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The Supply Chain Resilience Initiative (SCRI) is a trilateral agreement that was launched following a videoconference between trade ministers of India, Japan and Australia on 27 April 2021 during the COVID-19 pandemic. [1] Vulnerabilities in the global supply chain were revealed as a piece to the puzzle in light of reliance on China. For this ...
Freedom pineapples (Chinese: 自由鳳梨; pinyin: Zìyóu fènglí) was a political and social response in 2021 to a Chinese ban on the import of pineapples from Taiwan.It encouraged domestic and international consumption to replace the loss of the mainland Chinese market, which had formerly imported 97% of all Taiwanese pineapple exports. [1]
China determined in July 2017 and announced on 16 August 2017 [13] that it would stop the import of 24 kinds of solid waste from foreign countries. Solid wastes including plastics, paper products, and textiles, etc. The new policy was implemented on 1 January 2018, and banned the imports of those wastes. [14]
The 25 percent tariff on South Korean trucks will be extended until 2041, adding twenty years to the current 2021 target phase out date. No South Korean auto manufacturer exports trucks to the United States. The United States exempted South Korea from its steel tariffs but imposed an import quota of about 2.68 million tons.
Country or region Imports (millions of $) . Year United States 3,375,948 2022 European Union [n 1] 2,743,745 [3]: 2022 China 2,706,601 2022 Germany 1,571,057 2022 Japan ...
Under article 6, importers must make a "CBAM declaration" with the quantity of goods, embedded emissions, and certificates for payment of the carbon import tax. Annex I sets out the goods that attract the import tax, including cement, electricity, fertilisers (such as nitric acid, ammonia, potassium), iron and steel (including tanks, drums ...
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Tariffs have historically served a key role in the trade policy of the United States.Their purpose was to generate revenue for the federal government and to allow for import substitution industrialization (industrialization of a nation by replacing imports with domestic production) by acting as a protective barrier around infant industries. [1]