The U.S.-driven trade war has become the biggest “confidence killer” for the global economy, China’s foreign ministry warned on Wednesday, saying the whole world would fight back if the United States continued to be “wilful”.
Foreigners withdrew money from Asian bond markets for the third consecutive month in June amid concerns that increasing trade frictions between the United States and China will disrupt the region’s economic growth.
A team of officials from India has gone to America for talks with the US administration over 25 percent tariff it has imposed on steel imports, an official said.
China will levy extra tariffs on out-of-quota sugar imports from all origins starting from Aug. 1, the Commerce Ministry said on Monday, just over a year after introducing hefty penalties on top growers including Brazil and Thailand.
Total global corporate funding in the solar sector touched USD 5.3 billion in the first half of this year, up 15 per cent over last year, amid uncertainty in the industry owing to Trump tariffs and the Chinese subsidy pullback, global consulting firm Mercom Capital Group said.
Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.
Solar tariffs have again dipped to a low of Rs 2.44 per unit for a third time after it had jumped by more than a rupee in a recent bid.
Union Steel Minister Chaudhary Birender Singh today said the 25 per cent tariff imposed by the US on steel import can 'indirectly' affect the domestic sector.
Chinese imports to U.S. ports rose more than expected in June, suggesting that some retailers moved up orders to insulate themselves from an intensifying trade war that threatens to send up costs on a growing number of consumer products.
World stocks rose for a second consecutive week on Friday as investors prepared for an expected run of strong earnings in the United States, although fears about the U.S.-China trade conflict kept gains in check and pushed the dollar higher.