Canadian Deputy Prime Minister and Finance Minister Chrystia Freeland said that the country is considering whether to impose import tariffs on Chinese-made electric vehicles and will seek the public's opinion about the idea, Al Jazeerea reported.
Power tariff in Rajasthan will reduce once the state starts receiving 20-22 racks of coal from the mine allocated to Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) in Chhattisgarh, said the Minister of state for energy (independent charge) in Rajasthan Government, Hiralal Nagar.
Deputy Chief Minister DK Shivakumar today defended his decision to invite litterateurs to the Congress party office and said "there was nothing wrong with it".
The new tariff of PKR 5.72 per unit will take effect on July 1. This adjustment is expected to generate an additional PKR 485 billion in revenue for Discos, bolstering the government's position in securing an IMF bailout slated for July.
The move, which Beijing officials have slammed as "protectionist," comes less than a month after Washington quadrupled US tariffs on Chinese electric vehicles to 100 per cent.
Electric vehicle maker Tesla has asked the European Union to subject its cars to a lower tariff than other manufacturers shipping into the bloc from China, Bloomberg reported.
The National Electric Power Regulatory Authority (Nepra) on Saturday announced an increase in electricity tariff by Pakistani Rupees (PKR) 3.25 per unit, putting an additional burden of PKR 34 billion on power consumers, Pakistan-based The Express Tribune reported.
China's Ministry of Finance's announcement will impact 134 items that are made in Taiwan, including base oils for lubricants, racing bicycles and textile products.
Taking the latest cues from the US after it imposed high tariffs on various imports from China, CareEdge Ratings believes that other countries may also follow suit to protect their respective domestic industries.
Moody's Analytics believes China has reasons to exercise restraint in announcing retaliatory tariffs against the US, at a time when the latter has imposed import tariffs on various critical goods from China.
This move escalates tensions with major trading partners, following a series of anti-subsidy and anti-dumping investigations into Chinese products by the European Union, including one initiated recently, and impending tariffs from Washington on Chinese new energy products.
Following the US's move to increase tariffs on imports from China, Chinese officials have fiercely promised to retaliate, stressing that this will seriously affect bilateral cooperation with the US, reported Voice of America (VOA).