India has reported a whopping jump in oil imports from Iran in October in face of US sanctions that officials in Washington earlier said were meant to bring the Islamic Republic’s crucial sales of oil to zero.
President Donald Trump's tariffs on another $200 billion of Chinese imports took effect Monday, with Beijing accusing Washington of "economic intimidation" as the standoff between the world's top two economies clouds the global outlook.
China's export growth weakened slightly in August to 9.8 percent from a year earlier, suggesting China's massive foreign trade sector is losing some momentum as Washington readies more sweeping measures in the two countries' ongoing trade war.
As Iran is preparing for the first wave of returning US sanctions that could largely hamper its foreign trade, the country’s banks appear to have already created a mechanism for imports of essential goods from Russia.
The head of Iran National Carpet Center (INCC) said it will file a lawsuit with international tribunals against fresh sanctions imposed by the US on the imports of handwoven Iranian rugs into the country.
China will soon announce a list of retaliatory tariffs on United States exports to China to counter an expected announcement from the United States of proposed new tariffs on Chinese imports, the Global Times said Wednesday.