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Countries may also import raw materials or commodities that are not available within their borders. For example, many countries import oil because they cannot produce it domestically or cannot ...
For example, the import price index of 106.8 for consumer goods in October 2017 means that there was a 6.8% increase in import prices since 2000. Similarly, a 39.2 index reading for computers in ...
China will cut the import duty on passenger cars to 15 percent, further opening up a market that’s been a chief target of the U.S. in its trade fight with the world’s second-largest economy.