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US trade deficit hits record high as companies scramble to beat Trump’s new tariffs
US imports from China hit their lowest level in years
Egypt is looking to up its Moroccan imports to USD 600 mn
PLUS- Chevron will invest at least USD 120 mn in a new exploration concession
Chinese exporters are looking to third countries to bypass US tariffs
South Korea found USD 21 mn worth of falsely labeled products last month alone
Revamped export subsidy program to double rates across the board
The revamped program will come into effect at the start of the new fiscal year on 1 July
Boosting trade, investment takes center stage at the Egyptian-Moroccan Investment Forum
The forum was held under the theme “A Promising Economic Partnership”
Egypt is working to meet global standards to drive industrial exports
Despite progress, less than 30% of companies in the Federation of Egyptian Industries have received certification
US tariffs will hit its own consumers. Retailers and suppliers are bracing for impact.
Businesses face tough choices as tariff effects squeeze both supply and demand
Farmers are planting less cotton after weak demand last season
Cotton-cultivated areas stood at 21k feddans by mid-April, down 65% y-o-y
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