The world’s two largest economies – the United States and China – are in war, are being used as a weapon from both sides with tariffs. While the US has increased the mutual tariff on all Chinese goods from 10 percent on April 1, today it has increased to 104 percent; China has retaliated by … Read more
Washington: US President Donald Trump has signed an executive order sent from 30 to 90 percent on small packages sent from China, which is likely to disrupt the import of popular low -cost products. According to the White House order, Trump raised duty on “import” on “import” from China on “import”, from May 2, with … Read more
China’s Finance Ministry has announced to impose 84 percent tariffs on all American goods starting on Thursday, which is above 34 percent declared earlier. The ministry said that these new allegations would be applicable from 12:01 CST (04:00 BST) on 10 April. The step comes after US President Donald Trump imposed 104 percent tariff on … Read more
Beijing: China and the United States moved towards an all-out trade war on Tuesday after US President Donald Trump implemented a surprisingly implementation to 104 percent of tariffs in all Chinese imports. Closed in a high-day game of brinkmanship, both nations refused to go back down, Beijing “to the end” to fight against America’s aggression. … Read more
Washington: Donald Trump has followed his threat to “additional 50 percent tariff” on China starting on Wednesday. The White House announced that it would make America’s new tariff unprecedented 104 percent on China. President Trump gave China back to Roll to China or to “take” 34 percent of the tariffs imposed on American goods, when … Read more
New Delhi: The stock markets in the Asia-Pacific region become somewhat quiet after Monday’s “Bloodbath” amidst the apprehension about consumer finance deteriorating after a comprehensive tariff by US President Donald Trump. Japan’s Nikkei, South Korean’s Kospi and Australia’s ASX 200 were all opened in Green on Tuesday morning, although he only acquired a fraction of … Read more
Washington: Donald Trump has announced a 50 percent additional tariff on China in less than 48 hours, when Beijing announced a tight-for-tat 34 percent tariff on the United States, which Trump declared as part of his mutual tariff order two days ago. This now takes us to a high level of 84 percent on all … Read more
Stock markets across Asia and Europe crashed, remembering the devastation markets seen in the past. This time, the trigger Trump had trade tariffs, which were declared last week. The US President doubled his stance and said, “Oil prices are down … there is no inflation” as experts have warned of high risk of recession. Mr. … Read more