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US-China trade war to hurt global growth: EIU
Sat, Apr 21, 2018
According to the Economist Intelligence Unit (EIU) report, while global trade will be overshadowed by the ongoing dispute between China and the US, appetite for new free-trade deals will continue in the rest of the world including those involving India. "Our assumption that protectionism will rise, but that a trade war will be averted, means that global trade growth will continue to slow in 2019-22, to an average of 3.5 per cent a year," the EIU report said
US Vice President Pence says NAFTA deal possible in several weeks
Sun, Apr 15, 2018
Mike Pence told reporters its was possible that a deal would be reached in the next several weeks
Big setback for India; US adds India to currency watch list with China
Sat, Apr 14, 2018
US Treasury said the "monitoring list" includes those "major trading partners that merit close attention to their currency practices." In addition to India, the semi-annual report to Congress names five countries that continue on the list from October: China, Germany, Japan, Korea and Switzerland. Countries remain on the list for two report cycles "to help ensure that any improvement in performance versus the criteria is durable and is not due to temporary factors"
Gold hits one-week high on dollar weakness, geopolitical tensions
Wed, Apr 11, 2018
Russia and the United States tangled on Tuesday at the United Nations over the use of chemical weapons in Syria as Washington and its allies considered whether to strike at President Bashar al-Assad`s forces over a suspected poison gas attack last weekend.
Donald Trump says he sees an end to the escalating trade dispute with China
Sun, Apr 08, 2018
Donald Trump said in a tweet. "Taxes will become reciprocal & deal will be made on Intellectual Property. Great future for both countries!" He added that he and Chinas President Xi Jinping "will always be friends, no matter what happens with our dispute on trade." US stocks plunged more than two per cent Friday after Trump warned of tariffs on an additional USD 100 billion of Chinese imports, provoking a strong response from Beijing and fanning fears of a full-blown trade war
US stocks plummet 550 pts amidst fear of trade war; White House says no going back on China
Sat, Apr 07, 2018
This, despite the fact that the Dow plummeted 550 points yesterday amidst reports of a growing tension between the two largest economies of the world. US President Donald Trump yesterday ramped up his trade war rhetoric with China, seeking USD 100 billion in additional tariffs on Chinese products. This is in addition to the proposed 25 per cent import tariffs worth USD 50 billion on some 1,300 Chinese products being imported into the US
Trade deficit with India decreased in 2017; concerned over trade barriers: USA
Thu, Apr 05, 2018
"The US goods trade deficit with India was USD 22.9 billion in 2017, a 5.9 per cent decrease (USD 1.4 billion) over 2016," said the National Trade Estimate 2018 released by the USTR. India is one of the few countries with which US' trade deficit has decreased in the last one year.
US-China trade war: Winners and losers from trade tit-for-tat
Thu, Apr 05, 2018
The trade tension brewing between the world`s two largest economies hit global markets, with shares of industrial companies with exposure to Chinese markets, such as Boeing Co and Deere & Co, among the hardest hit.
Facebook's major focus elections in India, US, Pakistan: Mark Zuckerberg
Thu, Apr 05, 2018
Several Indian states like Karnataka, Madhya Pradesh, Rajasthan and Chhattisgarh are scheduled to go for polls this year and the general elections are due in a little over a year from now. A day earlier, Mark Zuckerberg said Facebook had taken big steps by taking down Russia's Internet Research Agency (IRA) pages that were targeting the US.
US H1B visa: Indian IT companies dramatically cut filing, says US daily
Tue, Apr 03, 2018
San Francisco Chronicle's editorial board has said applicants for the H1B visa programme are anticipating the hardest process in many years. "That's affected both the applicants and the companies that employ them," it said. "Indian consulting firms, which have been accused of flooding the system with applications, have dramatically reduced their filings. Foreign nationals are exhibiting new reluctance to make the jump to a US company," the paper said as the process for filing H-1B visa application for the 2019 fiscal beginning October 1, kicked off
How China can help India take a giant leap in Artificial Intelligence
Mon, Apr 02, 2018
Measured by start-up financing deals and dollars from venture capitalists, the United States` AI start-up ecosystem currently dominates -- followed by China, says a recent Accenture analysis titled "Rewire for Growth". When it comes to India, the number of AI start-ups has increased since 2011 at a compounded annual growth rate of 86 per cent .
