Imposing a minimum of 10% baseline tariffs on all products entering US, & reciprocal tariffs on several countries, the US president said it was time to put ‘America first’.
The US president’s announcements have drawn sharp responses from several impacted countries, with some like China vowing retaliation and others seeking negotiations.
Trading partners are expected to respond with countermeasures of their own that could lead to dramatically higher prices for everything from bicycles to wine.
China has announced export controls on graphite days after US instituted curbs on semiconductor chips. Countries like India, in process of transitioning to green energies, to be affected.
Share of Indian export to Asian countries has dropped in the past decade despite forging major free trade alliances but it has gone up in traditional markets like US and Europe.
International trade is set to get a new lease of life as Covid-hit countries learn the value of global supply chains in the fight against the pandemic.
Maha ARC was set up to restructure distressed institutions linked to state government, but officials said the company would have been most useful for reconstructing and selling off sick cooperatives.
At defence conclave, Air Chief Marshal A.P. Singh says conflict needs all kinds of weapons, not just the long-range ones, as a paracetamol cannot cure all ailments.
This world is being restructured and redrawn by one man, and what’s his power? It’s not his formidable military. It’s trade. With China, it turned on him.
Thomas Piketty is not an economist. He is a propagandist. A woke Left “intellectual” whose objective is to make everyone of us equally poor, and therefore, equals.
Thomas Piketty is not an economist. He is a propagandist. A woke Left “intellectual” whose objective is to make everyone of us equally poor, and therefore, equals.