Addressing reporters on Air Force One on Wednesday, Trump claimed that he achieved a "great trade deal" with China during his first presidency in 2020. Chinese Foreign Ministry said that "trade wars and tariff wars produce no winners" and harm the interests of people in all countries.
Uncertainties surrounding rate cuts and the escalation of tariff wars will influence the sentiments in the near term and prolong the information technology (IT) sector recovery, said a report by Mirae Asset Sharekhan.
Potential effects of the tariffs proposed by the Donald Trump administration are overwhelmingly negative, said a report published by a team of S&P Global Ratings' economics team.
Earlier today, the Customs Tariff Commission of the State Council said that starting from February 10 an additional 15-per cent tariff will be imposed on imported coal and liquefied natural gas originating from the United States
The report highlighted that this tariff war could lead to slower growth and potential trade tensions. It noted that these tariffs may cause a notable decline in the real GDP of the US, especially if trading partners retaliate.
Since China's President Xi Jinping secured his third term of power at the 20th Party Congress, he is seeking to dominate Asia and reduce the US influence in the region.
New Delhi [India], September 29 (ANI): The sudden buzz on social media about Reliance Jio offering 'cashbacks' to its customers for recharges has caused an uproar in the market fearing a fresh tariff war in the telecom industry causing both Bharti Airtel and Vodafone Idea share prices to fal
Washington D.C. [USA], May 13 (ANI): The US businesses will also suffer from a recent tariff hike on Chinese goods, a top economic adviser at the White House has admitted.
Mumbai (Maharashtra) [India], May 10 (ANI): Equity benchmark indices fell for the eighth consecutive session on Friday with the Nifty settling below 11,300 level after the United States escalated a trade tariff war with China.
New Delhi [India], Mar. 25 (ANI): Apex trade association ASSOCHAM on Sunday said that if the tariff war between the United States and China escalates into a full-scale global trade war, it would have a collateral damage for the Indian economy as well.