USA – Donald Trump on Monday announced a $12 billion financial assistance plan for American farmers impacted by his global trade tariffs. Trump said the funding will come from tariffs he has imposed on global trading partners, saying during a roundtable event at the White House that “maximizing domestic farm production is a big part […]
Tag: Trade War
China Suspends 24 Percent of Tariffs on US Imports
CHINA – On Wednesday, China said that it had suspended 24% of imposed tariffs on US imports for an year. The move comes after Chinese President Xi Jinping and his US counterpart Donald Trump held a summit last week in South Korea, with the two sides deciding on a one-year deal in trade and tariffs. […]
India Says Russian Oil Purchases Safeguard Indian Consumers’ Interests
INDIA – India on Thursday said that it’s a significant importer of the Russian oil and gas, adding that the Russian oil purchases helps safeguard the interests of the Indian consumer in a volatile energy scenario. The statement from New Delhi followed Wednesday’s claim by US President Donald Trump that Indian Prime Minister Narendra Modi […]
China Warns of Firm Countermeasures if its Interests are Harmed
CHINA – On Thursday, China vowed to safeguard its sovereignty, security and development interests if its legitimate rights are harmed regarding its Russian energy purchase. Beijing “carries out normal economic, trade and energy cooperation with all countries in the world including Russia. This is legitimate and lawful,” Foreign Ministry spokesman Lin Jian told reporters in […]
China Says Not Afraid of Trade War with US in Face of New Tariffs
CHINA – On Sunday, China said it’s not afraid of trade war with US amid new tariffs and export curbs. A Commerce Ministry spokesperson said the “willful threats of high tariffs” are not the right way to get along with China. China’s position on the trade war is consistent, “we do not want it, but […]
Trump’s Trade War Tariffs: What We Know So Far
NEWSBRIEF: UNITED STATES – Donald Trump’s trade war with China and allies like Canada, EU countries, Mexico, among others has left the world’s economy in a tensive state with fears of a global recession. On 2nd April, Trump announced reciprocal tariffs to over 180 countries in what he called the “Liberation Day” with a 10% […]