China faces a 12 Aug deadline to seal a lasting tariff deal with Trump, after earlier pacts in May and June paused weeks of tit-for-tat tariffs and a rare earths export threat.
The US president says the tariffs imposed on China are a penalty to make up for the losses incurred by the US due to the alleged trafficking of the drug.
The two countries had agreed on a 90-day pause & lifting restrictions on Chinese exports needed for US semiconductor, electronics, and defence production in May this year.
China’s finance ministry insists the US must stop suppressing Beijing firms, lift Xinjiang-related product bans, and take tangible measures to address its economic concerns.
China wants international shippers of meat and soybeans to attest that their cargo meets safety standards, a requirement companies are wary of for fear of liability.
The deal sees US suspending plans for new tariffs on $160 billion of Chinese imports while China agrees to increase its purchases of American agricultural products.
The dynamics between Europe and Russia have gone so south that mending fences looks like an uphill task—even as the US swings between sanctions and olive branches.
Centre for Science and Environment in new report makes case for rationalising GST on waste material, saying most informal operators can’t afford high tax & it also hinders recycling.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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