• US drops 'currency manipulator' designation for China

    US drops 'currency manipulator' designation for China. Here's what it means

    World | January 14, 2020 7:12 IST

    The Trump administration is dropping its designation of China as a currency manipulator in advance of the signing Wednesday of a Phase 1 U.S.-China trade agreement. The preliminary pact that the two sides are set to sign this week includes a section that’s intended to prevent China from manipulating its currency to gain trade advantages.

  • US Senators proposes bill to clamp down on World Bank lending to China

    US Senators propose bill to clamp down on World Bank lending to China

    World | December 12, 2019 12:08 IST

    Three Republican Senators have tabled legislation in the United States Senate to prevent World bank from lending to China on projects that would be used against religious and ethnic minorities.

  • China announces tariff rollback for US soy, pork

    China announces tariff rollback for US soy, pork

    World | December 06, 2019 15:53 IST

    China on Friday said it was withdrawing tariffs on soybeans and pork imported from the US amid talks to conclude the first phase of a deal to de-escalate an ongoing trade war between the two largest economies.

  • Rupee skids 19 paise amid renewed global trade tiff concerns

    Rupee skids 19 paise amid renewed global trade tiff concerns

    Business | November 11, 2019 18:18 IST

    Investors also played their bets cautiously in view of India's rating outlook cut by Moody's Investors Services last week. Opening marginally lower, the Indian currency dropped to a low of 71.54 to the US dollar before settling at 71.47, showing a fall of 19 paise

  • Not in a hurry on a trade deal with China: Trump

    Not in a hurry on a trade deal with China: Trump

    World | November 09, 2019 7:45 IST

    President Donald Trump on Friday ruled out a complete roll back of US tariffs on the import of Chinese products, saying he was not in a hurry on a trade deal with Beijing, days after announcing that he was considering signing the first phase of the long-awaited agreement with that country.

  • Asian stock markets have risen after Washington and Beijing announced a truce on tariff hikes

    Asian stocks gain after US, China announce truce on tariffs

    Business | October 14, 2019 13:07 IST

    Asian stock markets have risen after Washington and Beijing announced a truce on tariff hikes in a trade war. Benchmarks in Shanghai, Hong Kong and Seoul advanced. Japanese markets were closed for a holiday.

  • US likely to escalate trade war with China if no deal is agreed soon: Trump's advisor

    US likely to escalate trade war with China if no deal is agreed soon

    World | September 22, 2019 16:34 IST

    The world's two largest economies have been locked in a bruising trade war since Trump in March last year imposed tariff hikes of up to 25 per cent on USD 250 billion of Chinese goods.

  • US-China trade war starting to weigh on global economy: IMF

    US-China trade war starting to weigh on global economy: IMF

    World | September 13, 2019 8:18 IST

    IMF spokesman Gerry Rice recalled at a news conference at the organization's headquarters in Washington on Thursday that it had previously characterized the trade tensions as a threat, Efe news reported.  

  • Donald Trump delays increase in Chinese tariff by 15 days

    Donald Trump delays increase in Chinese tariff by 15 days

    World | September 12, 2019 9:02 IST

    US President Donald Trump has announced to delay his proposed in a massive increase in Chinese import tariffs by 15 days. Describing this as a goodwill gesture, Trump said on Wednesday night that he had moved the increased tariffs on USD 250 billion worth of goods October 1 to October 15.

  • China’s trade with US shrinks as tariff war worsens

    China’s trade with US shrinks as tariff war worsens

    World | September 08, 2019 12:39 IST

    Imports of U.S. goods fell 22% in August from a year earlier to $10.3 billion following Chinese tariff hikes and orders to companies to cancel orders, customs data showed Sunday.

  • Global rating firm, Moody's

    US-China trade war may escalate further: Moody's

    World | September 04, 2019 12:01 IST

    The ongoing US-China trade war is headed for further escalation, global rating firm Moody's said on Wednesday. "Of the three plausible scenarios for US-China trade tensions, the risk of a 'hardened stance' scenario has increased," Moody's said in a note and added that any further deterioration in tensions could serve as potential catalyst for a severe downturn.  

  • Trump tariff-hit US firms keen to relocate to India from

    Trump tariff-hit US firms keen to relocate to India from China

    World | September 04, 2019 11:59 IST

    US President Donald Trump's trade war with China, the problems with protecting intellectual property and restrictions on doing business have prompted many US companies to look for other places to move or expand operations.

  • China suffering due to trade war with US, wants to have

    China suffering due to trade war with US, wants to have deal: Trump

    World | August 10, 2019 6:29 IST

    US President Donald Trump on Saturday said China wants to settle trade issues with America as it is experiencing the "worst year" in decades but reiterated that he was not ready for a deal. The US has imposed 25 per cent additional import tariffs on more than USD 250 billion worth of Chinese products. An additional 10 per cent import duties on remaining nearly USD 300 billion worth of Chinese products is all set to come into effect on September 1.

  • Huawei announces its new 'HarmonyOS' in wake of the US-China trade war

    Huawei announces its new 'HarmonyOS' in wake of the US-China trade war

    Technology | August 09, 2019 14:46 IST

    Huawei announces its new operating system called 'HarmonyOS' in a wake of the US-China trade war.

  • China on Wednesday blamed US' flip-flop attitude and lack of sincerity in reaching a trade deal as t

    China blames US' flip-flop as trade talks end without breakthrough

    World | July 31, 2019 16:49 IST

    Since the commencement of trade war last year China and US have so far hit each other with punitive tariffs covering more than USD 360 billion in two-way trade. Trump kicked off the trade war demanding China to reduce massive trade deficit which last year climbed to over USD 539 billion. He is also insisting on China to workout verifiable measures for protection of intellectual property rights (IPR) technology transfer and more access to American goods to Chinese markets.

  • US-China trade war

    China wants joint front with India against US' 'ugly' trade war

    World | July 20, 2019 13:24 IST

    Sun, who is headed to New Delhi on Saturday to take charge of his office, spoke to the Indian media in Beijing on a range of issues ranging from border dispute to trade deficit and US' trade war to the forthcoming informal summit between President Xi Jinping and Indian Prime Minister Narendra Modi.   

  • India, UK set up 3 new bilateral trade working groups

    India, UK set up 3 new bilateral trade working groups

    Business | July 15, 2019 20:59 IST

    India and the UK have agreed to set up three new bilateral working groups to tackle barriers to trade in specific sectors of food and drink, healthcare and data services as part of the Joint Economic and Trade Committee (JETCO) meeting in London on Monday.

  • Huawei to lay off hundreds of workers in US

    Huawei to lay off hundreds of workers in US

    Technology | July 15, 2019 10:42 IST

    Huawei is planning to lay off workers at a research facility called Futurewei Technologies that employs 850 people in research labs including in Texas, California and Washington state.

  • Microsoft denies shifting production out of China

    Microsoft denies shifting production out of China

    Technology | July 10, 2019 13:38 IST

    Microsoft has denied reports claiming the shift of production of its Xbox gaming console 

  • Donald Trump

    Spike in US-China trade tension to hit global growth rate further: Fitch

    World | June 26, 2019 22:17 IST

    The world will grow at a rate slowest in 10 years if the upcoming US-China trade talks fail and the US imposes 25 per cent tariffs on the remaining $300 billion of imports from China

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