China’s export controls on three metals important across the defence and chip sectors are keeping shipments at historically low levels despite high prices worldwide as Beijing flexes its control over the minerals supply chain. China is the world’s largest producer of antimony, germanium and gallium, which have niche but vital roles in clean energy, chipmaking … Read more
China vowed to use its big market to help companies cope with “external shocks”-a sign officials are eager to ensure exporters navigate the trade conflict with the US. “The domestic market offers strong backing for enterprises involved in foreign trade,” the Commerce Ministry said in a statement on Friday, citing a meeting in Beijing attended … Read more
Chinese manufacturers who supply high-end products to global luxury brands like Birkin and Louis Vuitton are now selling similar items directly to consumers online at a fraction of the original prices. Viral videos on social media show these suppliers offering the same goods—minus the branding—at nearly one-tenth the market price. Luxury products at factory rates … Read more
Foreign investors have pulled out Rs 31,575 crore from the country’s equity markets so far this month, in the wake of turbulence emanating from sweeping tariffs imposed by the US on most nations, including India. This came following a net investment of Rs 30,927 crore in the six trading sessions from March 21 to March … Read more
President Donald Trump didn’t seem to mind as his worldwide tariffs set off stock market sell-offs and wiped out trillions of dollars in wealth. “Be cool,” he told Americans. Then he blinked Wednesday afternoon in the face of financial turmoil — particularly, a rapid rise in government bond yields that could shake the dominant position … Read more
A dizzying escalation of tariffs has unraveled a trade relationship between the United States and China forged over decades, jeopardizing the fate of two superpowers and threatening to drag down the world economy. The brinkmanship displayed by the two countries has already far exceeded the battles they waged during President Donald Trump‘s first term. In … Read more
In a major development, US President Donald Trump announced on April 9 a 90-day ‘pause’ on reciprocal tariffs for all but China. “Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately. … Read more
The global economy appeared to be in open rebellion against President Donald Trump‘s tariffs as they took effect Wednesday. Business executives are warning of a potential recession caused by his policies, some of the top US trading partners are retaliating with their own import taxes and the stock market is quivering after days of decline. … Read more
Luxembourg: The European Union said on Monday it would start collecting retaliatory duties on some imported US goods next week, as EU trade ministers agreed they preferred negotiations to remove tariffs imposed by President Donald Trump over retaliation. The 27-nation bloc faces 25% import tariffs on steel and aluminium and cars and “reciprocal” tariffs of … Read more
President Donald Trump‘s reciprocal tariffs and retaliatory moves the EU and China have plunged the world into an internecine trade war, sending tremors through markets as well as worrying businesses, consumers and governments. Trump dubbed April 2, the day he announced the reciprocal tariffs as “Liberation Day”, promising short-term pain but long-term gain for the … Read more