US-China Trade War: From pork to fruit, Beijing slaps tariffs on 128 US products
Mon, Apr 02, 2018
China`s tit-for-tat move comes after US President Donald Trump announced to impose trade charges of up to $60 billion on Chinese imports on March 22 and did not revoke them despite Beijing`s stern warning. The Customs Tariff Commission of the State Council has decided to impose a tariff of 15 per cent on 120 items of products imported from the US including fruits and related products, and a tariff of 25 per cent on eight items of imports including pork and related products from the country, according to a statement posted on the ministry website
Not afraid of trade war but this is not our objective:US
Mon, Mar 26, 2018
Last week, Donald Trump initiated a series of actions against unfair trade practices of China, including taking steps to impose additional tariffs on a number of Chinese items amounting to USD 60 billion. The US has trade deficit of USD 500 billion per annum. China has said it would retaliate
China says ready to defend its interests in US trade spat
Sat, Mar 24, 2018
The call between Mnuchin and Liu, a confidante of President Xi Jinping, was the highest-level contact between the two governments since U.S. President Donald Trump announced plans for tariffs on up to $60 billion of Chinese goods on Thursday. The escalating tension sent shivers through financial markets as investors foresaw dire consequences for the global economy if trade barriers start going up
US drags China to WTO on discriminatory technology licensing requirements
Fri, Mar 23, 2018
The United States today dragged China to the World Trade Organisation, accusing it of unfair technology practices that run counter to the WTO rules. The US Trade Representative, Robert Lighthizer, filed a request for consultations with China at the WTO to address Beijing's discriminatory technology licensing requirements.
China vs US: After Donald Trump picks up trade weapons, Dragon sends fiery message
Fri, Mar 23, 2018
Alarm over Trump`s protectionist leanings mounted earlier this month after he imposed hefty import tariffs on steel and aluminium under Section 232 of the 1962 U.S. Trade Expansion Act, which allows safeguards based on "national security".
From Wall Street to weed: How the financial crisis lit up the pot industry
Tue, Mar 20, 2018
Companies in the U.S. marijuana market posted revenues of approximately $6 billion in 2017, a 500 percent increase from the roughly $1 billion in 2011, according to estimates from Marijuana Business Daily, a trade publication.
Indian techies targeted in US: Anti H-1B posters plastered across San Francisco metro stations
Tue, Mar 20, 2018
The Progressives for Immigration Reform which has bought advertisements worth USD 80,000 for the San Francisco's Bay Area Rapid Transit (BART) stations and trains, argues that their purpose is to create awareness about the misuse and abuse of the US H-1B visa. The campaign started on March 15, and would last till April 1 and receiving "amazingly positive" response from the users of BART, Kevin Lynn, director of the Washington Dc-based Progressive for Information Reform told PTI
India cannot retaliate in global trade war: Assocham
Sun, Mar 18, 2018
Assocham said said as far as India is concerned, even if we want to retaliate we cannot do it without pain since our imports are of essential nature. So, the best course would be to keep engaged with the major trading partners, without aligning ourselves too much into a single bloc, it said. The industry lobby suggested that in cases where exports are affected, India must engage bilaterally and use the channel of the World Trade Organisation
US fumes the most against India over this prickly point making
Sat, Mar 17, 2018
The comment from White House came, days after President Donald Trump publicly raised the issue of high import duty by India on motorcycles at least three times in a month and threatened a reciprocal duty on Indian imports. Insisting that the Trump Administration has been clear for a free, fair and reciprocal trade, a White House official said that there has been concerns raised about the trade deficit with India