Trade war makes India a haven for aluminium scrap dumping

India has overtaken China as the preferred destination for aluminium scrap with imports growing 18.8% in the January-March 2019 quarter compared with the same quarter of the previous year. The imports has increased due to a trade war between China and the U.S.Trade war is a situation where countries restrict each other’s trade by imposing… Continue reading Trade war makes India a haven for aluminium scrap dumping

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

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

U.S.-China trade war poses the biggest risk to global stability, says IMF official

The International Monetary Fund(IMF) official has said that trade war between the United States and China poses the greatest risk to global stability.The ongoing trade war has affected the flow of billions of dollars of goods between the two countries. Trade war is a situation where countries restrict each other’s trade by imposing tariffs or… Continue reading U.S.-China trade war poses the biggest risk to global stability, says IMF official

India steps up agro-diplomacy with China

India steps up agro-diplomacy with China News: The article discusses about the new possibilities of enhancing Sino-India trade ties in lieu of trade war between US and China. Important Facts: Background about trade war: 3. Areas of pushing Sino-India trade ties: Agri-products:This area is crucial since China would look first at its food security and… Continue reading India steps up agro-diplomacy with China