currently a growing market for U.S. denim makers.
December 8, 2012 |
WASHINGTON — California olive oil producer Pat Ricchiuti feels the squeeze of foreign competition. So do his counterparts in Texas, Georgia and a handful of other states. Now, with the help of congressional allies, these leading U.S. olive oil producers are forcing a closer look at a tough global market. In a U.S. International Trade Commission hearing this week, officials ratcheted up a yearlong investigation that could end up pitting importers against domestic producers and one country against another.
July 5, 2012 |
The Obama administration ratcheted up trade tensions with China, filing an international complaint against tariffs that Beijing slapped on many large U.S.-made cars and sport utility vehicles late last year. The announcement came Thursday as President Obama launched a two-day bus tour in the suburbs of Toledo, Ohio, where one of the vehicles hit by the duties - Chrysler Group's Jeep Wrangler - is assembled. It was the second complaint the U.S. has filed against China this year amid charges from Republican presidential candidate Mitt Romney that Obama hasn't been tough enough on the Chinese.
July 5, 2012 |
WASHINGTON -- The U.S. has filed an international trade complaint against China for new duties it placed on many large American-made vehicles, the Obama administration announced Thursday. The duties, which range from 2% to 21.5%, are aimed at more than $3 billion in annual sales of cars and sport utility vehicles exported into China. The duties were slapped on the vehicles in December and are unfair, U.S. Trade Representative Ron Kirk said Thursday. “As we have made clear, the Obama administration will continue to fight to ensure that China does not misuse its trade laws and violate its international trade commitments to block exports of American-made products,” Kirk said.