x

Like our Facebook Page

   
Early Times Newspaper Jammu, Leading Newspaper Jammu
 
Breaking News :   Stop behaving like ‘feudal lord’: Imran Ansari tells Omar Abdullah | Satellite-based toll collection system to replace toll plazas: Nitin Gadkari | MHA extends validity of FCRA registered NGOs | India’s borders totally secure: Rajnath Singh | ‘Govt open to change in Agniveer scheme’ | CS reviews development of skilling portal by BISAG | Leopard snatches 5-year-old girl | Rains lash Kashmir, more in offing | Notification issued for Jammu Lok Sabha seat | 11 injured in Poonch accident | Properties of drug peddler attached | JKBOSE reschedules 11th class exams | Yoga competition held | BLOs imparted Training about electoral process at different assembly segments of Kupwara | SVEEP programme Galvanizes Participation in electoral process at High School Nagulta | Missing girl traced out within 2 days, reunited with family | Police Reunites missing girl with Family | PCCF chairs 8th UT Level Monitoring Committee meeting | Police thwarts bovine smuggling bid, Apprehends Culprits | DEO flags-off SVEEP Van for Voter awareness in Kulgam | Chorus Grows Louder | Hilly, rural areas confronting development deficit under J&K Govt: Sadhotra | Ex-Army Chief VK Singh Sabotaged Revocation Of AFSPA In J-K, Alleges Omar Abdullah | CUK declares Mar-29, 30 as working days for all non-teaching staff | RGCN organizes workshop on Nursing edcuation | Secretary Sports Council Inaugurates Softball/Baseball5 Championship 2023-24 | GDC Vijaypur Starts Lecture Series | GDC Ramnagar conducts programme on Nasha Mukti Se Yuva Shakti | SPMR College Organizes SVEEP Programme Promoting Voter Awareness | Khour Holds Successful Anti-Drug Awareness Programme | Students Rally Against Drug Abuse in Dewan Devi Public School Event | Psychological Support for Young Adults: Lecture at GDC Bishnah | GDC Udhampur organizes awareness programme | Jammu Police started proceedings under section 82 CrPc against a Psa Absconder | Amit chairs meeting in Ladakh | Two persons injured in scuffle in Bemina Srinagar | 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