China to lower import tariffs on some products from 1 January; Beijing looks to boost foreign goods buy amid slowing economy
Next year, China will implement temporary import tariffs, which are lower than the most-favored-nation tariffs, on more than 850 products, the finance ministry said on Monday.
India is preparing to impose higher tariffs on some U.S. goods including almonds, walnuts and apples next week after a delay of about a year, two sources said, following Washington’s withdrawal of key trade privileges for New Delhi
Govt to impose Rs 12,000 levy on purchase of new petrol, diesel cars in a bid to promote use of electric vehicles
With an aim to boost production of electric vehicles (EVs) in the country, the ministry has also suggested defining semi knocked down and completely knocked down kits used for assembling EVs for streamlining of customs duty.
In a meeting between US President Donald Trump and his Chinese counterpart Xi Jinping on the sidelines of the annual G-20 Summit in Argentina, Trump agreed to postpone for 90 days a scheduled increase in tariffs on $200 billion in Chinese imports, while Xi agreed to purchase a very substantial amount of US products so as to reduce the $375 billion trade deficit between the two countries.
US, China to hold delayed diplomatic, security dialogue in Washington on Friday amid moves to resolve trade war
China said last month the two sides had initially agreed “in principle” to hold the second round of diplomatic security talks in October but they were postponed at Washington’s request amid rising tensions over trade, Taiwan and the South China Sea.
The promise to further lower import tariffs came as China and the United States remained locked in a bitter trade dispute
US-China trade war: Donald Trump orders new tariffs on additional $200 billion worth of Chinese imports
US President Donald Trump on Monday announced imposing new tariffs on an additional $200 billion worth of imports from China, escalating the trade war with the Asian giant.
The Fed’s decision left its benchmark overnight lending rate in a range of 1.75 percent to 2.00 percent.
After US plans steeper tariffs on Chinese goods, Congress approves defence spending bill targeting China
The US Congress has passed the $716 billion defence spending bill which has provisions that bar China from participating in the Rim of the Pacific Exercise (RIMPAC)
As three 'foreign' economic advisers leave, questions loom on inward-looking policies, protectionism
the economy was in a mess because of “foreign-trained” professors with little field experience.
U.S. carmaker Tesla Inc has hiked prices on its Model X and S cars by about 20 percent in China, becoming the first automaker to raise prices in the world’s largest automotive market in response to a U.S.-China trade war
India on Thursday indicated that it may withdraw the notification imposing additional duties on 29 US products, to be effective from 4 August, if both the sides are able to sort out the differences over tariffs
Harley-Davidson to shift some of its production overseas to avoid EU tariffs; President Donald Trump 'surprised'
Trump, who has been taking up the case of tariffs on Harley-Davidson by India, which in part is responsible for the current trade tension between the two countries, said he is surprised by such a decision by the motorcycle manufacturer.
G7 and SCO summits: Retrenching US amid China's expanding hegemony in trade points to new world order
That the US hegemony is now facing stiff competition from China was stark at the G7 and SCO summits.