US-China Trade war gives India Chance to Contain its Trade Deficit Going Forward

NEW DELHI: The ongoing trade war between the US and China that has witnessed Beijing slapping higher duties on American goods in tit-for-tat action has opened up a window of opportunity for India that has long struggled to contain a widening trade deficit with its giant neighbour. But gains are contingent on getting market access
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Despite efforts some weeks ago to reach agreement, the U.S.-Chinese trade war has intensified. Both sides have announced new tariffs on each other’s products. Beijing has called Donald Trump a “bully,” while the president has accused China of interfering with this county’s elections and, seemingly in an effort to outflank Beijing, has pressed trade deals
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China is being forced to retaliate against the United States in their trade dispute, and U.S. exporters including suppliers of liquefied natural gas would “certainly” be hurt, said Chinese vice commerce minister Wang Shouwen. But Beijing’s retaliation would provide opportunities to other LNG-exporting countries, Wang said at a press conference on Tuesday, adding that Australia
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Chinese steel and iron ore futures dropped to one-week lows on Tuesday as investors cut positions after returning from a holiday weekend with the United States and China locked in an intensifying trade war. Washington and Beijing imposed fresh tariffs on each other’s goods on Monday as the world’s biggest economies showed no signs of
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America’s ports are fearful that they will be big losers as the escalating trade fight between Washington and Beijing bites into business. The anxiety is that tit-for-tat tariffs between the two economic superpowers will crimp shipments, denting port revenues. Mr Kurt Nagle, head of the American Association of Port Authorities, called the state of play
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While the ongoing trade war between two of the world’s biggest economies, the US and China, has sent alarm bells ringing as far as global growth is concerned, India can end up as a major beneficiary if it plays its cards right. As per a study, India can capture the Chinese commodity market if vacated
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The U.S. economy will expand at a robust pace in coming quarters but slow to 2 percent by the end of 2019, according to forecasters polled by Reuters who unanimously said the escalating trade war with China was bad economic policy. In a sign the trade war is not likely to end any time soon,
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China’s steel demand will remain firm despite the country’s escalating trade war with the United States, and any efforts by Washington to “sabotage” the Chinese economy will not succeed, the head of China’s steel association said. “The U.S. wants Chinese demand to go down but the U.S. doesn’t have the ability to command the Chinese
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The trade war Donald Trump is waging with China is shifting to a new phase as each new volley of tariffs pushes the world’s two biggest economies toward decoupling. Trump unleashed the latest tariffs barrage Monday, provoking a response from China and leaving prospects for a solution to the dispute more distant than ever. As
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When U.S. President Donald Trump fired the first salvos in his trade war with China, the market for hauling bulk commodities that power the Asian country’s economy responded with a surprising surge. Now shipowners are losing their swagger. Rates to haul iron ore and coal on 1,000-foot Capesize ships plunged by 39 percent since reaching
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