WASHINGTON (Reuters) – The United States confirmed steep import duties on solar products from China and Taiwan on Tuesday in a decision which may inflame trade tensions between the two countries.
Anti-dumping duties for Chinese goods were set as high was 165.04 percent as the U.S. arm of German solar manufacturer SolarWorld AG (SWVKk.DE: Quote, Profile, Research, Stock Buzz) seeks to close a loophole which allowed Chinese producers to sidestep duties imposed in 2012.
WASHINGTON (Reuters) – A push by the White House to woo free trade skeptics on Capitol Hill will help bills through the next Congress, but lawmakers are unlikely to simply wave through legislation that holds the key to deals covering two-thirds of the world economy.
President Barack Obama plans to advocate for a bill allowing the administration to negotiate trade deals and fast-track them through Congress with no amendments.
WASHINGTON (Reuters) – The U.S. Export-Import Bank has mischaracterized potentially hundreds of large companies and units of multinational conglomerates as small businesses, a flaw in its record keeping that could undermine the export lender’s survival strategy.
A Reuters analysis showed companies owned by billionaires such as Warren Buffett and Mexico’s Carlos Slim, as well by Japanese and European conglomerates, were listed as small businesses and Ex-Im acknowledged errors in its data in response to those findings.