Mexico was the No. 1 market for U.S. corn in 2023, importing $5.39 billion worth of the grain, according to the U.S. Department of Agriculture. (Photo: Shutterstock) Mexico’s incoming president will end the government’s plan to ban imports of genetically modified (GM) yellow corn from the U.S., according to Reuters. Julio Berdegue, named to be […]
Representative James Comer once accidentally imported Chinese marijuana on behalf of one of his donors. The massive Mary Jane mistake, from a politician who has gone on to decry doing business with the foreign superpower, was never made public—until now. Correspondence obtained by The Daily Beast from a third-party group through a records request, shows […]
By Emma Farge GENEVA (Reuters) – The World Trade Organization’s chief said on Tuesday that U.S. presidential candidate Donald Trump‘s proposal to impose a 10% import tariff would prompt retaliation from partners, resulting in a “lose-lose” situation that could upend the trading system. “If this is done, it is obviously not helpful to WTO rules. […]
(Bloomberg) — Indonesia’s move to get more goods produced onshore is already starting to backfire, with companies warning that supplies of products including Apple Inc.’s MacBook Pro could start to run out as soon as the end of April. Most Read from Bloomberg Other goods including Michelin tires and chemicals shipped from Europe may run […]
JAKARTA (Reuters) – Indonesia is evaluating regulations designed to curb imports of more than 3,000 products, a senior trade ministry official said on Friday, following industry concerns the rules could disrupt the domestic supply chain and disrupt exports. Southeast Asia’s biggest economy issued a regulation late last year to tighten monitoring for many imported goods, […]
BRUSSELS (AP) — European Union lawmakers agreed Wednesday to renew Ukraine’s import rates, which have been in place since shortly after Russia invaded, while adding protective measures for agricultural products such as grain and honey to address the concerns of farmers across the 27-nation bloc. Farmers angry at red tape and competition from cheap imports […]
India will lower import taxes on certain electric vehicles for companies committing to invest at least $500 million and setting up a local manufacturing facility within three years, a move that could potentially bolster Tesla’s plans to enter the South Asian market. Companies must invest a minimum of $500 million in the country and will […]
Poland’s Prime Minister Donald Tusk has spoken out in favour of a pan-European solution in the debate over a possible ban on grain imports from Russia and Belarus. “I am convinced that a joint European decision will be much more effective than decisions by individual countries,” he told the BNS agency during a visit to […]
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This story was first published on the Benzinga India portal. Tesla Inc (NASDAQ: TSLA) might soon establish its presence in India with the local government reportedly finalizing a policy that would offer Tesla reduced import duties for electric cars priced over INR 3 million (approximately $36,000). This concession, possibly lasting 2-3 years, is set to replace the […]