New rules for the import of goods into the United States from China are coming into effect on Friday. From July 6, they will be subject to an additional 25 percent tax. Thus, Donald Trump tries to punish the PRC for "stealing commercial secrets, unfair trade and the damage to the US economy."...

The United States is pushing various countries to reduce the quantity of oil imported from Iran to zero by November which has the potential to make international trade suffer which is a part of US’s poly to increase pressure on Tehran since it pulled out of the nuclear deal say experts.  ...

Imposing import tariffs on cars and car parts imported from the European Union by the United States would likely result in counter tariffs of American goods worth about $294 billion and would negatively impact its automotive industry, the EU has warned.     Imposing tariffs on cars and...

There can be job losses and “a smaller GM” while there would be isolation of U.S. businesses from the global market if the US administration imposes the higher import tariffs on vehicles as has been announced to be under consideration, warned General Motors Co.   While U.S. President Donald...

In a move that has the potential of strengthening the position of China in its trade spat with the United States, the country has announced slashing of import tariffs for five Asian countries.   China's commerce ministry said that large exporters to China – India and South Korea, as well as...

In response to accusations of restricting activities of foreign companies on the domestic market, the Chinese authorities promised not to dwell on tariff cuts agreed upon when joining the WTO in the new trade strategy and to additionally cut duties on 1,400 commodity items from July 1. In addition,...

The inclusion of crypto index in the FRED database signals the maturity of them. Recently crypto-currency was added into the “Federal Reserve Economic Data” or FRED’s database. The above mentioned step of “Federal Reserve Bank of St. Louis” may appear to be a “small gesture”, while it indicates...

With the growing demand of energy in India, the country ties up with American and French experts to create the “biggest” of its kind plant. EDF, a “French Utility”, along with GE have consented to jointly create “six reactors” as a project on nuclear power. The reactors will be located in the...

Ten years of international trade re-structuring efforts are being undermined by the introduction of “barriers”. The IMF stated that the timings of the U.S. imposition put on “import duties” coupled with “counter measures” of other countries are quite “frustrating”, for this should have been this...