Tariff news
Follow RT for the latest news on the economy, including information about tariffs – a term used to describe tax on exports or imports between sovereign states. Tariffs are usually used to restrict imports and increase the price of foreign goods, services to make them less attractive to buyers. There has been much talk about the US-China trade war and Beijing’s call on Chinese enterprises to substitute American imports with those from other countries in response to US trade tariffs. Follow RT for the latest news on relations between China and the US, and information on the trade war and tariffs levied by the countries involved.
- ‘Saving the big deal for later’: Trump casts doubt over India trade agreement ahead of state visit
US President Donald Trump said he was skeptical a trade deal would be inked with India when he visits the country later this month, suggesting that any new pact would only come after the 2020 election – if he wins, that is.Feb 19, 2020 01:55Business News - China to grant tariff exemptions on additional US goodsThe Chinese government announced on Tuesday it would allow importers to apply for new tariff exemptions on nearly 700 products from the United States, including agricultural and energy goods.Feb 18, 2020 08:55Business News
- Freeway for Harleys? India floats tariff cut for iconic US motorcycle on heels of Trump visit & possible trade dealIndia has offered to slash trade levies on Harley-Davidson motorcycles ahead of a state visit from US President Donald Trump later this month, who has hinted at signing a trade deal with his Indian counterpart during the trip.Feb 15, 2020 03:11World News
- Big ‘if’: Trump says he ‘looks forward’ to India trip while hinting at new trade deal, despite rocky negotiationsUS President Donald Trump has suggested that Washington and New Delhi could strike a long-anticipated trade deal during his upcoming visit to India, but a new pact is far from a foregone conclusion.Feb 12, 2020 06:53World News
- China to cut tariffs in half on $75 billion of US importsBeijing has announced that it will halve tariffs on more than 1,700 American products – worth up to $75 billion – to promote “the healthy and stable development” of trade relations between the two countries.Feb 6, 2020 08:36Business News
- China to cut import tariffs on some 850 products starting January after trade deal ‘breakthrough’China’s finance ministry has announced that it would lower or nix import tariffs on a range of products to “optimize” the country’s trade structure and spur economic development. The new rules start coming into effect next month.Dec 23, 2019 01:15World News
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