US Department of Commerce increases duties on Chinese battery-grade graphite to 160% related to Novonix (NVX)
The decision by the US Department of Commerce to raise duties on Chinese battery-grade graphite to 160% is a significant escalation in trade tensions that could impact supply chains and pricing in the electric vehicle sector.
Japanese Stock Investment by Foreigners (Feb/07) 543.2B (Prev. 494.6B)
Taiwan President Lai says trade deal with US marks a pivotal moment for Taiwan's economy and industries, adds we secured significant benefits for Taiwan's industries and overall economy, and we solidified the Taiwan-US high-tech strategic partnership
US Department of Commerce increases duties on Chinese battery-grade graphite to 160% related to Novonix (NVX)
Cboe launches nearly 24 hour trading Russell 2000 index options
Japan seizes a Chinese fishing boat off the Nagasaki coast, according to Japanese press
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
This move not only signals a tougher stance on trade with China but may incentivize domestic production, affecting market dynamics for companies like Novonix (NVX) and potentially boosting prices in related commodities. Traders should watch for impacts on both equity markets and the broader commodities landscape as this unfolds.
Related headlines
- China’s Commerce Ministry says it urges the US to immediately correct "erroneous practices" and lift Iran-related sanctions against relevant Chinese companies6 hours ago
- [MARKET ANALYSIS] Asia-Pac stocks took impetus from the rebound on Wall St as yields eased10 hours ago
- Newsquawk US Market Wrap: Stocks bid with yields and oil little changed17 hours ago
- European Market Wrap - 2nd September 202623 hours ago
- PBoC Governor Pan, at the G20, said China will not deliberately pursue a trade surplus and will expand domestic demand while maintaining high-level opening1 day ago
- PRE-MARKET CHINESE STOCKS NEWS: Automaker vehicle sales updates1 day ago
- Canadian Trade Balance (Jul) 0.77B vs. Exp. 3.6B (Prev. 4.20B)1 hour ago
- [MARKET ANALYSIS] European bourses tilt higher, Elliott reportedly pushes DTE GY to scrap TMUS merger; AVGO misses Q4 guidance estimates5 hours ago
- India and China could hold talks on the sidelines of BRICS summit, Indian Trade Minister says 6 hours ago
- India's Trade Minister says final trade agreement between US and India will be published as soon as the US can provide India with tariff advantages 6 hours ago
- PRE-MARKET INDIAN STOCKS NEWS: Oil and Natural Gas Corporation (ONGC IS) international investment arm sent a team to Venezuela to review assets after receiving clearance from the US10 hours ago
- [MARKET ANALYSIS] Dollar is marginally softer with a mixed performance against major peers, while JPY continues its outperforms despite no obvious news catalysts10 hours ago
- Australian Trade Balance (Jul) 1.923B vs. Exp. 1.40B (Prev. 1.929B)12 hours ago
- PRE-MARKET AUSTRALIAN, JAPANESE AND SOUTH KOREAN STOCKS NEWS: Hanwha Ocean (042660 KS) won a KRW 1.55tln order from Taiwan’s Yang Ming Marine Transport to build six LNG dual-fuel container ships13 hours ago
- US President Trump plans a state dinner for Chinese President Xi, according to sources familiar with plans cited by MS Now16 hours ago
- US Commerce Secretary Lutnick says further easing of US export curbs is not on the table and relaxing tech export controls for China is not necessary17 hours ago
- House Republicans pressed USTR Greer on Wednesday on Capitol Hill about the harm a trade war with Canada could do to their local economies, reports Politico citing sources17 hours ago
- Trump's top trade official privately told a group of House Republicans this afternoon that Brazil and Paraguay are best positioned to supply a flood of imported beef under the president's controversial plan ahead of the midterms, reports Politico18 hours ago
- US President Trump says Canada has been ripping us off for decades; Canada takes advantage of airlines.19 hours ago
- US President Trump says he has very productive things to talk about with China President Xi19 hours ago
The whole workspace, free to try.
Try it free