Chinese economy tumbling because of US taxes retorts President trump

Chinese economy tumbling because of US taxes retorts President trump

Beijing/Washington: President Trump retorted that the Chinese economy plunged because of the taxes imposed by the United States. It was revealed, on Monday, that the Chinese economic growth has declined to 6.2% for the second quarter of 2019. This is the lowest for the last 27 years. The trade war, between the United States and […]

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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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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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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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