Latest news with #commerce ministry
Bloomberg
21 hours ago
- Business
- Bloomberg
China Imposes Temporary Duties on Canadian Rapeseed After Probe
China has decided to place tariffs on Canadian rapeseed imports following an anti-dumping probe, disrupting crop flows and adding to a trade spat between the two sides. The Asian nation will impose a preliminary levy of 75.8% on cargoes of the Canadian crop, according to a statement from China's commerce ministry. Beijing had started a probe on the commodity about a year ago after Ottawa imposed tariffs on Chinese-made electric vehicles, steel and aluminum.
Reuters
7 days ago
- Business
- Reuters
China extends probe on imported beef in respite for global suppliers
BEIJING, Aug 6 (Reuters) - China has extended for three months an investigation period for beef imports, the commerce ministry said on Wednesday, giving global suppliers a breather from the prospect of trade curbs as domestic industry battles to reduce a supply glut. The inquiry, launched last December, came as slowing demand squeezes the world's largest market for imports and consumption, but does not target a particular country. However, trade measures to reduce imports would hit major suppliers such as Argentina, Australia, Brazil and the United States. The investigation will now run until November 26, the ministry said, citing "the large volume of investigative work and the complexity of the case". It also pledged to ensure a "healthy and stable" global trade environment by communicating with all parties. "It's definitely a relief to beef exporters," said Even Rogers Pay, agriculture analyst at Trivium China. "The extension buys Beijing a few months to see whether the domestic industry can regain profitability without safeguards, and hopefully to make progress on other issues with major beef exporters." Although trade measures such as quota curbs were still not completely off the table, it was more likely something could be worked out quietly rather than being imposed, she added. Authorities have ramped up support for the industry, including financial measures. In July, an agriculture ministry official said beef cattle farming had been "generally profitable" for three consecutive months. China imported a record 2.87 million metric tons of beef in 2024, but imports of 1.3 million metric tons for the first half of 2025 were down 9.5% on the year.
CNA
06-08-2025
- Business
- CNA
Thai July headline CPI falls 0.7% y/y, more than forecast
BANGKOK :Thailand's headline consumer price index dropped 0.7 per cent in July from a year earlier, after the previous month's fall of 0.25 per cent, the commerce ministry said on Wednesday. The figure compared with a forecast fall of 0.40 per cent in a Reuters poll, and was below the central bank's target range of 1 per cent to 3 per cent for inflation. The core CPI, which excludes volatile fresh food and energy prices, rose 0.84 per cent in July from a year earlier, compared with a forecast increase of 0.90 per cent.
LBCI
23-07-2025
- Business
- LBCI
China confirms Vice Premier to attend US trade talks in Stockholm
China confirmed on Wednesday that Vice Premier He Lifeng will attend trade talks with the United States next week in Sweden, following U.S. Treasury Secretary Janet Yellen's announcement of the Stockholm negotiations. "Vice Premier of the State Council He Lifeng will go to Sweden from July 27 to 30 to hold economic and trade talks with the United States," a commerce ministry spokesperson said in a statement, adding the countries will continue negotiating "in the spirit of mutual respect, peaceful coexistence and win-win cooperation." AFP
LBCI
21-07-2025
- Business
- LBCI
Beijing slams 'serious negative impact' of EU sanctions over Russia
Beijing's commerce ministry criticized new sanctions by the European Union on targets, including Chinese entities intended to restrict Russia's military, according to a statement on Monday, which referred to the measures as "mistaken." "The European Union's actions are contrary to the consensus reached by the leaders of China and the European Union and have had a serious negative impact on China-EU economic and trade relations and financial cooperation," a commerce ministry spokesperson said.
