OPEC+ plans to accelerate oil production growth and may cancel a voluntary production cut of 2.2 million barrels per day by the end of October. In particular, since June, the countries have agreed to increase oil production by 411 thousand barrels per day. Saudi Arabia, unhappy with the excess of quotas by Iraq and Kazakhstan, initiated measures, refusing to support the market. Riyadh has made it clear that it no longer intends to single-handedly stabilize the market and maintain its pricing policy. Trump said that the United States will have to reduce duties on Chinese imports – without this, the development of trade relations with China will become impossible. He stressed that he does not intend to lift barriers just for the sake of negotiations with Beijing, adding that the current tariffs are causing serious damage to the Chinese economy. Chinese imports of anthracite in March reached an absolute record of 1.9 million tons, of which almost 100% came from Russia. The increase in supplies from Russia may be due to the redirection of Novosibirsk coal from the ports of the south to the ports of the Far East, as well as a reduction in Chinese purchases of anthracite in the United States and Australia due to trade wars. A new front in the trade war has opened between India and Pakistan. Trade escalation is added to the military conflict between the countries. Over the weekend, India imposed bans on the import and transit of goods from Pakistan amid reports of violations of the ceasefire regime at the line of control. It also banned ships flying the Pakistani flag from entering Indian ports. Donald Trump ordered the introduction of 100% duties on foreign films, declaring the crisis of the American film industry due to the «concerted actions of other countries». According to him, foreign countries create incentives to attract directors and studios from the United States, which leads to the decline of Hollywood and other key film centers in the country.
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