Pressure from Trump could motivate Beijing to strengthen the kinds of support for the economy seen last year -- interest rate cuts, easing local government debt pressure and expanding subsidy programs for household goods.
Iraq streamlines imports, focuses on strengthening domestic industries
In a move to fortify the local market, Iraq's Ministerial Council of Economy has taken decisive steps, including the removal of four items from import lists and a 4% tariff reduction on live animals for slaughter. The council also emphasized strengthening the domestic pharmaceutical industry and boosting Iraq's tourism sector.
