Trump Tariffs On Chinese Imports

Beijing called Trump's new tariff plan 'a typical example of double standards', warning of countermeasures as fresh restrictions on rare earth exports deepen trade tensions before the Xi-Trump summit

South Korea's new President Lee Jae Myung will travel to Washington later this month to meet with US President Donald Trump, Lee's office said Tuesday, for talks on trade and defence cooperation in the face of nuclear-armed North Korea and other threats. Their August 25 summit will follow a July trade deal in which Washington agreed to cut its reciprocal tariff on South Korea to 15 per cent from the initially proposed 25 per cent and to apply the same reduced rate to South Korean cars, the country's top export to the United States. South Korea also agreed to purchase USD 100 billion in US energy and invest USD 350 billion in the country, and the leaders could use their meeting to discuss expanding cooperation in key industries such as semiconductors, batteries and shipbuilding, Lee's spokesperson Kang Yu-jung said. The meeting also comes amid concerns in Seoul that the Trump administration could shake up the decades-old alliance by demanding higher payments for the US troop presence

Chinese smartphone exports to the US plunged 71% in June, despite a 45% drop in average prices amid tariff tensions

The German sportswear company did not make it clear by how much it is going to increase it product prices in the US

Donald Trump's message for Chinese exporters was clear: move production to America, or risk being priced out of the market

Last week, both Shein and Temu had said that they would hike their prices owing to higher operating costs following the recent new tariff changes imposed by the US government

From real estate to trade wars, Donald Trump's deal-making thrives on chaos, intimidation, and theatrics-a playbook he described in his 1987 bestseller

It could be easier for India to deal with reciprocal tariffs by increasing imports from the US to protect its existing exports to the US, said analysts at Kotak Institutional Equities.

The silver lining amid all this is the fact that the reciprocal tariffs on India are lower than the other economies like China at 34 per cent and Vietnam at 46 per cent, Baliga said

According to Ambreesh Baliga, an independent analyst, "It's essentially a pullback rally following a prolonged decline in the Indian market."

A panel of three WTO trade experts on Tuesday said the US broke international rules when it imposed tariffs on Chinese goods in 2018

The deal brought a partial truce to an 18-month trade war between the world's two largest economies that heaped U.S. tariffs on some $370 billion worth of Chinese imports

China has threatened to retaliate by hitting U.S. agricultural exports if tariffs on Chinese imports worth up to $60 billion are announced by Washington