Global Markets: China raises tariff on U.S. ethanol imports

By Commodity News Service Canada
WINNIPEG, April 3, 2018 (CNS) – The following is a glance at the
news moving markets in Canada and globally.
China has slapped an extra 15 per cent tariff on ethanol
imports from the U.S. – the previous tariff was 30 per cent.
Announced late Sunday, the tariff took effect Monday. The tariff
will neutralize cost savings from importing cheaper U.S. ethanol
versus domestic supply. The tariff is part of China’s response
to the U.S. aluminum and steel tariffs.

U.S. President Donald Trump’s administration will unveil a
list of advanced technology transfer policies, a move expected
to intensify trade tensions between the world’s two largest
economies. Is expected there will be tariffs levied by the U.S.
on US$50 to US$60 billion worth of annual imports from products
benefiting from Beijing’s “Made in China 2025” industrial
development program, but it may be more than two months before
the tariffs take effect.
Music streaming service Spotify is making its debut on the
New York Stock Exchange Tuesday in the exchange’s first-ever
direct floor listing. Spotify has taken an unconventional
approach to its public listing without having hired investment
banks as underwriters and undertaking an investor road show as
is typical in a traditional initial public offering. If it is
successful other highly valued tech firms are expected to pursue
a listing in this way in the future.

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