Feed aggregator

How US-China tariffs reached sky-high levels

Business News - 2 hours 10 min ago
Talks planned this weekend between US and Chinese officials in Switzerland are a culmination of more than three months of dizzying rounds of retaliatory tariffs between the two countries that have crippled each other's exporters and dragged on their economies. Washington and Beijing are entering talks with tariffs on each other's goods at an all-time high. US duties on Chinese imports stand at 145%, while China's retaliatory tariffs on US goods have reached 125%. US President Donald Trump said he believed the talks could bring tangible progress, and that he was open to lowering the tariffs substantially if Beijing made concessions. China, however, has reiterated calls for Washington to cancel the tariffs ahead of the talks. Here is a play-by-play of how US and Chinese tariffs have reached such sky-high levels since the beginning of Trump's second term in office: Feb 1, 2025 - Trump signs an executive order imposing 10% tariffs on China, as well as 25% duties on Mexico and Canada. He later announces a 30-day reprieve on the Mexican and Canadian tariffs. Feb 4 - The 10% tariffs on all Chinese imports to the U.S. come into effect. China retaliates the same day by announcing a flurry of countermeasures, including duties on American coal, liquefied natural gas and agricultural machinery. March 4 - Trump imposes additional 10% tariffs on all Chinese goods, bringing the total level of duties to 20%. China responds with tariffs of up to 15% on imports of key U.S. farm products including chicken, pork, soy and beef, and expanded controls on doing business with key U.S. companies. March 10- Chinese tariffs and measures announced on March 4 go into effect. April 2- On Trump's so-called tariff "Liberation Day," he announces additional 34% duties on all Chinese imports, alongside tariffs on goods from countries around the world. The sweeping tariffs are to come into effect April 9. April 4 - China fights back by imposing 34% tariffs on all US goods, effective April 10, as well as other retaliatory measures including more export controls on rare earth minerals. China also suspends imports of sorghum, poultry and bonemeal from several US companies, adds 27 firms to lists of companies facing trade restrictions, and starts an anti-monopoly probe into DuPont China Group, a subsidiary of the US company DuPont. April 7- Trump threatens China with additional 50% tariffs if it doesn't roll back its 34% reciprocal tariffs. April 9 - Trump's "Liberation Day" tariffs come into effect. The US raises tariffs on China even higher than previously announced, to 104%. Beijing retaliates with duties of 84% on US goods, effective April 10. Trump further raises tariffs on all Chinese goods to 145%, effective immediately. April 11 - China raises its tariffs on all U.S. goods to 125%, effective April 12. Beijing says it would not raise the duties any further. May 6 - The Trump administration announces that Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer will meet with their Chinese counterparts in Geneva. China will be represented at the talks by Vice Premier He Lifeng.
Categories: Business News

Patna News: आज से शुरू होगा 38 जिलों के राजनीतिक दलों के BLA-2 का प्रशिक्षण, 8 चरणों में होगी ट्रेनिंग

Dainik Jagran - 3 hours 14 min ago

राज्य ब्यूरो, पटना। बिहार विधानसभा चुनाव को लेकर मान्यता प्राप्त राष्ट्रीय एवं राज्य स्तरीय राजनीतिक दलों की भागीदारी सुनिश्चित करने के लिए शनिवार से पटना में बीएलए-2 का प्रशिक्षण दिया जाएगा। मुख्य निर्वाचन अधिकारी कार्यालय की ओर से यह प्रशिक्षण जगजीवन राम संसदीय अध्ययन एवं राजनीतिक शोध संस्थान, सरदार पटेल मार्ग (मैंगल्स रोड) पटना में होगी। इसके लिए मास्टर ट्रेनरों की तैनाती की गई है।

प्रशिक्षण आठ चरणों में होगा। पहले चरण में शनिवार को पश्चिम चंपारण, पूर्वी चंपारण, शिवहर एवं सीतामढ़ी जिले को बीएलए-2 को प्रशिक्षण दिया जाएगा।

सीईओ कार्यालय द्वारा जारी कार्यक्रम के अनुसार दूसरे चरण में 13 मई को मुजफ्फरपुर, वैशाली एवं मधुबनी जिले, तीसरे चरण में 15 मई को दरभंगा, समस्तीपुर, अररिया, किशनगंज, चौथे चरण में 17 मई को पूर्णिया, कटिहार, सुपौल, मधेपुरा, सहरसा, गोपालगंज जिले का होगा।

पांचवें चरण में 19 मई को सिवान, सारण, भागलपुर, बांका जिला, छठे चरण में 21 मई को बेगूसराय, खगड़िया, मुंगेर, लखीसराय, शेखपुरा, जमुई एवं नालंदा जिला। सातवें चरण में 23 मई को पटना, भोजपुर, बक्सर, कैमूर एवं रोहतास जिला और अंतिम चरण 24 मई को अरवल, जहानाबाद, औरंगाबाद, गया व नवादा जिला के बीएलए-2 को प्रशिक्षण दिया जाएगा।

ये भी पढ़ें

Bihar Election 2025: नीतीश कुमार ने शहरी वोटरों के लिए बनाई नई रणनीति, मंत्रियों को दी अहम जिम्मेदारी

Bihar Politics: कांग्रेस में डॉ. अखिलेश प्रसाद सिंह का बढ़ा कद, अब मिली एक और बड़ी जिम्मेदारी

Categories: Bihar News

India Pakistan Tension: बिहार में छुट्टियों से बॉर्डर पर लौटने लगे फौजी, रेलवे को मिला स्पेशल डायरेक्शन

