The world economy to hit for a whopping $600 billion, due to the US-China trade war

The world economy to hit for a whopping $600 billion, due to the US-China trade war

Washington: A report published by Bloomberg, a leading financial institution in the United States revealed that the effects of the trade war between the largest and the second largest economies in the world would not be restricted only to the warring countries and the worldwide effects will become apparent. The financial institution has warned that […]

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The US to impose more taxes on China, a ‘Currency Manipulator’, proposes US Trade department

The US to impose more taxes on China, a ‘Currency Manipulator’, proposes US Trade department

Washington: The United States has been preparing to corner China on the currency issue, after targeting it through the trade war. The US trade department has proposed the imposition of tax on countries controlling the value of their currencies. The list will include countries like India, Australia, Germany, Switzerland, Japan, South Korea, along with China, […]

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In trade war with US, China may use the alternative to curb supply of rare earth minerals, crucial for tech industry

In trade war with US, China may use the alternative to curb supply of rare earth minerals, crucial for tech industry

Beijing: The Chinese regime has initiated moves to jolt the United States, which has delivered shocks to China one after another. Chinese President Xi Jinping visited the rare earth minerals production facility in China. Jinping’s visit is said to be an indication of China stopping the supply of rare earth minerals to the United States. […]

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Chinese companies in the US under pressure due to the US-China trade war; AmCham China report

Chinese companies in the US under pressure due to the US-China trade war; AmCham China report

Beijing/Washington: The American Chamber of Commerce in China has warned that there is an atmosphere of fear, among the US companies in China, because of the import taxes imposed by President Trump and the action taken against Huawei. The American Chamber of Commerce, in its report, has said that the trade of nearly 200 US […]

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United States withdraws special trade status designated to Turkey ; an attempt to build pressure on S400 Missile system issue

United States withdraws special trade status designated to Turkey ; an attempt to build pressure on S400 Missile system issue

Washington/ Ankara: United States is disappointed with Turkey on the issue of the S400 Missile system; as a consequence, it has withdrawn special trade status assigned to Turkey. Considering the trade and economic progress between the United States and Turkey, this privilege has been, and the implementation of the same has been done with immediate […]

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China will have to pay the price for violating the trade agreement; threatens US President Donald Trump

China will have to pay the price for violating the trade agreement; threatens US President Donald Trump

Washington/Beijing: US President Trump threatened to intensify the trade war saying ‘China will have to pay the price as it has violated the trade agreement with the United States.’ A severe reaction has been received from China against the threat issued by Trump and China has said that it was fully equipped to safeguard its […]

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US-China trade war threatens global economy: International Monetary Fund

US-China trade war threatens global economy: International Monetary Fund

Washington: ‘The International Monetary Fund feels that the trade tensions should be resolved to the satisfaction of everyone. It assumes significance against the background of the currently raging US-China trade war, as it has threatened the global economy,’ the IMF chief Christine Lagarde warned. At the same time, she cautioned both, the United States and […]

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China says will not negotiate with the US on trade talks ‘with a gun pointed its head’ after Trump announced new tariffs

China says will not negotiate with the US on trade talks ‘with a gun pointed its head’ after Trump announced new tariffs

Washington: President Trump announced new tariffs on Chinese goods saying that the United States is suffering a loss of $500 billion per year in the trade with China and the United States would not tolerate it henceforth. The blow Trump delivered at a time when the US-China trade negotiations are in the final phases had […]

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