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India grabs distressed US oil as China sells tariff-hit supply

Beijing announced it would impose the 5% levies -- the first ever Chinese tariffs on U.S. oil -- on Aug. 23 and they took effect Sept 1.
Bharat Petroleum Corp. bought one or two cargoes of US crude that were recently diverted from its original destination of China(HT Photo)
Bharat Petroleum Corp. bought one or two cargoes of US crude that were recently diverted from its original destination of China(HT Photo)
Updated on Sep 05, 2019 04:09 PM IST
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Bloomberg | ByDhwani Pandya

US set to hit China with new waves of tariffs

The Office of the US Trade Representative has not however clarified the value of goods due to be hit with the first round of duties.
The US on Sunday is expected to hit billions of dollars worth of Chinese products with 15 per cent duties, in the first of two rounds of new tariffs(AP)
The US on Sunday is expected to hit billions of dollars worth of Chinese products with 15 per cent duties, in the first of two rounds of new tariffs(AP)
Updated on Sep 01, 2019 08:16 AM IST
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Washington | ByIndo Asian News Service

‘India has long had a field day…’: Donald Trump’s new tweet attack over tariffs

President Trump, championing his ‘America First’ policy has been a vocal critic of India for levying “tremendously high” duties on US products, has described the country as a “tariff king”.
U.S. President Donald Trump during a speech in the East Room of the White House in Washington, U.S., July 8, 2019. (REUTERS/Carlos Barria)(REUTERS)
U.S. President Donald Trump during a speech in the East Room of the White House in Washington, U.S., July 8, 2019. (REUTERS/Carlos Barria)(REUTERS)
Updated on Jul 09, 2019 09:31 PM IST
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Hindustan Times, Washington | ByYashwant Raj

US President Trump wants India to withdraw recently hiked tariffs

President Trump was probably referring to retaliatory tariffs the Modi government imposed on American goods recently after the US terminated India’s special trade privileges under a zero-tariff programme, called the Generalized System of Preferences (GSP), for denying US companies more access to Indian markets.
President Trump has pushed trade aggressively with all of America’s trading partners, and he now intends to bring it up with Prime Minister Modi at their upcoming meeting, which will be their first after the Indian leader’s re-election.(AFP PHOTO)
President Trump has pushed trade aggressively with all of America’s trading partners, and he now intends to bring it up with Prime Minister Modi at their upcoming meeting, which will be their first after the Indian leader’s re-election.(AFP PHOTO)
Updated on Jun 27, 2019 08:40 PM IST
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Hindustan Times, Washington | ByYashwant Raj

Trump says it’s ‘possible’ for deal with China’s Xi to avoid more tariffs

Trump is expected to meet with Xi at the G20 summit in Japan this weekend. It will be the first time the two leaders have had a face-to-face meeting since trade talks between their countries collapsed in May.
China and the United States have been embroiled in trade tensions marked by tit-for-tat tariffs. Washington has blamed the end of talks on Beijing, saying China reneged on concessions it had already made.(REUTERS PHOTO)
China and the United States have been embroiled in trade tensions marked by tit-for-tat tariffs. Washington has blamed the end of talks on Beijing, saying China reneged on concessions it had already made.(REUTERS PHOTO)
Updated on Jun 26, 2019 08:19 PM IST
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Washington | ByReuters

Retaliatory tariffs on US could worsen trade ties | Analysis

India, in 2017, put certain cost caps on certain procedural and remedial equipment largely to benefit poorer patients.
The trade deficit between India and the US stood at roughly $21.3 billion in India’s favour in 2018. (Representative Image)(Bloomberg)
The trade deficit between India and the US stood at roughly $21.3 billion in India’s favour in 2018. (Representative Image)(Bloomberg)
Updated on Jun 15, 2019 08:36 AM IST
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New Delhi | ByShishir Gupta

China raises tariffs on US goods amid escalating tensions

Beijing’s move hits $60 billion worth of US goods with new punitive tariffs ranging from five to 25 percent, and comes in retaliation for Washington raising punitive tariffs on $200 billion in Chinese goods to 25 percent.
China on Saturday increased tariffs on billions worth of US goods as it prepares to unveil a blacklist of “unreliable” foreign companies that analysts say aims to punish US and foreign firms cutting off supplies to telecoms giant Huawei.(AFP Photo)
China on Saturday increased tariffs on billions worth of US goods as it prepares to unveil a blacklist of “unreliable” foreign companies that analysts say aims to punish US and foreign firms cutting off supplies to telecoms giant Huawei.(AFP Photo)
Updated on Jun 01, 2019 01:25 PM IST
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Beijing | ByAgence France-Presse

