INSUBCONTINENT EXCLUSIVE:
said Tuesday afternoon (India time) as the trade war between the two countries appears to run further and further off road.The announcement
Beijing has also banned the export of certain goods, including those used by aerospace manufacturers and military contractors.On Wednesday
grew a forecast-beating 5.4 per cent in the first quarter
Industrial output climbed 6.5 per cent and retail sales 4.6 per cent year-on-year.Beijing, though, warned the global economic environment is
make the first step in any negotiation
China needs to make a deal with us
repeatedly accused China, India, Brazil, and most of the rest of the world, in fact, of levying higher tariffs on American imports than the
US places on goods it imports from them.The President has argued, and this was a major issue in his re-election campaign, that levying
reciprocal tariffs will either force other countries to bring down their taxes or jumpstart a stuttering American manufacturing sector,
These began with cumulative 10 per cent tariffs in February and March, and a massive 34 per cent in April.By April 9 the cumulative tariffs
had crossed 100 per cent, prompting markets worldwide, including in the US, to nosedive
Since then Trump has paused several orders, although not those impacting China.China responded in kind and also suspended import of sorghum,
poultry, and bonemeal, put trade restrictions on 27 American firms, and filed a complaint with the World Trade Organization.The tariff war
has also prompted Beijing to reach out to India and the European Union to drum up support
