x

Like our Facebook Page

   
Early Times Newspaper Jammu, Leading Newspaper Jammu
 
Breaking News :   Father under NIA scanner for Hawala deals, son enjoys 'VIP security' from JKP | Importance of money, women in Saffron Brigade: Gagan Bhagat substantiates Priya Jaral's allegations on top-BJP leaders | Not only security, KPs crave for basic amenities in Valley | Erstwhile Mehbooba led Govt took Nowshera, Sunderbani residents for a ride | Learn to write official letters, Principals, officials of GDCs told | Mass copying during Paramedical exams brings JKPC under scanner | Sajjad Bzaz placed head of IC&KM Deptt of JK Bank | DPS Nagbani holds Hindi Quiz Competition | Alexander Memorial School hosts Inter-School Competition | Models walk on ramp during Silk exhibition | SOS Home for Children organizes drug abuse awareness programme | Inter-block competitions inaugurated under Khelo India | JKIM demands to rename Jammu division | MNP demands releasing of SRO 412 PM Package Recruitment List | 'Good governance is basic need of people' | No salary for sweepers: Cleanliness works affected | AoI appeals Governor to save business | YV Sharma hails victory of Congress party in three States | DPS organizes English recitation competition for prep class | Atharva Foundation visits martyred soldiers' families | Governor urged to probe into large scale back door appointments in CVPP | YHAI team attends national level meeting | Rich and powerful in Kashmir live better life than emperor Jahangir: Governor | Advisor Kumar to meet people at Jammu today | Scam hit J&K PSUs turn into liability for Govt | Jodhamal Public School stages Nukkad Natak | Patwar Association holds election for Srinagar, Mehmood-ur-Rehman is President | Bar Association Jammu conveys heartfelt condolences to family of Late Shyam Sundar | Bodh Raj elected Sarpanch of Surinsar | BJP's 'shock defeat' rattles former MLAs | State cadre looking towards Modi's charisma | LS, Assembly elections in J&K | PIL on Solid Waste Management; CS given presentation by EPG | HC 'satisfied' with wildlife department's regarding Hirpora Wildlife Sanctuary | Udhampur villages crave for proper road connectivity | Watergam MC toilet complex to be demolished for road widening | Govt of India releases Rs 260 cr for 5 New Medical Colleges | Gunfight breaks out in Sopore town | Traffic jams near Prade Ground Park irks passengers | DB issues directives in PIL regarding drug abuse in J&K | Inter-state narco smuggler held with 43 Kg poppy straw | Court awards 10 years rigorous imprisonment in case involving rape with minor | SKUAST-J scientist gets young scientist award | DGP sanctions special reward for wards of Police personnel | DGP visits Leh, takes stock of various issues | KVK organizes training programme | Navin chairs 5th HPC meeting on Languishing Projects | Panthers alone can give strong, credible leadership to Jammu: Harsh | Police solve chain snatching, nab accused | JK Bank RSETI Ganderbal, Kupwara conclude PMEGP training programme | Committee constituted for implementation of JKREGP | Secy exhorts for speedy disposal of pending DMRRR court cases | Srangal chairs maiden review meeting of Horticulture Department | 86 security men, 37 civilians killed in terror incidents in 2018 | Members of OBC join Congress | Director Estates reviews facilities provided to employees by hotels | SMVDU faculty delivers talk at international conference | HC seeks report on framing rehabilitation policy for stone quarry owners | Udhampur: DEO stresses on 100% voter enrolment | Mild Congress wave cause tremors in BJP in polls | State poll verdict unlikely to impact Lok Sabha elections | Pakistan beware: China is the new age British East India Company | Ultimately 'Kattapa' prevailed over 'Bahubali' | Back Issues  
 
news details
Despite enhanced tariffs China exports items to US
8/9/2018 8:39:21 PM
China has witnessed growth in the manufacture of various items and to tone up its economy it has started pushing up export to the US despite the fact that the US President has announced increase in tariffs. China's exports growth unexpectedly accelerated in July despite fresh US tariffs, while its trade surplus with the United States remained near record highs as Beijing and Washington ramped up a bitter dispute that has rattled financial markets. Imports also rose much faster in July thanks to still solid domestic demand, official data showed on Wednesday, with purchases of commodities like copper and iron are rising from June. The headline numbers are the first readings of the overall trade picture for the world's second-largest economy since US duties on $34 billion of Chinese imports came into effect on July 6.
It is not only china is the gainer from its export. The US is also gainer because of the increase in tariffs. China's closely watched surplus with the United States dipped only slightly to $28.09 billion last month from a record $28.97 billion in June. Washington has long criticised China's trade surplus with the United States and has demanded Beijing cut it. Still, disagreements between the two major economic powers run deeper than just the trade balance and tensions remain over market access, intellectual property, technology transfer and investment. The United States and China implemented tariffs on $34 billion worth of each other's goods in July. Since then, Washington and Beijing have raised the stakes by threatening more punitive trade measures in an intensifying dispute that has rattled financial markets worried about the impact on investment and growth.
The two sides have shown no signs of letting up, with the US earlier Wednesday saying it will begin collecting 25 percent tariffs on another $16 billion in Chinese goods on August 23, and Chinese media resorting to personal attacks against Trump earlier in the week the Trump administration announced recently that it would impose 25 per cent tariffs on imports of 279 items from China amounting to USD 16 billion. This is the second tranche of such tariffs and comes into effect on August 23. Washington had already imposed tariffs on USD 34 billion on July 6 but held off on a final USD 16 billion in goods as a result of concerns from US companies. This is part of the US' response to China's "unfair trade practices" related to the forced transfer of American technology and intellectual property, the US Trade Representative (USTR) said. While China is determined to exercise quality control on good that it export to the US to ward off the fears that Chinese goods are sold at cheaper rates. But this quality control is not exercised in Beijing's export to India.
  Share This News with Your Friends on Social Network  
  Comment on this Story  
 
 
 
Early Times Android App
STOCK UPDATE
  
BSE Sensex
NSE Nifty
 
CRICKET UPDATE
 
 
 
 
 
 
 
 
   
Home About Us Top Stories Local News National News Sports News Opinion Editorial ET Cetra Advertise with Us ET E-paper
 
 
J&K RELATED WEBSITES
J&K Govt. Official website
Jammu Kashmir Tourism
JKTDC
Mata Vaishnodevi Shrine Board
Shri Amarnath Ji Shrine Board
Shri Shiv Khori Shrine Board
UTILITY
Train Enquiry
IRCTC
Matavaishnodevi
BSNL
Jammu Kashmir Bank
State Bank of India
PUBLIC INTEREST
Passport Department
Income Tax Department
JK CAMPA
JK GAD
IT Education
Web Site Design Services
EDUCATION
Jammu University
Jammu University Results
JKBOSE
Kashmir University
IGNOU Jammu Center
SMVDU