China Moves Forward with Tariffs on USD 60 Bn of US Goods

China has added tariffs on USD 60 billion of imported US products as a counter-attack to the latest levies related to USD 200 billion worth of Chinese goods announced by the Trump Administration on September 17. Citing China’s Finance Ministry, Reuters said that Beijing will impose taxes on a total of 5,207 US products, ranging from liquefied
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China will not stoop to competitive devaluation of its currency, Premier Li Keqiang stressed, hours after China hit back, with a softer punch than the one landed by the United States, in an escalating tariff war between the world’s largest economies. Addressing a World Economic Forum event in the port city of Tianjin on Wednesday,
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NEW DELHI: India recently decided to defer for the third time tit-for-tat retaliatory tariffs against 29 American products worth $235 million that were to come into effect on 18th September to counter the US move to unilaterally raise import duties on Indian steel and aluminium products, said a person with knowledge of the development. The
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The European Union sees little chance of relief from controversial U.S. metal tariffs before mid-2019 while aiming for a narrow trans-Atlantic trade deal to avert any extra American automotive duties, according to one of the bloc’s officials. The European Commission’s current talks with the U.S. to reduce trans-Atlantic market barriers for industrial goods should keep
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With U.S. President Donald Trump gearing up to impose tariffs on $200 billion in Chinese goods and Beijing certain to retaliate against any measures, the world’s two biggest economies are locked in an escalating trade war, with no resolution in sight. The United States is negotiating with Canada this week to try and finalize a
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While the administration of U.S. President Donald Trump is considering slapping another $200 billion in tariffs on Chinese goods, 16 economies in Asia Pacific are racing to conclude a mega trade deal that would become the largest trading bloc in the world. What’s happening in the U.S. “has actually given us the urgency” to press
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BEIJING/WASHINGTON: The United States and China escalated their acrimonious trade war on 23rd August, implementing punitive 25 percent tariffs on $16 billion worth of the other’s goods. The latest round brings to $50 billion the value of imports subjected to tariffs on either side since early July, and more are in the pipeline, adding to
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The U.S. economy will be hit many times harder than the rest of the world by an escalating global trade war, according the Chief Executive Officer of A.P. Moller-Maersk A/S. Mr. Soren Skou, who runs the world’s biggest shipping company from Copenhagen, said the fallout of the current protectionist wave “could easily end up being
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Although there is no off-ramp in sight for the trade war between the U.S. and China, stability and energy security are more important for the Chinese leadership than the need to ‘win’ the trade war with the U.S., according to ESAI Energy’s latest ChinaWatch report. The first version of the $16 billion list of products
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Port Klang Authority (PKA) announced today that the 2nd phase of the increase in Port Klang’s container tariff which was due to be implemented on 1st September 2018, will be deferred to 1st March 2019. The tariff review was approved in 2015 whereby an increase of 30% was to be carried out in two phases.
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