Trade War
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Not in a hurry on a trade deal with China: Trump
World | Nov 09, 2019, 07:45 AM ISTPresident 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.
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Asian stocks gain after US, China announce truce on tariffs
Business | Oct 14, 2019, 01:07 PM ISTAsian 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.
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US likely to escalate trade war with China if no deal is agreed soon
World | Sep 22, 2019, 04:34 PM ISTThe 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.
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US-China trade war starting to weigh on global economy: IMF
World | Sep 13, 2019, 08:18 AM ISTIMF 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.
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Donald Trump delays increase in Chinese tariff by 15 days
World | Sep 12, 2019, 09:02 AM ISTUS 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.
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China’s trade with US shrinks as tariff war worsens
World | Sep 08, 2019, 12:39 PM ISTImports 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.
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US-China trade war may escalate further: Moody's
World | Sep 04, 2019, 12:01 PM ISTThe 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.
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Trump tariff-hit US firms keen to relocate to India from China
World | Sep 04, 2019, 11:59 AM ISTUS 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.
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China suffering due to trade war with US, wants to have deal: Trump
World | Aug 10, 2019, 06:29 AM ISTUS 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.
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Huawei announces its new 'HarmonyOS' in wake of the US-China trade war
Technology | Aug 09, 2019, 02:46 PM ISTHuawei announces its new operating system called 'HarmonyOS' in a wake of the US-China trade war.
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China blames US' flip-flop as trade talks end without breakthrough
World | Jul 31, 2019, 04:49 PM ISTSince 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.
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China wants joint front with India against US' 'ugly' trade war
World | Jul 20, 2019, 01:24 PM ISTSun, 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.
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India, UK set up 3 new bilateral trade working groups
Business | Jul 15, 2019, 08:59 PM ISTIndia 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.
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Huawei to lay off hundreds of workers in US
Technology | Jul 15, 2019, 10:42 AM ISTHuawei 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.
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Microsoft denies shifting production out of China
Technology | Jul 10, 2019, 01:38 PM ISTMicrosoft has denied reports claiming the shift of production of its Xbox gaming console
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Spike in US-China trade tension to hit global growth rate further: Fitch
World | Jun 26, 2019, 10:17 PM ISTThe 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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Trump's China tariffs to increase cost of Bible, upsets religious groups
World | Jun 26, 2019, 10:43 AM ISTThe US and China have been locked in a bruising trade war since Trump imposed heavy tariffs on imported steel and aluminium items from China in March last year, a move that sparked fears of a global trade war.
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China says both US, China should make compromises in trade talks
World | Jun 24, 2019, 02:17 PM ISTAhead of President Xi Jinping's meeting with his American counterpart Donald Trump this week, China on Monday said that it would not agree to any trade deal with the US at the expense of its sovereignty and both sides should make compromises to break the deadlock over the issue.
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PM Modi, Xi, Putin to discuss Trump's trade war at G20 summit
World | Jun 24, 2019, 11:44 AM IST"Indeed during the Osaka summit, the leaders of China, Russia and India will have a trilateral meeting. The mechanism of China, India, Russia trilateral meeting has maintained a sound momentum of development," Zhang said at a press conference.
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India well placed to deal with global trade crossfire: Goyal
India | Jun 21, 2019, 04:07 PM ISTAt a time when the world is witnessing trade wars across nations, India too will be impacted.