Wednesday 22 January 2020
 
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Tariffs

Higher US tariffs on steel imports from Turkey take effect

The additional US tariffs on steel imports from Turkey announced on August 10 will take effect today (August 13), said a report. US President Donald Trump had earlier announced doubling of the already substantial Section 232 steel

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US tariffs on steel, aluminium imports from China to stay

China will remain subject to the US tariffs on steel and aluminium imports, despite the White House announcing this week that the US would hold off on implementing a series of tariffs against the country, said a report. The steel

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US may impose steel, aluminium tariffs

The US Commerce Department has recommended that President Donald Trump impose steep curbs on steel and aluminium imports from China and other countries, reports said. The agency found that "the quantities and circumstances of

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EU rejects punitive tariffs on Iran steel exports

Iran’s steel exports to Europe is now safe from punitive measures after EU governments rejected proposals to impose trade tariffs on imports from the country, said a report. The European Commission, which sets out trade poli

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Oman studying 7-8pc cut in electricity subsidies

Oman's cabinet is considering changing electricity tariffs to save the government money which it spends on subsidies, a senior official said on Wednesday.   Qais al-Zakwani, executive director of the Authorit

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WTO in $1.3 trillion deal to cut IT products import tariffs

The World Trade Organization finalised a list of 201 information technology products to be freed from import tariffs in a $1.3 trillion deal on Friday, but said it was still short of the critical mass of countries needed to put it into force.

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Saudi Electric posts record Q3 net profit

Saudi Electricity posted a better-than-expected 34 percent rise in its net profit during the typically-positive and hot third quarter after an increase in electricity tariffs and a surge in power demand. The Gulf's largest utility by m

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Saudi Electric eyes $853m boost from higher tariffs

Saudi Electricity will raise tariffs for government, commercial and industrial users as of July 1, which would add SR3.2 billion ($853.3 million) to its annual revenues and boost its profitability. This is the latest gesture from the gover

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