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Nike, other U.S. footwear makers plead with Trump to drop China...

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    Nike, other U.S. footwear makers plead with Trump to drop China tariff

    Nearly 200 companies sign letter calling shoe tariff ‘catastrophic’

    The FDRA estimates Trump’s proposed tariffs on China will add $7 billion in extra costs for consumers, on top of the billions Americans pay due to the tariff on footwear imports that was enacted in 1930.

    Those extra duties fall hard on working class Americans and families, it said.

    “Adding a 25 percent tax increase on top of these tariffs would mean some working American families could pay a nearly 100% duty on their shoes.

    This is unfathomable,” the companies said, adding that “it is time to bring this trade war to an end.”

    www.marketwatch.com


    LNG Terminal Wilhelmshaven GmbH (LTW) is due to begin investigating market participants’ interest in its LNG terminal project in Wilhelmshaven in an Open Season process. LTW will continue the initiative started by Uniper, to realise the first LNG import terminal in Germany at the present location.

    In order to take part in this Open Season process, interested parties are being asked to hand in a written expression of interest signed by their management, demonstrating that the party is already active on the market for LNG or intends to do so in the future.

    After having concluded a non-disclosure agreement, LTW will grant access to further details of the project. Afterwards, the participants can conclude a still non-binding Heads of Agreement (HoA) with LTW until the 19 July 2019. The conclusion of binding contracts is currently planned for mid-October 2019.

    Within the next three years, LTW plans to construct an LNG terminal at Germany’s only deepwater port location and start operations. It is designed as a floating storage and regasification unit (FSRU), a technology which can be realised most economically and quickly. The nominal send-out capacity of LNG will be up to 10 billion m3 per year.

    The Wilhelmshaven location offers ideal conditions from both marine and logistics perspective. Connecting it to the natural gas transmission grid only requires a roughly 30 km pipeline to be built in mainly agricultural setting. LNG tankers will be able to access the facility independently of tides, in accordance with highest international security standards.

    Alongside regasification and injection into the transmission grid, the FSRU shall offer the possibility for loading LNG onto bunker barges or tank trucks for road transport. By doing so, the Wilhelmshaven terminal can indirectly contribute to emissions reduction in shipping and heavy-duty transport by making LNG locally available.

    www.lngindustry.com
 
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