EU DUTY DECISION TO SUPPORT DUTY- PAID PREMIUMS

摘要

"Uncertainty always blocks people from doing business." If the commission had gone ahead with the 3-percent duty cut, duty-paid premiums would have fallen and unpaid premiums risen - one trader pegged the drop at 40 dollars and the increase at 20 dollars - but the latest decision means there will be no immediate or retroactive changes to be made, traders said. Market participants dismissed speculation that some traders had already negotiated contracts to include the 3-percent cut and said most had agreed flexible premiums to take into account any possible adjustments. "They're idiots if they have. They deserve to be taken out and shot," a third trader said when asked if he had heard any transactions with the tariff cut.