Congressman John Moolenaar, who chairs the House Select Committee on China, released a statement endorsing President Trump's declaration of new tariffs aimed at Chinese imports, based on a report from the Select Committee on the CCP (SCCCP).
The Indian stock markets are showing resilience as compared to Asian peers. However, it opens in negative on Friday, the second day following the announcement of new tariffs by U.S. President Donald Trump.
The Trump administration is preparing to impose sweeping new tariffs on imports worth trillions, with an April 2 deadline dubbed "Liberation Day." The move, aimed at forcing companies to manufacture in the US, has sparked economic concerns and market volatility.
China's finance ministry announced 15 per cent tariffs on imports of chicken, wheat, corn and cotton from the United States, as well as 10 per cent tariffs on imports of "sorghum, soybeans, pork, beef, aquatic products, fruits, vegetables, and dairy products," Chinese state media said.
Indian stock markets witnessed a continued selling spree on Tuesday as both benchmark indices opened in the red, reacting to global concerns over slowing economic growth in the US and the impact of new tariffs imposed by US President Donald Trump.
The new tariffs, set to take effect on February 10, provide a short window for potential negotiations between the two countries says a report by S&P Global Market Intelligence.
Asian stock markets faced heavy selling pressure on Monday opening session after US President Donald Trump announced new tariffs on multiple countries.
Washington D.C. [US], May 1 (ANI): The US could impose new tariffs on China as a retaliatory measure over the coronavirus outbreak which has infected more than 3 million people worldwide, US President Donald Trump said on Thursday (local time).
Washington DC [USA], Dec 3 (Sputnik/ANI): The United States on Monday said that it will consider imposing new tariffs on products from the European Union (EU) after a World Trade Organisation (WTO) investigation confirmed that EU aid to Airbus has hurt the American aircraft industry.