Page 2 - Trade War

Gold prices hit record high as trade war fears drive safe-haven demand

The Personal Consumption Expenditures (PCE) price index increased 0.4 per cent in February, compared with analysts expectation of 0.3 per cent rise, similar to January's increase

India imposes anti-dumping duty on 5 Chinese goods including aluminium foil

India has imposed anti-dumping duty on four Chinese goods, including vacuum flasks and aluminium foil, during the month so far to guard domestic players from cheap imports from the neighbouring country. These duties were imposed as these products -- Soft Ferrite Cores, certain thickness of vacuum insulated flask, aluminium foil, and Trichloro Isocyanuric Acid -- were exported to India from China at below normal prices. In separate notifications, the Central Board of Indirect Taxes and Customs, Department of Revenue, said that the duty imposed "shall be levied for a period of five years" on imports of Soft Ferrite Cores, vacuum insulated flask, and Trichloro Isocyanuric Acid. The anti-dumping duty of up to USD 873 per tonne was imposed provisionally on aluminium foil for six months. The government has imposed the duty in the range of USD 276 per tonne to USD USD 986 per tonne on imports of the acid (a water treatment chemical) from China and Japan. On imports of Soft Ferrite Cores

Toronto excludes Tesla vehicles from EV incentive due to US trade war

Toronto is promoting the adoption of EVs purchased as vehicles for hire by giving drivers and owners a reduction in licensing fees and renewal fees until the end of 2029, to help it lower emissions

US-EU tariff war risks $9.5 trn of business: American Chamber of Commerce

Trump has railed against the US goods trade deficit with the EU, although in services there is a US surplus, and urged manufacturers to produce in America

Japan's trade minister fails to get assurances from US on tariff exemptions

Japan's trade minister said this week that he has failed to win assurances from US officials that the key US ally will be exempt from tariffs, some of which take effect on Wednesday. Yoji Muto was in Washington for last ditch negotiations over the tariffs on a range of Japanese exports including cars, steel and aluminum. Muto said Monday in Washington that Japan, which contributes to the US economy by heavily investing and creating jobs in the United States, should not be subject to 25% tariffs on steel, aluminum and auto exports to America. His meetings with US Commerce Secretary Howard Lutnick, US Trade Representative Jamieson Greer and White House economic advisor Kevin Hassett came just two days before the steel and aluminum tariffs are due to take effect. President Donald Trump has also said a possible 25% tariff on imported foreign autos could take effect in early April. Muto said the US officials acknowledged Japanese contributions and agreed to continue talks, but did not .

Bourbon goes off shelves in US as Canada fights Trump's tariff threats

Canadian pizzeria Gram's Pizza has decided to boycott US-made products after Trump slapped 25 per cent tariffs on Canada and threatened to annex the country and make it the 51st state of the US

US Fed's Powell gets chance to address global trade war, stagflation fears

Powell will deliver his remarks to an economic conference just ahead of the communications blackout for the Fed's March 18-19 policy meeting

India faces limited gains, more pain from trade war between US and China

Advantage cotton producers, but other farm items at risk of glut from US supplies, say experts

'Dumb thing to do': Trudeau's message to 'smart guy' Trump on US tariffs

Drawing a contrast between the US's approach to Canada and its stance on Russia, Trudeau remarked: 'Make that make sense'

China targets US agri, food products in response to Trump tariff threats

Trade tensions escalate amid US Tariffs on China, Canada, and Mexico, which are set to take effect on March 4

Trump's tariffs spark global tensions, impact trade and interest rates

While many countries are considering retaliatory tariffs on US goods, such measures are both unproductive and unlikely to deter Mr Trump

Stock Market Close Highlights: Sensex sheds 313pts, Nifty ends at 23,696; Smallcap shares outperform

Stock Market Highlights on February 5, 2025: Broader markets outperformed the benchmarks, with small-cap shares leading the charge, as the Nifty Smallcap100 index ended higher by 1.85 per cent

Markets Today: Services PMI; MPC; Trump-China news; Swiggy, Titan Q3; IPO

At 6:33 AM, GIFT Nifty futures were up 71 points at 23,856, signaling a higher start for Indian markets

India in wait-and-watch mode as US President Trump unleashes trade war

Even though Trump has repeatedly labelled India a high-tariff nation, he has yet to take action against New Delhi

Canada warns of 'Trump Tariffs Tax' as trade war looms over US tariff plans

US-Canada trade war looms as President-elect Donald Trump prepares for his inauguration with no signs of backing out of proposed tariffs

US needs to look beyond tariffs to counter China's factory dominance

To counter China's trade dominance and boost US manufacturing and jobs, a strategy beyond high tariffs is essential

How China built tech prowess: Chemistry classes and research labs

Spending on research and development has surged, tripling in the past decade and moving China into second place after the United States

China accuses EU of foul play, says escalation could trigger 'trade war'

China's Commerce Ministry on Thursday accused the European Union of making unreasonable demands in its investigation into imports of Chinese electric vehicles before announcing it was raising tariffs by as much as 38 per cent. Ministry spokesman He Yadong said the European side had demanded excessive amounts of information from Chinese automakers and then unfairly accused the Chinese companies of failing to cooperate. The types, scope, and amount of information collected by the European side are unprecedented, far exceeding the requirements of anti-subsidy investigations, He said. He said that included requiring details on manufacturing and development, technology and product formulas, among other aspects, from Chinese electric vehicle and battery companies. "After Chinese companies did their best to cooperate with the investigation and provided information, the European Commission still unreasonably accused Chinese companies of not fully cooperating and imposed punitive high tax ..

Japan imposes trade curbs on Chinese firms for backing Ukraine war

The new sanctions also target firms in India, Kazakhstan, and Uzbekistan

Xi has few options to retaliate against Europe without sparking trade war

China has also signaled it's considering tariffs as high as 25% on imported cars with large engines