China announced a tariff hike on US imports to 84 per cent from 34 per cent, shortly after Trump's punitive 104 per cent tariffs on Chinese imports kicked in on Wednesday
Bessent said Treasury's stronger involvement in crafting bank regulation would be achieved through the Financial Stability Oversight Council
Beijing highlights mutual gains in US-China trade relations, warns against Trump's protectionist policies, and more in white paper
US China trade war: Beijing had previously called Trump's ultimatum 'coercive' and stated that it would 'fight to the end'
China on Wednesday promised to take resolute and forceful measures to safeguard its rights and interests, after net total tariffs of 104 per cent by President Donald Trump on Chinese imports into the US took effect. After Trump's additional 50 per cent tariffs on the world's second-largest economy, China has not announced any new tariffs on the US. President Trump's next round of punishing tariffs on some of America's largest trading partners went into effect on Wednesday, including stiff new levies that will increase import taxes on Chinese goods by at least 104 percent. Trump's explosive new tariffs on 60 countries came into effect just after midnight Wednesday US time. The additional tariffs on China kicked in after Beijing refused to meet Trump's deadline to withdraw its own retaliatory levies on the US. Asked why China has not slapped retaliatory tariffs after Tuesday's assertions to fight till the end and whether the two countries are holding talks to resolve the issue, Chin
With Donald Trump's sweeping tariffs kicking in, India's key exports are now taxed at 26%, while China faces a staggering 104% levy-sparking fears of a global trade war
Trump is imposing tariffs on China as high as 104 per cent along with import taxes on roughly 60 trading partners that run trade surpluses with the US
The multilateral institution suggested countries in the region cooperate and engage in more trade between themselves, a trend that is already underway in Asia
The administration has scheduled talks with South Korea and Japan, two close allies and major trading partners, and Italian Prime Minister Giorgia Meloni is due to visit next week
On the institutional activity front, FIIs net sold shares worth ₹4,994.24 crore, while DIIs net bought equities of ₹3,097.24 crore, on April 8.
This comes after China did not meet the deadline set by President Donald Trump to lift its retaliatory tariffs on American goods
Tensions are heating up once again between the US and China, as US President Donald Trump has threatened to slap an extra 50% tariff on all Chinese goods, and China isn't staying quiet.
China said Tuesday it would fight to the end and take countermeasures against the United States to safeguard its own interests after President Donald Trump threatened an additional 50% tariff on Chinese imports. The Commerce Ministry said the US' imposition of so-called reciprocal tariffs' on China is completely groundless and is a typical unilateral bullying practice. China has taken retaliatory tariffs and the ministry hinted in its latest statement that more many be coming. The countermeasures China has taken are aimed at safeguarding its sovereignty, security and development interests, and maintaining the normal international trade order. They are completely legitimate, the ministry said. The US threat to escalate tariffs on China is a mistake on top of a mistake and once again exposes the blackmailing nature of the US. China will never accept this. If the US insists on its own way, China will fight to the end. Trump's threat Monday of additional tariffs on China raised fresh .
China's statement comes a day after Donald Trump threatened Beijing with an additional 50 per cent tariff if it implements its 34 per cent retaliatory duties
GIFT Nifty hinted at a gap-up start. As of 6:48 AM, GIFT Nifty futures were up 378 points at 22,642, compared to the previous Nifty futures close of 22,263.
Credit event risks have been a feature of nearly all the past crises such as the global financial crisis in 2008 and the more recent Covid-triggered scare in 2020.
Piyush Goyal blamed China for the current global crisis, adding that China's entry into the WTO in the 1990s and early 2000s was a turning point
Trump's threat, which he delivered on social media, came after China said it would retaliate against US tariffs announced last week
Donald Trump touted the steep drop in oil prices - largely driven by fears of reduced demand - as a policy win in a post on Truth Social
Trump criticised China as the top abuser of the US, saying tariffs are bringing in billions weekly despite China's 34% hike after decades of trade imbalance