U.S.-China trade war may reduce global growth rate

According to Fitch Ratings,the ongoing U.S.-China trade war escalation could reduce the World GDP growth by 0.4% points till 2020 and possibly lead to the lowest growth since 2009. Trade war is a situation where countries restrict each other’s trade by imposing tariffs or quotas on imports.The United States and China are discussing a trade… Continue reading U.S.-China trade war may reduce global growth rate

India can boost exports of 300 products to US, China amid trade war: Report

According to a study by the Commerce Ministry,the ongoing trade war between the US & China offers an opportunity to India for boosting exports of as many as 350 products. Both the US and China are imposing heavy import duties on each other’s products which has triggered a trade war. Trade war is a situation… Continue reading India can boost exports of 300 products to US, China amid trade war: Report

‘China getting decimated by tariff war’

The US President has said that the US threat to impose tariffs on Mexico has forced the country to agree to stronger immigration enforcement.He has predicted the same strategy will be successful with China. The US President had slapped tariffs on products from key trading partners China,Canada,Mexico and the European Union in order to push… Continue reading ‘China getting decimated by tariff war’

U.S. Ambassador to China makes rare Tibet visit

US envoy to China is on a visit to the Tibet autonomous region.This is the first visit to the region by a U.S. ambassador since 2015 amid escalating trade tension between China and the US. China tightly restricts access to Tibet by foreigners, especially journalists and diplomats. In response to that lack of access,the U.S… Continue reading U.S. Ambassador to China makes rare Tibet visit

Trump could meet Xi on sidelines of G20 meet in June: aide

US President and China’s leader could possibly meet on the sidelines of the G20 summit to talk out their differences on trade.The G20 summit is scheduled to take place in Osaka,Japan on June 28-29,2019. Recently,US and Chinese negotiators ended their 11th round of talks after failing to reach an agreement to end the trade war… Continue reading Trump could meet Xi on sidelines of G20 meet in June: aide

Trump orders tariff hike on remaining Chinese imports

United States President has decided to raise tariffs on almost all imports from China which are valued at approximately $300 billion. This is in addition to the Chinese imports worth $200 billion on which US had increased the import duty from 10% to 25%. The United States and China are currently discussing a trade deal.The… Continue reading Trump orders tariff hike on remaining Chinese imports

Won’t capitulate to U.S. pressure on trade:China

United States has raised tariffs on $200 billion of Chinese goods to 25% because trade talks are moving too slowly. Tariffs are taxes paid by importers on foreign goods so the 25% tariff will be paid by US companies who bring Chinese goods into the country. These tariffs were raised as U.S and Chinese officials… Continue reading Won’t capitulate to U.S. pressure on trade:China

U.S. to hike tariffs on $200 bn of Chinese goods

United States has announced that it would raise tariffs on $200 billion of Chinese goods to 25% because trade talks are moving too slowly. The United States and China are currently discussing a trade deal.The deal would end the trade war between both the countries that has been escalating since last year. Trade war is… Continue reading U.S. to hike tariffs on $200 bn of Chinese goods

China’s GDP grows at 6.4% in Q1,defies expectations slowdown

China’s economy grew at a steady rate of 6.4% in the first quarter.The improvement in growth is due to (a)industrial production jumped sharply and (b)consumer demand showed signs of improvement. China has also enhanced its fiscal stimulus to shore up growth by  announcing billions of dollars in additional tax cuts and infrastructure spending. However,the economic… Continue reading China’s GDP grows at 6.4% in Q1,defies expectations slowdown