WASHINGTON (Reuters) - The Trump administration raised the stakes in its trade war with China on Tuesday, saying it would slap 10 percent tariffs on an extra $200 billion worth of Chinese imports.
ALOR STAR: The government will continue the Rubber City Project in Padang Terap to further develop the rubber industry as well as to help improve the living standards of the locals.
Natural rubber (NR) production has contracted by 16 per cent in the first two months (April-May) of 2018-19, raising concern among tyre makers.
TOKYO (Reuters) - Asian stocks retreated and perceived safe havens such as the yen and U.S. Treasuries rose on Wednesday after the United States said it would impose tariffs on an extra 200 billion worth of Chinese imports, sharply escalating the trade war between the world’s two biggest economies.
NEW YORK (Reuters) - Oil prices gained on Monday, with U.S. crude ending a choppy session higher on expectations for a Canadian production outage lasting until September, while global benchmark Brent gained on looming sanctions on Iran and falling output in Libya.
Rubber and plastics processing machinery falls under President Trump's additional 25 percent tariffs spanning $34 billion worth of goods from China that began July 6, but officials of injection press importers say not to expect an immediate price jump, since they have machines in stock at U.S. facilities.