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Tag: tariff

US postpones next tariff hike after China trade talks

US postpones next tariff hike after China trade talks

Business
The US has agreed to suspend its next tariff hike on Chinese imports after two days of trade talks in Washington. US President Donald Trump said negotiators had reached a "phase one deal" that would include increased agricultural purchases and address financial services and technology theft.China's top negotiator Liu He also said he was "happy" with the progress.The US was due to raise tariffs on some Chinese goods to 30% next week.US share markets, which had risen on reports of a deal, closed higher, but shed some gains in the final minutes of trade as it became clear any agreement was relatively limited.'A deal, pretty much'"We've come to a deal, pretty much, subject to getting it written," Mr Trump said, adding that negotiator...
Market bull cuts exposure to stocks due to new Mexico tariff threat

Market bull cuts exposure to stocks due to new Mexico tariff threat

Finance
Long-time market bull Phil Orlando just cut his exposure to stocks.The Federated Investors chief equity market strategist cites President Donald Trump's new threat to impose 5% tariffs on Mexico imports for the decision. "In light of this growing uncertainty and expanded downside risk, we opted to pull in our horns a bit this morning, and we lowered our 8% equity overweight in our PRISM asset allocation moderate growth portfolio to 5%," Orlando wrote in Friday's commentary. "We added the 3% into our cash overweight."Despite making the defensive move, Orlando contends U.S. economic fundamentals remain solid, and they should ultimately support stocks. It's a sentiment he echoed during Thursday's interview on the ongoing U.S.-China trade war on CNBC's "Futures Now. " "When it does ...
US-China trade talks end without deal after tariff hike

US-China trade talks end without deal after tariff hike

Business
By Sharon Marris, news reporter Trade talks between the United States and China ended on Friday without a deal.Two days of discussions concluded on the same day the US increased tariffs on $ 200bn (£153bn) of Chinese goods from 10% to 25%. China is expected to hit back, prompting fears the 10-month trade war between the world's two largest economies could worsen. ....into the future will continue. In the meantime, the United States has imposed Tariffs on China, which may or may not be removed depending on what happens with respect to future negotiations!— Donald J. Trump (@realDonaldTrump) May 10, 2019 US trade representative Robert Lighthizer, Treasury secretary Steven Mnuchin and Chinese Vice Premier Liu He spent ...
Decoded: All about Trai's new tariff order and how it'll impact you

Decoded: All about Trai's new tariff order and how it'll impact you

Finance
By R S SharmaYou receive an SMS on your phone from the Telecom Regulatory Authority of India (Trai) suggesting you to opt for TV channels à la carte or via bouquets as per the new Trai tariff order. Why are you receiving these messages? Trai, as broadcasting regulator, has a mandate to protect the interest of service providers and consumers while ensuring the orderly growth of the sector. It has to identify issues arising from the changing techno-commercial scenario. It has to be agile by regularly reviewing and revisiting regulations and market practices. These must incentivise the assimilation of new technologies, while curbing practices that adversely affect competition and create information asymmetries. In cable TV distribution, a major policy was initiated by GoI in November 2...
Trump threatens 20% tariff on all European cars

Trump threatens 20% tariff on all European cars

Business
Donald Trump has threatened a 20% tariff on all European cars if the EU does not remove trade barriers introduced on Friday. His threat - which if carried out would represent a serious escalation of the burgeoning trade war - comes hours after new EU tariffs on goods imported from the US came into force. Based on the Tariffs and Trade Barriers long placed on the U.S. and it great companies and workers by the European Union, if these Tariffs and Barriers are not soon broken down and removed, we will be placing a 20% Tariff on all of their cars coming into the U.S. Build them here!— Donald J. Trump (@realDonaldTrump) June 22, 2018 In response to Mr Trump's tariffs on European steel and aluminium, the EU has imposed tariffs on ...