Trade war: Current Affairs, GK & News - 2020-2021

US to impose Sanctions on China over its Hong Kong Law

Published: June 27, 2020

On June 26, 2020, the US Senate approved the bill unanimously to impose sanctions on individuals and business that are undermining the autonomy of Hong Kong. What is the issue? China recently imposed a strict National Security Law on Hong Kong. According to the law, China took over the defence and external affairs of Hong ..

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US joins G7 partnership on Artificial Intelligence

Published: May 29, 2020

The Leaders of Group of the seven wealthiest countries in the world had set up Global Partnership on Artificial Intelligence. Highlights The United States was not a part of the partnership initially. However, US is now joining the group to counter Chinese dominance in shaping international standards on surveillance and facial recognition at the United ..

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COP25 cancelled

Published: November 1, 2019

On October 30, 2019, the Chile Government cancelled the Asia-Pacific Economic Cooperation (APEC) summit and the COP25 conference due to the ongoing protests in the country. The country’s president in a press meet said that the ongoing violent protests have plagued the country for weeks and it is currently not in a situation to hold ..

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US widens trade war with European states; Indian Sensex dips 200 points

Published: October 4, 2019

The US imposed tariffs on 7.5 billion USD worth European exports. The WTO had earlier ruled that US could target goods from EU nations as they had failed to comply ruling regarding subsidies for Airbus. The US had imposed tariff on 25 billion USD worth goods of European items. They were mainly on Airbus production ..

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Boosting Private Investment

Published: July 13, 2019

The budget 2019-20 has reduced the corporate tax rate (CTR) from 30 per cent to 25 per cent for all firms with a turnover of Rs 400 crore. This would cover about 99.3 per cent of all firms in India. OECD Data on Corporate Tax across 100 Economies India has one of the highest corporate ..

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