Friday, November 22

Tag: Trade Wars

Chinese Premier Urges President Donald Trump Not to Start A Trade War
20Mar By Sheldan RungasamyNo Comments
CHINA

Chinese Premier Urges President Donald Trump Not to Start A Trade War

Li Keqiang, Chinese Premier said on Tuesday that China did not want to get involved in a trade war with the United States of America, stating that the conflict could only ruin the relationship between the two countries. “We hope that both parties can maintain reason, not act emotionally, and avoid a trade war,” said Mr. Li at a press conference. He further added that any trade war would make no winner between the two superpowers and he hopes both parties can stay “calm” at the present situation. ALSO NEWS: Trump’s Harley Davidson Vs Modi’s Royal Enfield- The Beginning of Motorcycle War Addressing at the end of the 13th National People’s Congress (NPC, China's national legislature), Premier Li affirmed that Beijing only wishes to maintain a good and stable relationship w...
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India’s Export Percentage Lower Than Year 2005
12Mar By Sheldan RungasamyNo Comments
Market

India’s Export Percentage Lower Than Year 2005

Indian exports of goods and services, as a percentage of GDP in the September 2017 quarter, was lower than that of September 2005. US President Donald Trump has menaced to impose reciprocal tariffs on Indian goods, if the government refuse to lower duties on American exports. If the threat is put into practice, it will aggravate an already problematic situation for Indian exports. The best way to illustrate the gravity of this problem is when we realize that the gross domestic product (GDP) in September 2017 quarter was lower than the September quarter of 2005, already 12 years ago. The Indian exports of goods and services as a percentage of GDP was on a steady rise during the last boom until the September 2008 quarter. Exports were on the rise, significantly contributing t...
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