The US administration’s new tariff threats against Mexico and India show that the US has a tendency to expand its range of trade frictions with other countries. This has undoubtedly created further impact on the global capital market.
The economic tariffs on rice exports to the EU were mainly at the behest of Italian rice producers who could not compete with imported rice. As seen in trade wars, we are likely to see more of this sort of action – certainly among the major trading blocks.
Despite European Union-imposed tariff on rice exports, drought, and other challenges, Cambodia’s agricultural sector is expected to see growth in the coming years.
The existing tariff on exports by companies in China to the US appears to be a permanent feature
China and the United States are expected to come to an agreement soon over trade frictions, analysts said, as the negotiating teams are reported to be discussing the wording of an accord and considering applying the brakes to their tariff standoff.
Shortly after the EU rice tariff imposition, rice farmers have to face climate risks and rising debt
EBA status allows the world’s poorest countries to sell any goods tariff-free to EU nations, except weapons. About 48 countries are EBA beneficiaries including Myanmar, Lao PDR, Bangladesh, Nepal, and Timor-Leste.