India delays levying retaliatory tariff on U.S. goods to June 16

Indian government has decided to extend the deadline to impose retaliatory import tariffs on 29 US products till June 16,2019. These deadlines were extended several times since June 2018 when India decided to impose these duties in retaliation to a move by the US to impose high customs duties on certain steel and aluminium products.… Continue reading India delays levying retaliatory tariff on U.S. goods to June 16

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