China to impose tariffs on $60 billion of US goods

China will impose tariffs on a total of 5,140 US products from June 1, the finance ministry said in a statement on Monday.
China plans to impose tariffs on $60 billion worth of US goods, the finance ministry said on Monday, after the United States escalated a bitter trade war with a tariff hike on $200 billion of Chinese products.(AP)
China plans to impose tariffs on $60 billion worth of US goods, the finance ministry said on Monday, after the United States escalated a bitter trade war with a tariff hike on $200 billion of Chinese products.(AP)
Updated on May 13, 2019 07:13 PM IST
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Hong Kong | ByReuters

With more tariffs, US-China trade outlook looks grim, says data

With seven weeks to go until a deadline that could see the U.S. ramp up tariffs on Chinese goods once again, the economic damage wrought by the months-long trade war is becoming clearer.
Chinese Vice President Wang Qishan raises a toast during an event commemorating the 40th anniversary of the establishment of diplomatic relations between the United States and China at the Great Hall of the People in Beijing on January 10, 2019.(AFP)
Chinese Vice President Wang Qishan raises a toast during an event commemorating the 40th anniversary of the establishment of diplomatic relations between the United States and China at the Great Hall of the People in Beijing on January 10, 2019.(AFP)
Updated on Jan 10, 2019 07:02 PM IST
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Bloomberg | ByNatalie Lung

China’s trade surplus with US hits record high despite Donald Trump’s biting tariffs

United States President Donald Trump’s much-touted hefty tariffs on Chinese imports are yet to have a negative effect as the Communist nation’s trade surplus with America ballooned to a record high of USD 34.1 billion in September, latest official data showed on Friday.
Donald Trump has been steadily hiking tariffs on Chinese exports to the United States since June, demanding Beijing to bring down the trade deficit amounting to USD 375 billion.(Reuters/File Photo)
Donald Trump has been steadily hiking tariffs on Chinese exports to the United States since June, demanding Beijing to bring down the trade deficit amounting to USD 375 billion.(Reuters/File Photo)
Updated on Oct 12, 2018 07:04 PM IST
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Beijing | ByPress Trust of India

China to hike tariff on $60bn of US goods as trade war with Trump administration escalates

China’s retaliatory tariffs, ranging from 5 percent to 10 percent on more than 5,000 items, will take effect on Sept. 24, China’s ministry of finance said in a statement posted on its website. Beijing is still ready to negotiate an end to the trade tensions, it said.
At almost the same time the tariff list was released in Beijing, President Donald Trump on Tuesday threatened more counter-measures against China if it targets politically potent US agricultural products for retaliation.(Reuters/File Photo)
At almost the same time the tariff list was released in Beijing, President Donald Trump on Tuesday threatened more counter-measures against China if it targets politically potent US agricultural products for retaliation.(Reuters/File Photo)
Updated on Sep 18, 2018 07:19 PM IST
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Bloomberg, Hong Kong/Washington | ByEnda Curran, Andrew Mayeda and Jenny Leonard

China vows to hit back as Trump targets $200bn in imports with tariffs

Once the new round of tariffs takes effect on September 24, punitive duties will be in place on $250 billion in goods the US buys from China -- its largest source of imported merchandise.
Chinese foreign ministry spokesman Geng Shuang. China on Tuesday vowed to retaliate against the United States and warned of “uncertainty” in trade talks after president Donald Trump targeted another $200 billion in Chinese imports with tariffs starting next week.(AP File Photo)
Chinese foreign ministry spokesman Geng Shuang. China on Tuesday vowed to retaliate against the United States and warned of “uncertainty” in trade talks after president Donald Trump targeted another $200 billion in Chinese imports with tariffs starting next week.(AP File Photo)
Updated on Sep 18, 2018 03:21 PM IST
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Washington | ByAgence France-Presse

