US President Donald Trump on Monday hinted at imposing 200% tariffs on China if the country did not supply rare earth magnets, essential to the automotive, electronics and defense industries, to America. US President Donald Trump and China’s President Xi Jinping.(REUTERS) While he heaped praise on China for “intelligently” taking control of the monopoly of…
New Delhi: China now faces tariffs of 245 per cent on import of goods into the United States “as a result of its retaliatory actions”, the White House said Tuesday afternoon (India time) as the trade war between the two countries appears to run further and further off road. The announcement came as President Donald…
If the United States and China – the world’s two largest economies – are heading into a major slowdown, the impact on India will be far more severe than anything the current tariff war might bring, Swaminathan Aiyar, , economist and consulting editor at ET Now, has warned. “If there is going to be a…
SHANGHAI – Hong Kong and Chinese stocks dived on Monday as markets around the world crumbled in the face of a widening global trade war and fears it will unleash a deep recession. Hong Kong’s Hang Seng index slumped more than 10% in morning trade which, if sustained, would make for the benchmark’s largest daily…
China’s 10% additional tariff on vehicles with larger engines imported from the US took effect Monday as the two countries failed to reach a deal over the Trump administration’s blanket levy on Chinese goods. The extra tariff went into effect on Monday against goods including vehicles with engines larger than 2.5 liters, according to Chinese…