US Comfortable With Canada Trade Standoff as Import Bans Loom 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
China’s ‘Lipstick King’ Says AI Won’t Replace Livestream Hosts 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Add as a preferred source on Google
In a continuation of the toughened stance against trade practices, even after the Mid-term outcome, the U.S. Commerce Department has initiated investigations on imports certain Chinese and Indian goods. Yesterday, the Commerce Department announced that it is looking into imports of polyester textured yarn from China &India, as a petition was filed by a group of companies; Unifi Manufacturing, Inc. and Nan Ya Plastics Corp. America.
According to the petition, the companies are complaining that exporters from China and India are dumping the product at a margin ranging from 74.98 to 77.15 percent and 35.14 to 202.93 percent, respectively.
The petition also alleges the existence of 20 subsidy programs in China and 43 subsidy programs in India such as tax incentives, the provision of low-priced inputs, grants, and loan subsidies benefiting the exporters.
Under President Trump, the U.S. Commerce Department has significantly stepped up its investigations into foreign malpractices in trade and the number of investigations initiated is 245 percent more than the previous administration.
