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US to impose 93.5% anti-dumping duty on China battery material

US to impose 93.5% anti-dumping duty on China battery material

The Sun13 hours ago
WASHINGTON: The United States has announced preliminary anti-dumping duties of 93.5 percent on imports of graphite, a crucial battery component, from China. The decision follows an investigation prompted by a petition from the American Active Anode Material Producers, a coalition of US graphite manufacturers.
The US Commerce Department stated that final determinations on the duties will be made by early December. Graphite is a vital raw material for battery anodes, with China dominating global processing capacity. The move could escalate tensions in the electric vehicle supply chain, increasing costs for automakers reliant on Chinese graphite.
The investigation covers active anode material, whether imported as standalone products or within finished batteries. This latest trade action follows earlier US measures targeting solar imports from Southeast Asia.
Since President Donald Trump resumed office in January, his administration has imposed multiple tariffs, including 50 percent duties on steel and aluminum imports, alongside additional levies on automobiles. - AFP
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Mexican truck drivers study English to comply with new US language rules
Mexican truck drivers study English to comply with new US language rules

The Star

timean hour ago

  • The Star

Mexican truck drivers study English to comply with new US language rules

Mexican truck drivers attend an English class as part of an effort to comply with a recent executive order by U.S. President Donald Trump requiring commercial drivers to meet English proficiency standards, at the Fletes Sotelo company facilities in Ciudad Juarez, Mexico July 16, 2025. REUTERS/Jose Luis Gonzalez TPX IMAGES OF THE DAY CIUDAD JUAREZ, Mexico (Reuters) -Mexican truck drivers in the border city of Ciudad Juarez have begun studying English in efforts to comply with an executive order by President Donald Trump requiring commercial drivers in the U.S. to meet English-proficiency standards. Some 50 drivers who haul goods back and forth between Ciudad Juarez and El Paso, just across the border in Texas, are attending four to eight hours of English classes a week organized by their employer, Fletes Sotelo, in order to meet the U.S. standards. The company's owner, Manuel Sotelo, said the classes started some six weeks ago, and that the goal is for all the company's drivers to know basic English. Sotelo is also the president of the transport association of Ciudad Juarez. Jose Murguia, one of the drivers, said he thought the classes were a great opportunity, especially given the recent executive order. "It's important to know the language, at least in the ways that are necessary for our work, which is to transport goods into El Paso," he said. While the English-proficiency standard for truckers was already longstanding U.S. law, Trump's executive order in April reversed 2016 guidance that inspectors not place commercial drivers out of service if their only violation was lack of English. The order came on the heels of Trump's March executive order mandating English as the official language of the United States. That executive order has been criticized as discriminatory since millions of Americans speak languages other than, or in addition to, English. (Reporting by Jose Luis Gonzalez in Ciudad Juarez; Writing by Laura Gottesdiener; Editing by William Mallard)

Emerging Markets - Forex steady, stocks set for weekly gains on global trade optimism
Emerging Markets - Forex steady, stocks set for weekly gains on global trade optimism

The Star

timean hour ago

  • The Star

Emerging Markets - Forex steady, stocks set for weekly gains on global trade optimism

HANOI (Reuters): Most emerging market currencies were steady on Friday while equities advanced, as optimism over some economic improvement in the US and positive corporate earnings outweighed investor concerns over tariffs. MSCI's global emerging markets stock index was up 0.7% on the day and looked set to close the week with gains. Heavyweight Asian stocks gained, with those in Taiwan up over 1% to a more than four-month high. TSMC , the world's largest contract chipmaker, gained more than 2% after posting a record quarterly profit on Thursday. US markets surged to new all-time highs overnight after key economic indicators, including retail sales and jobless claims, exceeded expectations, setting a positive tone for EM stocks. Regional bourses advanced, with those in Hungary and Romania up 0.4% each. Polish stocks jumped 2.4%, on track for their biggest weekly rise since late April. On the trade front, Thailand said it had made more proposals to the U.S. during talks, raising hopes among investors that deals can be reached before U.S. President Donald Trump's new August 1 deadline for imposing tariffs. Markets were briefly rattled this week by a report that Trump was going to fire Federal Reserve Chair Jerome Powell soon, with the dollar index taking a hit, although it recovered losses after Trump denied the claims. After gains on Thursday, the dollar index was down 0.2% on Friday, lifting most EM currencies. "The dollar had got to a point where it was much more expensive than usual and that trend changed this year," said Paul Jackson, global head of asset allocation research at Invesco EMEA. "It probably will remain weak for at least the next year and probably beyond that, partly because it's expensive and partly because of the policies being put in place by the U.S. administration." South Africa's rand climbed 0.9%, while its stocks jumped 1.1%. The country was set to wrap up the two-day meeting of finance chiefs from the Group of 20. Russia's rouble was 0.4% higher against the dollar, over-the-counter market data showed. The European Union reached an agreement on an 18th sanctions package against the country in another blow to its oil and energy industry. Turkey's lira was 0.3% lower, while its stocks fell 0.2%. Emerging European currencies were largely flat against a higher euro. MSCI's emerging markets currency gauge was little changed on the day, but was on track for its second consecutive weekly decline - its first back-to-back weekly loss since early April. Meanwhile, Moody's is set to review its ratings on the Czech Republic, while Romania awaits minutes from its central bank's latest meeting. - Reuters

Malaysia Needs More Original Technology, Innovation, Not Just More Products -- Tengku Zafrul
Malaysia Needs More Original Technology, Innovation, Not Just More Products -- Tengku Zafrul

Barnama

timean hour ago

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Malaysia Needs More Original Technology, Innovation, Not Just More Products -- Tengku Zafrul

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