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“These protective policies have been unforeseen developments directly affecting the amount of imports of the product concerned into Turkey,” the WTO document said. “Turkey has been an attractive market for these steel products that are subject to increasing number of protective measures. Therefore, the measures that have been begun to be applied worldwide ..have triggered an increase of imports of the products concerned into Turkey.”. Turkey’s steel quotas are a provisional safeguard measure, permitted under WTO rules if a country wants to shield a particular industry at risk from a sudden, unforeseen and damaging surge in imports.

It is expected to compensate trade partners who lose out by lowering trade barriers in other areas, The quota for flat products was set at 3.1 million tonnes, less than half the 8.4 million tonnes university of iowa hawkeyes cufflinks and cushion money clip that Turkey imported in 2017, the filing said, For long products, the quota was 558,534 tonnes, compared to 2017 imports of 1.3 million tonnes, The quotas for pipes and tubes was set at 273,901 tonnes, for stainless steel at 139,934 tonnes, and for railway material at 27,044 tonnes, all less than half the 2017 import volume..

NEW YORK (Reuters) - The steep decline in emerging market stocks since early this year are attracting some U.S. fund managers who think they may find long-term bargains amid the sell-off. Portfolio managers from Harding Loevner, Federated Investors, and Wells Fargo are among those who have been adding emerging markets stocks to their portfolios in the face of the imposition of import tariffs by President Trump and rising interest rates in the U.S. Emerging market asset prices have been hit hard this year. The MSCI index of emerging market stocks .MSCIEF closed Friday at its lowest since May 2017 and it is down about 21 percent from January’s high. An MSCI index of emerging market currencies .MIEM00000CUS is down 8 percent from its 2018 high, hit in March.

On Thursday, JPMorgan cut its rating on Chinese equities, the largest weight on the benchmark index, to neutral from overweight on expectations that a protracted trade war with the United States will hurt the Asian giant’s economy next year, Yet some U.S, international and global fund managers say that emerging markets offer better deals than the U.S, market, where stocks continue to hit record highs, university of iowa hawkeyes cufflinks and cushion money clip “We’re finding opportunities because of the trade war,” said Chris Mack, a portfolio manager of the Harding Loevner Global Equity fund..

U.S. President Donald Trump has slapped tariffs on more than half of the $500 billion the U.S. imports from China yearly, for which Beijing has retaliated. Investor concern about the impact of the trade war has sent stocks in China and other emerging markets sharply lower this year. Mack’s fund has its highest weighting in emerging market stocks since 2006 and its lowest in the U.S. since the same year in search of better values, he said. The fund sold its position in Google’s parent Alphabet Inc (GOOGL.O) and bought South Korea’s Samsung Electronics (005930.KS). Investors pay more than $25 for every $1 in earnings expected over the next 12 months at Alphabet, while they pay just over $6 at Samsung according to forward price-to-earnings estimates.

“You’re getting the benefits of a company that is being boosted by a secular trend at a much cheaper price,” Mack said, (Graphic: U.S, vs Emerging Markets stock valuations - reut.rs/2NqqUOr), Brian Jacobsen, senior investment strategist at Wells Fargo Asset Management, said his firm recently upgraded its stance on emerging markets from negative to neutral, The reasoning behind the move included compelling valuations and the university of iowa hawkeyes cufflinks and cushion money clip likelihood the trade tariffs will not hurt emerging market companies as much as the broad market expects..

“People are slow to come around to the realization that the U.S. isn’t going to close its borders to all emerging markets,” he said, adding that Vietnamese companies could stand to benefit if the U.S. and China continue to slap tariffs on each other’s goods. Overall, U.S. global funds have nearly 7 percent of their portfolios in emerging market stocks, a 25 percent increase from 3 years ago, according to Lipper, a Refinitiv company. Yet this year the $58.1 billion Vanguard FTSE Emerging Markets ETF (VWO) is down almost 15 percent and posted about $2 billion in outflows since July, according to Lipper. It closed on Friday at its lowest since March 2017.

However, there are signs the tide could already be turning, Investors pumped money into emerging market equities and debt at the fastest weekly rate since April, a Bank of America Merrill Lynch analysis of EPFR data showed on Friday, “I’ve never seen sentiment (on emerging market equities) be so negative university of iowa hawkeyes cufflinks and cushion money clip when fundamentals are actually pretty good,” said Teresa Barger, co-founder and CEO at hedge fund Cartica Management, “When you get a situation like this, what you usually see is the retail investors getting scared and exiting but institutional investors entering.”..

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