Tariff Current Affairs, GK & News

India not eligible for US’ GSP benefits

The United States Trade Representative’s (USTR’s) office has recently classified India as a developed economy and it is ineligible for GSP benefits from the US. The Generalized System of Preferences (GSP) scheme offers a lower tariff to the exporters of a select group of developing countries. India is the largest beneficiary nation under the GSP, which enjoyed ..

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USA- France trade dispute

The tariff dispute between USA and France has started affecting bilateral trade. Recently, USA threatened to impose a 100% tariff on French imports such as wine, cheese and handbags. The threat comes in light of the recently announced French digital tax or the GAFA tax. The GAFA tax levies a 3% taxation on tech giants ..

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Developing Country Status in WTO

US President Trump has made a sharp criticism against the World Trade Organisation (WTO) for allowing countries such as India and China to engage in unfair trade practices that affect American economic interests. President Trump questioned the “developing country” status enjoyed by India and China at the WTO and argued that these countries are not ..

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US Tariff Wars

While the United States and China are already engaged in a massive trade war which is also impacting other countries, President Trump has attacked the World Trade Organization for refusing to recognize the fact that the nations of India and China are no longer developing nations,? Why is it in the news? The US President ..

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Updates on ongoing US-China Trade Wars

As a fallout of the ongoing US-China trade wars, the data released by the Wall Street Journal has shown that China is no longer the top trading partner of the United States. While China is the world’s foremost manufacturing powerhouse and the world’s second-largest economy, the United States is the financial capital of the world ..

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China: Trade talk with US improving

China and US have been on trade are for the last one year. This affected many countries globally especially in Asia. The conditions are now improving. The Chinese Government recently said that the talks with the US are improving after 9 rounds of consultations. The two sides of the Foreign ministry are now working together ..

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