It can weather fines, but lost trust could mean lost billions. After years of public mistrust, the US government has finally, officially laid out its cases against tech giant Huawei. The Chinese company stands … [Read more...]
Daily International Trade News
The following stories are selected and excerpted on a regular basis from media around the world on international trade issues that affect the United States. To read the full original article, follow the Source link in each story to the original media.
Venezuelan oil stuck at ports, PDVSA struggles to import fuel
(Reuters) - Venezuela's oil inventories have started to build up at the country's ports and terminals as PDVSA is finding it cannot export crude at its usual rate due to U.S. sanctions imposed earlier this … [Read more...]
Trump warns Europeans not to try to evade Iran sanctions
The Trump administration is closely eyeing efforts in Europe to set up an alternative money payment channel to ease doing business with Iran and avoid running afoul of sanctions the US has levied on the Islamic … [Read more...]
Venezuela’s PDVSA orders prepayment for U.S.-bound oil cargoes – sources
(Reuters) - Venezuela’s state-run company oil company, PDVSA, hit by U.S. sanctions on Monday, ordered customers with tankers waiting to load Venezuelan crude bound for the United States to pay for the cargoes … [Read more...]
Iran minister says EU trade arrangement moving slowly, talking to India, China
NEW DELHI (Reuters) - Iran’s foreign minister said on Tuesday the European Union was moving more slower than expected in facilitating non-dollar trade with Tehran to circumvent U.S. sanctions, forcing it to … [Read more...]
Iran Bracing for Economic Contraction As Oil Exports Crumble
Iran’s Parliament Research Center is predicting negative growth for Iran in the current fiscal year that ends March 20 due to its falling exports, Radio Farda reported on Friday. The economic contraction could … [Read more...]
The Finance 202: China sends warning to U.S. Businesses with iPhone ban
A Chinese court's decision to ban the sale of older iPhones raises a nightmarish specter for American companies doing business in the country: … [Read more...]
EU’s top diplomat: EU-Iran trade vehicle could be ready by year-end
BRUSSELS (Reuters) - The European Union’s foreign policy chief said on Monday a system to facilitate non-dollar trade with Iran and circumvent U.S. sanctions could be in place by year’s end. … [Read more...]
British Columbia cancels China trade trip amid retaliation fears
A trade mission to China by the Canadian province of British Columbia has been cancelled because of the detention of a top Huawei executive in Canada. … [Read more...]
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