China imposes taxes on US goods worth USD 60 billion; global markets including the United States crash

China imposes taxes on US goods worth USD 60 billion; global markets including the United States crash

Beijing/Washington: China has fuelled the trade war further by imposing taxes on US goods worth $60 billion. Coming close on the heels of the Chinese announcement, global stock market dipped, and it’s currency Yuan hit a four-month low. Reacting ferociously to Chinese taxes, President Donald Trump ranted that he would not let the United States […]

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US will declare a trade war against the European Union over the issue of tax on Harley-Davidson, threatens President Trump

US will declare a trade war against the European Union over the issue of tax on Harley-Davidson, threatens President Trump

Washington/Brussels: Claiming that the Harley Davidson company is suffering major losses because of the taxes imposed on its motorcycles,by the European Union, President Trump threatened to initiate a trade war against the Union, in retaliation. Only two weeks ago, President Trump had warned of imposing taxes worth billions of dollars, against the European Union. This […]

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China failed to provide impetus to the slowing economy; claims financial institution JP Morgan

China failed to provide impetus to the slowing economy; claims financial institution JP Morgan

Beijing: Leading financial institution JP Morgan has alleged that China, the second largest economy of the world to have slowed down and all the efforts of the Chinese government to provide an impetus have failed. Over the last month, all the indices evaluating the Chinese economic progress have shown negative results. This negative picture of […]

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26 super-rich have more wealth than 50% of the worlds poor population; Oxfam claims this horrible disparity is nurturing discontent

26 super-rich have more wealth than 50% of the worlds poor population; Oxfam claims this horrible disparity is nurturing discontent

Washington: International voluntary organisation Oxfam claimed, ‘While four billion people of the world are lurking in the ditch of poverty, two billionaires are being added to the world every day. This situation,deteriorating day by day, becomes an indication of the increasing disparity in the international economy. This is nurturing frustration, anger and discontent in the […]

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Trade war escalates as Trump announces 10% tax on Chinese imports of $ 200 billion, China warns of retaliation

Trade war escalates as Trump announces 10% tax on Chinese imports of $ 200 billion, China warns of retaliation

Washington/Beijing: As China has still not acceded to the United States’ urge for fair and reciprocal treatment in trade, US President Donald Trump announced imposition of 10% tax on Chinese imports worth $ 200 billion. At the same time, President Trump has warned that if China retaliated against this tax, another $ 267 billion worth […]

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All of China’s $500 billion imports to be taxed, threatens US President Donald Trump

All of China’s $500 billion imports to be taxed, threatens US President Donald Trump

Washington: US President Donald Trump indicated imposition of taxes on all of the imports from China saying, ‘My actions are not merely political. The action against China is meant to guard the United States’ interests. It has taken advantage of the United States in bilateral trade since the past several years. Therefore, I am willing […]

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India sends a positive message to China by reducing import taxes on Chinese goods

India sends a positive message to China by reducing import taxes on Chinese goods

New Delhi:  India has substantially reduced import tariffs on 3142 goods imported from China and four other Asian Countries. Only last week, China had reduced import tariffs on 8549 goods imported from Asian countries including India. These included agricultural produce, medical items and chemicals imported from India. China had expressed an expectation that India should […]

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