Economic Tensions News - Latest Updates & Headlines
US tariff hikes no longer make economic sense: China
Beijing, April 17: A Chinese foreign ministry spokesperson said on Thursday that the United States' 245 per cent tariff on certain products from China no longer makes economic sense.
China now faces up to 245% tariffs from US: White House
Washington DC, April 16: China's retaliatory actions have resulted in up to a 245 per cent tariff on imports to the United States, according to a fact sheet released by the White House. Prior to the latest revision, a 145 per cent tariff was being levied on Chinese exports to the United States.
US dollar falls for 5th straight day amid tariff tensions
New Delhi, April 14: The US dollar fell 0.7 per cent on Monday -- marking its fifth day of decline in a row. It pushed the DXY index, which measures the dollar’s strength against a group of major currencies, to its lowest level in three years.
Goldman Sachs cuts China stock market targets again amid US trade tensions
Mumbai, April 14: Goldman Sachs has once again lowered its targets for major Chinese stock indexes, citing growing trade tensions between the US and China.
China reaches out to EU, ASEAN members against US' reciprocal tariffs
Beijing, April 10: With US President Donald Trump going all out in his trade war on China by imposing 125 per cent tariff on import of Chinese goods, Beijing has reached out to the European Union (EU) and ASEAN countries to forge an united front and force the US to backtrack.
Yuan sinks to 19-month low as China loosens currency grip
Shanghai, April 10: China's currency slumped to its lowest level against the US dollar in over a year and a half on Tuesday, after the central bank set a weaker-than-expected reference rate amid intensifying trade tensions with Washington, Nikkei Asia reported.
China decries US tariffs, calls them unilateral bullying practice, says it will fight till the end
Beijing, April 8: China decried the US tariffs imposed on the country to be "groundless" and called them a unilateral bullying practice, a spokesperson for China's Ministry of Commerce said on Tuesday (local time).
Trump threatens additional 50 pc tariffs on China amid escalating trade tensions
Washington, DC, April 7: US President Donald Trump on Sunday warned of new and significantly higher tariffs on Chinese goods if Beijing does not withdraw a recent 34 per cent retaliatory tariff hike, threatening to end all ongoing talks with China.
Japan's PM speaks with US President by phone over tariffs
Tokyo, April 7: Japanese Prime Minister Shigeru Ishiba spoke with US President Donald Trump on the telephone on Monday night to discuss new US tariffs, local media reported.
US Commerce Secy Lutnick evades India tariff question post Trump's announcement
Washington DC, April 3: US Commerce Secretary Howard Lutnick avoided a question on tariffs on India.
Trump's steel, aluminium tariffs go into effect; EU, Canada hit back
Washington, March 12: US President Donald Trump's tariffs on steel and aluminium imports from anywhere in the world went into effect on Wednesday morning drawing swift retaliatory levies from the European Union and Canada.
US stock markets decline as Trump announces retaliatory tariffs on Canadian steel and aluminum
Washington, DC, March 11: The U.S. stock markets continued to decline on Tuesday after President Donald Trump announced additional tariffs on steel and aluminum imports from Canada.
Chinese economy much weaker now to withstand tariffs: Moody's
New Delhi, February 3: China's economy is in a much weaker position "this time around" and it will be "substantially harder" for it to withstand a barrage of the US tariffs, Moody's Analytics said.