Vaping industry to suffer due to Trump’s tariffs targeting e-cigarettes

The next round of duties proposed by US President Donald Trump -- 25% on $16 billion worth of Chinese imports that could go into effect in a month -- includes vaping devices. Most e-cigarettes are made in China.
Electronic cigarette devices sit on a counter at the NXNW Vapor store in Sacramento, California, US.(David Paul Morris/Bloomberg)
Electronic cigarette devices sit on a counter at the NXNW Vapor store in Sacramento, California, US.(David Paul Morris/Bloomberg)
Updated on Jul 20, 2018 03:30 PM IST
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Bloomberg | ByMark Niquette and Matt Townsend

Indian tariffs kill Australian chickpea trade, plantings in the country cut by half

India recently raised tariffs on chickpeas to 70% in retaliation to the US imposing higher levies on some products. Compounding tariffs on chickpeas has been a growing concern for Australia, the world’s biggest exporter of the item.
An employee holds a scoop of chickpeas in a store at a local market in Hyderabad, India.(Dhiraj Singh/Bloomberg)
An employee holds a scoop of chickpeas in a store at a local market in Hyderabad, India.(Dhiraj Singh/Bloomberg)
Updated on Jun 25, 2018 12:56 PM IST
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Bloomberg | ByRebecca Keenan

Trump threatens China with new $200 billion tariffs, China vows to retaliate

Trump said he had asked US Trade Representative Robert Lighthizer to identify the Chinese products to be subject to the new tariffs.
US President Donald Trump addresses a meeting of the National Space Council in the East Room of the White House in WashingtoN.(REUTERS)
US President Donald Trump addresses a meeting of the National Space Council in the East Room of the White House in WashingtoN.(REUTERS)
Updated on Jun 19, 2018 09:25 PM IST
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Reuters, Washington | ByReuters

US imposes tariffs on $50 billion Chinese goods, Trump vows more if it strikes back

China has pledged to retaliate on US exports including soybeans and pork.
President Donald Trump speaking at a rally at the Nashville Municipal Auditorium, in Nashville, Tennesse.(AP File Photo)
President Donald Trump speaking at a rally at the Nashville Municipal Auditorium, in Nashville, Tennesse.(AP File Photo)
Updated on Jun 15, 2018 06:10 PM IST
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Bloomberg | ByAndrew Mayeda and Jenny Leonard

Canada PM calls Trump’s security reasoning for tariffs ‘laughable’

Last week, the Trump administration unveiled punishing tariffs on imports of steel and aluminum from the EU, Canada and Japan, among others.
Canada's Prime Minister Justin Trudeau shakes hands with French President Emmanuel Macron during a meeting in Trudeau's office on Parliament Hill in Ottawa, Ontario, Canada.(REUTERS)
Canada's Prime Minister Justin Trudeau shakes hands with French President Emmanuel Macron during a meeting in Trudeau's office on Parliament Hill in Ottawa, Ontario, Canada.(REUTERS)
Updated on Jun 07, 2018 09:12 PM IST
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ByAFP

World on brink of trade war as US slaps steel, aluminium tariffs on allies

US has slapped duties of 25 percent and 10 percent on imports of aluminium and steel.
People fish on Hamilton Harbour near steel mills in Hamilton, Ontario on May 31 on the eve of tariffs being imposed on the Canadian industry by the Trump administration.(AFP Photo)
People fish on Hamilton Harbour near steel mills in Hamilton, Ontario on May 31 on the eve of tariffs being imposed on the Canadian industry by the Trump administration.(AFP Photo)
Updated on Jun 02, 2018 06:15 PM IST
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Agence France-Presse, Paris | ByAgence France-Presse

Encouraged by Xi Jinping’s remarks but want concrete steps to avert new tariff: White House

US President Donald Trump had said he was ‘thankful’ to China’s Xi Jinping for his ‘kind words’ on tariffs. ‘Will make great progress together’.
US President Donald Trump talks to Chinese President Xi Jinping during a welcome ceremony at the Great Hall of the People in Beijing last year.(AP File Photo)
US President Donald Trump talks to Chinese President Xi Jinping during a welcome ceremony at the Great Hall of the People in Beijing last year.(AP File Photo)
Updated on Apr 11, 2018 09:24 AM IST
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Press Trust of India, Washington | ByHT Correspondent

