As India and the United Kingdom successfully conclude their Free Trade Agreement (FTA), it has to be ensured that goods traded between the two nations have sufficient local content to prevent Chinese goods from entering markets through the backdoor, according to a report by Canara Bank.The report highlighted the need for strict measures to confirm…
Putin’s Men Burn Ukraine’s Top Munition Plant; Zelensky ‘Panics, Begs’ For NATO Weapons | Watch Russia has launched devastating strikes on Ukraine’s most critical artillery munitions production facilities—Zvezda and Impulse—in Shostka, Sumy region. The strikes come amid a dramatic slowdown in Russia’s territorial advances, with analysts predicting a possible stall by early summer—coinciding with Trump’s…
US President Donald Trump has tripled tariffs on small parcels exported from mainland China and Hong Kong which were exempt from duties, amid an escalating crossfire between the world’s two biggest economies. According to an amendment on so-called reciprocal tariffs published by the White House on Wednesday Hong Kong time, the new rate on packages…
President Trump stated that the administration is fielding calls with some countries — starting with South Korea. “I just had a great call with the Acting President of South Korea,” Trump posted on social media. “We talked about their tremendous and unsustainable Surplus, Tariffs, Shipbuilding, large scale purchase of U.S. LNG, their joint venture in…
President Trump stated that the administration is fielding calls with some countries — starting with South Korea. “I just had a great call with the Acting President of South Korea,” Trump posted on social media. “We talked about their tremendous and unsustainable Surplus, Tariffs, Shipbuilding, large scale purchase of U.S. LNG, their joint venture in…
The S&P 500 fell over 10% last Thursday and Friday, one of the worst two-day sell-offs we’ve seen in market history. In response, US investors did what they’ve come to do best — buy the dip. Data from Bank of America published Tuesday showed the firm’s clients were net buyers of $8 billion worth of…
Amid the United States President Donald Trump’s imposing an additional 34 percent tariff on China, the latter on Monday accused the US of unilateralism, protectionism, and economic bullying with tariffs, reported Reuters. Speaking to reporters on China’s position, Chinese foreign ministry spokesperson Lin Jian told reporters, “Putting the US first over international rules is a…
The Hong Kong government has strongly opposed the United States’ decision to impose reciprocal tariffs on Hong Kong and cancel a duty-free exemption on small parcels from the city in May, condemning the actions as bullying and unreasonable. A government spokesman said on Thursday that the levy of the so-called reciprocal tariffs on Hong Kong…
By Casey Hall and James Pomfret SHANGHAI (Reuters) – Orders have evaporated for Richard Chen, who manufactures Christmas decorations in southern China for U.S. retailers, including Walmart and Costco, facing crippling U.S. tariffs. “The orders are half of what they were last year,” said Chen, who is based in the manufacturing hub of Dongguan. He…
Home prices in Hong Kong’s secondary property market dropped for a third straight month in February to near the lowest in a decade amid concerns about slower cuts in interest rates and heightened tensions in global trade stoked by extra US tariffs on foreign goods. Lived-in home prices retreated 0.9 per cent in February from…