"I import product from the EU. I have never seen or handled equine product, my company only deals in beef and pork, " he said.

BBC: Martin McAdam

U.S. economic data due for release Wednesday includes the weekly MBA mortgage applications survey, import and export prices, gross domestic product, and the weekly DOE energy stocks report.

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Until recently India did not allow the import of Coca-Cola--a manufactured product, yes, but no less an emblem of commercial culture.

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And when US firms that imagine a product, then package, market and sell it, can import cheaper inputs, that improves profit margins, adding to shareholder value.

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