Modi, Trump may reference ‘mini-deal’ on trade at Houston event

News:Indian Prime Minister and the US President are expected to announce a mini trade deal during Prime Minister’s visit to the US. Facts: About the trade deal: The trade deal may address some of the US concerns on (a)ICT tariffs (b)data localisation rules (c)price caps on medical equipment like knee implants and (d)agricultural market access… Continue reading Modi, Trump may reference ‘mini-deal’ on trade at Houston event

U.S., India keen to wrap up trade deal

News:United States and India are working on ways to resolve long-disputed trade issues to sign a trade deal. Facts: Issues between India and US: Trade imbalance: India’s exports to the U.S. in 2017-18 stood at $47.9 billion while imports were at $26.7 billion.The trade balance is in favour of India. Tariffs: The bilateral tensions have… Continue reading U.S., India keen to wrap up trade deal

G7 Summit: signs of hope as Donald Trump says U.S.-China trade talks are on

The Group of Seven(G7) summit was held in Biarritz,France.During the summit,US President has said the US and China will be resuming trade talks shortly. The US and China are negotiating a trade deal that would end the trade war between both the countries that has been escalating since last year. Trade war is a situation… Continue reading G7 Summit: signs of hope as Donald Trump says U.S.-China trade talks are on

‘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’

China hits back,imposes tariff hike on U.S. goods worth $60 bn

China has decided to impose tariffs on $60bn of US goods extending a bilateral trade war.This move comes after the US had more than doubled the tariffs on $200bn of Chinese imports. The United States and China were discussing a trade deal to end the trade war.However,the latest round of US-Chinese trade negotiations has ended… Continue reading China hits back,imposes tariff hike on U.S. goods worth $60 bn

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