Tuesday, December 10

Tag: International Trade

China Vows to Open Economy, Reduce Auto Import Tariffs
CHINA

China Vows to Open Economy, Reduce Auto Import Tariffs

Xi Jinping, President of China promised to lower down import tariffs on products including cars and open country's economy in a speech delivered on Tuesday over matters concerning around ongoing trade tensions between China and the United States. At present, a 25 percent import duty is levied on Chinese imports. In his address speech at Boao Forum for Asia, President said, "China's door of opening will not be closed and will only open wider." Going by the present market scenario, if a foreign company operating in China partners with a local manufacturer, former's stake will be limited to 50 percent of the joint entity. This can come off as a great news for Jaguar Land Rover, a subsidiary of Tata Motor's which are involved in selling Range Rover and other high-end models to China. ...
Countries at Risk From US-China Trade War
USA

Countries at Risk From US-China Trade War

Economists from all over the world are busy speculating the consequences of a full-blown trade war and how it will affect the overall economy.Meanwhile, global tensions have been continuously escalating amidst impending trade war between US and China.   Trump's latest stringent move that imposed additional tariffs on of 25 percent over Chinese imports worth $50 billion has further aggravated the situation.   Economy analysts believe this will do more harm to the American economy than taking over China's theft policy for technology.   China's immediate retaliation has also come forward in the form of a proposal for tariffs to be imposed on more than 100 American products.     While, it is not clear if these 'tit for tat' tariff p...