Tariffs 'hurt multilateral trade and world economic order,' says China
Wednesday, 23 April 2025 President Xi Jinping has criticized tariffs. He said that tariffs undermine the global economic order. This statement comes amid tensions between China and the United States. Earlier, Donald Trump imposed tariffs on Chinese imports. China retaliated with duties on American goods. China opposes deals at its expense. Foreign Minister Wang Yi urged the UK and EU to defend multilateral trade.
President Trump spoke to China's Xi about the ongoing tariff battle, claiming both nations are in an escalating tit-for-tat trade war. While China has denied formal negotiations, Trump is confident that a deal is imminent in the coming weeks. He indicated a "number" that would make China comfortable,...
On May 19, the UK and EU signed a pivotal trade deal aimed at slashing post-Brexit barriers in food, drink, and small business exports. UK-EU trade has suffered since Brexit, with UK exports to the EU..
Donald Trump has claimed that India is ready to eliminate 100% tariffs on US goods, calling it a major breakthrough. However, India’s external affairs minister S. Jaishankar countered, saying trade..
In April 2023, China experienced a staggering drop in new bank loans, issuing just 718.8 billion yuan—a shocking plunge from March's 3.89 trillion yuan. This 80% decline highlights serious..
IMF Managing Director Kristalina Georgieva said on Thursday that economies were being tested by a reboot of the global trading system, sparked in recent months... DNA
Kenyan President William Ruto is strengthening ties with China, amidst trade tensions between Washington and Beijing. Ruto, on a five-day visit to China, seeks... IndiaTimes
US President Donald Trump has announced sweeping new tariffs on all imports, starting with a universal 10% baseline and steeper rates of up to 50% for certain... IndiaTimes
Wednesday, 23 April 2025
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