China’s Xi Jinping renews pledges to open economy, cut tariffs this year

Xi said that China will sharply widen market access for foreign investors, a chief complaint of the country’s trading partners and a point of contention for US President Donald Trump’s administration, which has threatened billions of dollars in tariffs on Chinese goods.
Xi Jinping, China's president, speaks at the Boao Forum for Asia Annual Conference in Boao, China, on Tuesday, April 10, 2018. Xi vowed to open sectors from banking to auto manufacturing, in a keynote speech that also warned against returning to a
Xi Jinping, China's president, speaks at the Boao Forum for Asia Annual Conference in Boao, China, on Tuesday, April 10, 2018. Xi vowed to open sectors from banking to auto manufacturing, in a keynote speech that also warned against returning to a "Cold War mentality" amid his trade disputes with US counterpart Donald Trump.(Qilai Shen/Bloomberg)
Updated on Apr 10, 2018 12:26 PM IST
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Reuters, Boao/Beijing | ByReuters

Trump threatens new $100 billion tariffs on Chinese products

Trump has argued that the US is only proposing the additional tariffs as a negotiating position, and will be happier to settle them through talks.
Trump ordered his administration to consider imposing tariffs on an additional $100 billion in Chinese imports, a salvo that sent US stock futures tumbling on concern the world’s two largest economies were hurtling towards a full-blown trade war.(Al Drago/Bloomberg)
Trump ordered his administration to consider imposing tariffs on an additional $100 billion in Chinese imports, a salvo that sent US stock futures tumbling on concern the world’s two largest economies were hurtling towards a full-blown trade war.(Al Drago/Bloomberg)
Updated on Apr 06, 2018 11:24 AM IST
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Hindustan Times, Washington | ByYashwant Raj

Sensex, Nifty end little changed, post 2% weekly gains

Benchmark equity indices ended little changed after a day of flat trade on Friday.
Domestic equities opened lower after Thursday’s rally.(Abhijit Bhatlekar/ Mint)
Domestic equities opened lower after Thursday’s rally.(Abhijit Bhatlekar/ Mint)
Updated on Apr 06, 2018 04:51 PM IST
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Press Trust of India, Mumbai | ByHT Correspondent

Trade war deepens: China hits back at US with tariffs on soybeans, planes, autos

Unlike Washington’s list, which was filled with many obscure industrial items, China’s list strikes at signature US exports.
Containers are seen at the Yangshan Deep Water Port, part of the Shanghai Free Trade Zone, in Shanghai, China, September 24, 2016. REUTERS/Aly Song/Files(Reuters File Photo)
Containers are seen at the Yangshan Deep Water Port, part of the Shanghai Free Trade Zone, in Shanghai, China, September 24, 2016. REUTERS/Aly Song/Files(Reuters File Photo)
Updated on Apr 04, 2018 11:35 PM IST
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Sutirtho Patranobis and Yashwant Raj, Washington/Beijing | ByHT Correspondent

US list of $50 billion tariffs aims at technology, China vows to retaliate in equal measure

The list of tariffs to be imposed on Chinese-made products released by the USTR focusses on high-tech items, from semiconductors to lithium batteries.
Trump said on March 22 the tariffs were aimed at penalizing Beijing for what the US alleges to be theft of American companies’ intellectual property. China imposed tariffs of its own in response to Trump’s actions on metal imports.(AFP Photo)
Trump said on March 22 the tariffs were aimed at penalizing Beijing for what the US alleges to be theft of American companies’ intellectual property. China imposed tariffs of its own in response to Trump’s actions on metal imports.(AFP Photo)
Updated on Apr 04, 2018 11:20 AM IST
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Bloomberg | ByAndrew Mayeda, Miao Han and Kevin Hamlin

Trade war looms as China slaps tariffs on 128 US products including pork, wine

The tariffs, to take effect on Monday, was released late on Sunday and matches a list of potential tariffs on up to $3 billion in US goods published by China on March 23 .
Imported nuts from the United States are displayed for sale at a supermarket in Beijing, Monday, April 2, 2018. China raised import duties on US pork, fruit and other products Monday in an escalating tariff dispute with President Donald Trump that companies worry might depress global commerce.(AP Photo)
Imported nuts from the United States are displayed for sale at a supermarket in Beijing, Monday, April 2, 2018. China raised import duties on US pork, fruit and other products Monday in an escalating tariff dispute with President Donald Trump that companies worry might depress global commerce.(AP Photo)
Updated on Apr 02, 2018 08:43 PM IST
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Hindustan Times, Beijing | BySutirtho Patranobis
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