US will not withdraw taxes imposed on Chinese goods: US Trade Representative

US will not withdraw taxes imposed on Chinese goods: US Trade Representative

Washington: US Trade Representative claimed that the taxes imposed on the Chinese goods during former US President Donald Trump’s tenure would not be withdrawn. US Trade Representative Katherine Tai said that withdrawal of China’s taxes could negatively affect the US economy. While indications of a softer stand regarding China are being received from the Biden […]

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US to increase 10% tax on Chinese goods worth $200 billion

US to increase 10% tax on Chinese goods worth $200 billion

Washington: US President, Donald Trump has threatened to tax Chinese imports worth $200 billion. US trade representative, Robert Leitheiser gave this information and indicated that the taxes will be implemented from September. The implementation of the taxes imposed on Chinese goods worth $34 billion has already started and in the next few days, the recovery […]

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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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Chinese Economy continues to decline – banking sector may take a hit of $350 bn due to Real Estate Crisis

Chinese Economy continues to decline – banking sector may take a hit of $350 bn due to Real Estate Crisis

Beijing: China, the world’s second-largest economy, is still in recession. Last month, it was revealed that China’s economic growth rate had dropped to 0.4%. After that, there are indications that the crisis in China’s ‘Real Estate’ sector is taking a more serious form. International financial institutions have predicted a 30% drop in China’s housing and […]

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Govt changes trade rules in public procurement to restrict Chinese companies, to ban more Chinese apps

Govt changes trade rules in public procurement to restrict Chinese companies, to ban more Chinese apps

New Delhi: The Indian government delivered another blow to China, by changing the tendering norms, to keep Chinese companies away from bidding for these tenders. As per reports, the government is also making preparations to deliver another blow, by banning more Chinese apps. At the same time, a renowned company like Apple has decided to […]

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CAIT announces list of 500 banned Chinese items

CAIT announces list of 500 banned Chinese items

New Delhi: – ‘Confederation of All India Traders’ the apex body of associations of small traders and 40,000 small-bog traders, has decided to intensify the campaign against Chinese products. CAIT has declared a list of 500 Chinese items that can be banned and has set the target of reducing ₹1 trillion worth of imports from […]

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