“Urge us to correct our mistakes”: China on mutual tariff

Beijing: China on Sunday called for the United States to “completely cancel” its mutual tariffs after the United States announces a discount for consumer electronics and major chipmaking devices. “We urge the US … Take a big step to correct our mistakes, completely cancel the wrong practice of ‘mutual tariff’ and return to the right … Read more

10% baseline tariff of Trump, for everyone except China, can remain: Top officials

Washington: US President Donald Trump’s almost all countries will be likely to leave 10 percent of tariffs and move forward, his top economic advisor Kevin Haset said on Thursday. A day earlier, Trump announced a 90-day stagnation against all countries except China, reversing a policy that cried the global stock markets and stripped the American … Read more

“Don’t venge”: The White House has warned after Trump’s 125% tariff

Washington: In a stunning turn of events, US President Donald Trump on Wednesday reverse his broad tariffs on most countries for at least 90 days. However, he pressurized China, which does not apply to the break, and leads to a high-handed confrontation between the world’s two largest economies. Instead, Trump punished 125 percent tax on … Read more