Trade


    • EU committed to free-trade pact with India

      EU committed to free-trade pact with India

      The European Union and India are "fully committed" to secure free trade agreement with discussions being currently on between the two sides, EU official says. The negotiations for the much-delayed pact, officially called the Bilateral Trade and Investment Agreement (BTIA), have been held up since May 2013, but have also witnessed many hurdles.

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    • US sanctions China for buying Russian weapons

      US sanctions China for buying Russian weapons

      Trump's administration imposed sanctions on the Chinese military on Thursday over its purchase of Russian military jets and surface-to-air missiles, which contravenes a sweeping US sanctions law punishing Moscow for meddling in the 2016 US election. The sanctions are reportedly related to China's recent purchase of 10 Russian Sukhoi Su-35 fighter jets and S-400 surface-to-air missile system-related equipment.

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    • China won't devalue yuan to boost exports, says Premier Li

      China won't devalue yuan to boost exports, says Premier Li

      China's Premier Li Keqiang told an audience of global executives and policymakers that China would not weaken the yuan to boost trade with the rest of the world. "China will never go down the path of stimulating exports by devaluing its currency," Chinese Premier Li Keqiang said Wednesday during a speech at a World Economic Forum event in the northern Chinese city of Tianjin. His comments came a day after the United States and China announced that they would impose their biggest rounds of tariffs yet on each other's exports, starting next week.

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    • China hits back by levying tariffs on $60bn of US goods

      China hits back by levying tariffs on $60bn of US goods

      China has fired back at the United States after President Donald Trump ramped up the trade war with his biggest wave of tariffs yet. The Chinese government said Tuesday that it would impose tariffs on US goods worth $60 billion following the Trump administration's announcement that it was hitting $200 billion worth of Chinese goods with new tariffs.

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    • Trump announces new tariffs on Chinese goods

      Trump announces new tariffs on Chinese goods

      US President Donald Trump announced, as earlier expected, that he would impose 10 percent tariffs on $200bn worth of Chinese imports next week, and that the surcharge will potentially jump to 25 percent by the end of 2018. Once the new round of tariffs takes effect on 24 September, punitive duties will be in place on roughly half of the products the US buys from China – its largest source of imported merchandise. 

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    • Trump set to impose new tariffs on China

      Trump set to impose new tariffs on China

      Talks between China and the US aimed at defusing trade tension between the two nations are at risk amid fresh threats from the White House of tariffs on $200bn of Chinese imports. According to several media reports Beijing is considering declining the offer of talks led by US Treasury Secretary Steven Mnuchin as it isn't prepared to negotiate with a "gun pointed to its head" and is also considering potential retaliation steps.

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    • EU ministers battle over digital tax

      EU ministers battle over digital tax

      EU finance ministers battled Saturday in Vienna over a controversial proposal to slap a European tax on US tech giants amid rising worries that it is ineffective and protectionist. Under the proposal from the European Commission in March, EU states would charge a 3 percent levy on digital revenues of large firms like Google and Facebook that are accused of routing their profits to the bloc's low-tax states.

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    • EU ends trade defence measures on solar panels from China

      EU ends trade defence measures on solar panels from China

      The EU anti-dumping and anti-subsidy measures on solar panels from China expired today at midnight, after having been in place for almost five years. After considering the needs of both producers and those using or importing solar panels the Commission decided not to extend trade defence measures, the EC press service reported.

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