After 18 months of barbs and sanctions, the two economic powerhouses of the world, the United States and China have signed the Phase I of the trade deal on Wednesday, 15th January 2020 that have bought a long-anticipated relief for manufacturers of both the countries and to the rising economic slowdown globally. The agreement which ..
US-China Trade War: GK, Current Affairs, Questions, Trivia and News
According to the semi-annual report on Macroeconomics and Foreign Exchange Policies published by the United States Treasury Department on Monday 13th January 2020, United States has dropped its charges of designating China as a currency manipulator as no major US trading partner was reported as currency manipulator in the report which came less than 48 ..
To sign phase one of the US-China trade deal, on Monday, 13th January 2020 a Chinese delegation led by the Vice Premier of China, Liu He, who headed the Chinese negotiation team during the US-China trade talks embarked on a visit to Washington were the long-awaited deal is scheduled to be signed between the President ..
The American economist, Peter Navarro who is currently serving as the trade adviser to the US President has suggested on Monday, 30th December 2019 that a trade deal is likely to be signed between the US and China during the upcoming week. Earlier this month the White House has signaled that a trade deal with ..
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 ..
The US has declared that China as a currency manipulator. The move could further fuel the ongoing trade war between the two countries. The US has alleged that China’s Central Bank is pushing for depreciation of Yuan as retaliation for new US tariffs. Why China is called Currency Manipulator? It has been alleged that People’s ..
The report from the Ministry of Commerce and Industries provides insights about the opportunities for India from the US-China trade war: The ongoing US-China trade provides a big window of opportunity to India for enhancing its exports for both of these nations. The ongoing US-China trade offers an opportunity to India for boosting exports of ..
India has wonderful opportunities to gain from the ongoing trade war between the US and China. But the structural challenges are blocking India from fully capitalising from these opportunities. Structural Challenges India lags in competitiveness. With the rank of 58, India still ranks below China (28) in the World Economic Forum’s Global Competitiveness Rankings for ..