Us Tariffs
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Rupee tumbles 67 paise against dollar in early trade; currency under pressure after tit-for-tat US-China tariff attacks
•The rupee had appreciated by 38 paise to close at a two-week high of 71.42 against the US dollar on Friday
Maersk warns trade war could hurt container business; expects escalating Sino-US dispute could limit growth
•Maersk, the world’s largest container shipping company, said it still expects global container traffic to grow by 1 percent to 3 percent this year
Dow suffers worst day of 2019 as recession fears hit US, European stocks; poor Chinese, German data signal more trouble ahead
•The Dow suffered its worst day of 2019, finishing with a loss of some 800 points, or 3.% at 24,479.42
US-China trade dispute: Donald Trump says tariffs on Chinese goods may stay for 'substantial period'
•The eight-month trade war between the world’s two largest economies has raised costs, roiled financial markets, shrunk US farm exports and disrupted manufacturing supply chains
Donald Trump delays tariff hike on Chinese goods as trade talks progress; may meet Xi Jinping to seal pact
•In a tweet, he said progress had been made in divisive areas including intellectual property protection, technology transfers, agriculture, services and currency.
Tesla starts delivering Model 3 cars in China ahead of schedule to push sales
•The initial deliveries will go to customers who placed their orders before the end of 2018.
Donald Trump says China is having 'hard time' since US levied 10 percent tariffs on Chinese products in September
•China has been hurt over the past months and is having a "hard time" due to strong steps taken by the US against it over trade, US president Donald Trump has claimed.
India and China need to strengthen cooperation to fight US' trade protectionism, says Chinese embassy
•India and China need to strengthen cooperation to fight trade protectionism in the wake of the unilateral approach being adopted by the US on trade-related disputes, the Chinese Embassy said Wednesday.
Donald Trump says India demanding trade deal to avoid US' tariffs on Indian products despite America's 'tough stance' on issue
•US President Donald Trump on Saturday said that India wants to have a trade deal with the US because it does not want him to impose tariffs on their products.
After US plans steeper tariffs on Chinese goods, Congress approves defence spending bill targeting China
Fp Staff •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)