The tariffs that US President Donald Trump imposed on Chinese goods present a significant opportunity for India, if it does internal reforms to capture a share of what China loses in exports.
China has announced retaliatory tariffs on US goods in response to Washington's latest trade measures. Beijing will impose a 15 per cent tariff on imports of coal and liquefied natural gas (LNG) from the US, following the American government's decision to impose 10 per cent tariffs on Chi
After the US government announced a 10 per cent tariff on all Chinese goods exported to America, China on Tuesday imposed additional tariffs on various US goods, including a 15 per cent tariff on coal and liquefied natural gas, and a 10 per cent tariff on crude oil starting from February
Trade restrictions planned by the incoming US President Donald Trump could lead to aggressive exports by China to other Asian markets, including India, according to a report by Crisil.
As Donald Trump is designated to be the President of the United States of America, Indian Economist Suriya Narayan on Thursday morning said that his win would be beneficial for India when it comes to export (trade). Trump's overtaking in the US elections provides India with a huge potential
This statement came after the Chinese Ministry of Commerce's announcement that it was considering potential countermeasures due to Taiwan's failure to eliminate trade barriers affecting Chinese goods, Focus Taiwan reported.
A "tsunami" of cheap Chinese imports to the Thai market is impacting local businesses, causing them to lose market share due to the price competitiveness of Chinese goods, potentially leading to factory closures and economic strain within the Thai manufacturing sector.
Praveen Khandelwal, Secretary General, Confederation of All India Traders (CAIT) on Friday said that for this year's Holi festival, traders and consumers have boycotted goods made in China, adding that only those products that are manufactured in China are being sold in abundance.
After the United States, China has the second-largest economy in the world, and its exports have now plummeted three months in a row, while imports have fallen five months in a row. The figures are a reflection of weakening domestic and foreign demand for Chinese goods, a real estate crisis,
Chinese products, which comprise the largest share of low-cost Asian imports in the US, are expected to drop below 50 per cent for the first time in over ten years, reflecting a significant decline in US imports from China.
The index, which mainly covers larger businesses and state-owned companies, was at its lowest level since December, CNN Business reported. Beijing scrapped most of its pandemic restrictions early that month, effectively ending its three-year-long zero-Covid policy.
Despite increase in imports from China year on year, traders of Nepal seem to be unhappy with China opening borders at a time when the demand for goods is slow with no large orders for the Chinese goods because of high domestic bank interest rates and inflation in Nepal, The Kathmandu Post r