Dainik Jagran - 3 hours 44 min ago

जागरण संवाददाता, पटना। Patna News: भारत-पाकिस्तान के बीच तनाव को देखते हुए देश की सीमा पर तैनात फौजियों की छुट्टियां रद कर दी गई हैं। ऐसे में वे वापस लौटने लगे हैं। इस क्रम में बिहार ही नहीं पूर्वी क्षेत्र के रहने वाले तमाम फौजी भाई देश की सेवा के लिए विभिन्न ट्रेनों से लौटने लगे हैं। रेलवे की ओर से सभी ट्रेन टिकट निरीक्षकों को स्पष्ट निर्देश दिया गया है कि फौजी भाइयों को पहले बर्थ उपलब्ध कराएं।

किसी कारणवश उन्हें बर्थ नहीं मिल पा रहा है तो उनके बैठने की व्यवस्था कराएं ताकि वे आराम से देश की सरहद की रक्षा के लिए जाएं। पटना जंक्शन व पाटलिपुत्र स्टेशन से गुजरने वाली ब्रह्मपुत्र मेल, पूर्वा एक्सप्रेस, विक्रमशिला एक्सप्रेस, संपूर्ण क्रांति एक्सप्रेस, तेजर राजधानी, नार्थ ईस्ट एक्सप्रेस, सीमांचल एक्सप्रेस, गुवाहाटी राजधानी एक्सप्रेस, पंजाब मेल में फौजियों की भीड़ देखी जा रही है।

इसके अलावा अर्चना एक्सप्रेस, हिमगिरी एक्सप्रेस, श्रमजीवी एक्सप्रेस समेत कई ट्रेनों से दिल्ली, पंजाब के विभिन्न शहरों, जम्मू-कश्मीर, गुवाहाटी समेत पूर्वोत्तर क्षेत्रों में, राजस्थान के शहरों के लिए फौजियों का जाना शुरू हो गया है।

पाकिस्तान के ड्रोन को नाकाम कर रही भारतीय सेना

भारतीय सेना ने पाकिस्तान के द्वारा लगातार किए जा रहे ड्रोन हमलों को नष्ट कर रहे हैं। सेना ने एक्स पर पोस्ट शेयर करते हुए बताया कि सुबह 5 बजे के आसपास पाकिस्तान पश्चिमी सीमा से सटे कई इलाकों में ड्रोन हमले करने की कोशिश की थी, जिसे नाकाम कर दिया गया है।

ये भी पढ़ें

भारत-पाक तनाव के बीच बिहार सरकार ने 4 विभागों की छुट्टियां की रद, अपनी पोस्ट पर तैनात रहेंगे पुलिस अधिकारी

India Pakistan News: युद्ध के समय आप भी कर सकते हैं देश की सेवा, भारत-पाक तनाव के बीच सरकार का बड़ा फैसला

Categories: Bihar News

Global stocks, Bitcoin rally on renewed trade deal hopes

Business News - 3 hours 56 min ago
World stocks hovered near their highest levels in six weeks on Friday after a U.S. trade deal with Britain fueled guarded optimism for progress in tariff talks with other countries. India on Friday offered to slash its tariff gap with the U.S. to less than 4% from nearly 13% now, in exchange for an exemption from President Donald Trump's "current and potential" tariff hikes, Reuters reports, as both nations move fast to clinch a deal. MSCI's broadest index of world shares gained 0.14%, and remains above levels seen before Trump's 'Liberation Day' global tariff announcements. Germany's Dax stock index hit a record high, while U.S. stock futures pointed to firm gains on Wall Street "The deal between the U.S. and UK was more style over substance," said Kyle Rodda, a senior financial markets analyst at Capital.com. The "general terms" agreement leaves in place a 10% tariff on goods imported from the UK but lowers prohibitive U.S. duties on UK car exports. Britain agreed to lower its tariffs to 1.8% from 5.1% and provide greater access to U.S. goods. "However, it feeds the narrative that the U.S. is looking to bang out rapid-fire trade deals and reduce tariffs - at the margins - and other trade barriers," Rodda said. Trump pushed back against seeing the UK deal as a template for other negotiations, perhaps, including those due Saturday when U.S. Treasury Secretary Scott Bessent and chief trade negotiator Jamieson Greer will meet China's economic tsar He Lifeng in Switzerland. European stock markets were broadly higher, with the pan-European STOXX 600 index up 0.5%. An investor rush from safe assets such as government bonds into riskier ones such as stocks might mean markets are getting ahead of themselves on optimism, said James Rossiter, head of global macro strategy at TD Securities. "The trade deal isn't really a trade deal. It's an agreement on a few narrow topics. Still, it shows there is a degree of movement and that some tariffs could be mitigated," said Rossiter. Even so, he added, "tariffs are not going away." Reaction to the UK trade agreement and the optimistic trade figures that emerged yesterday from China have pushed markets higher temporarily, but "the fundamentals behind what markets are seeing are not as robust," said Rossiter. Outflows from U.S. stocks continued for a fourth straight week in the week to Wednesday, BofA Global Research said in a note on Friday, while investors bought international stocks, led by inflows to Europe. Safe haven German Bund prices fell on Friday, driving yields 6 basis points higher to 2.58%, as investors dropped their bonds for assets with higher returns. U.S. 10-year Treasury yields were up 1.3 bps at 4.39% . Bitcoin soared to the highest since January, when it hit record highs. Brent crude added almost 2% to $64 per barrel, following Thursday's 2.8% rally. U.S. crude rallied 2% to $61.17 per barrel, also building on the previous day's surge. Standard Chartered's Geoffrey Kendrick no longer sees risk sentiment as the main driver for bitcoin. "It is now all about flows, and flows are coming in many forms," said Kendrick, the bank's global head of digital assets research, pointing to an influx of cash into bitcoin ETFs, as well as buying by so-called whales. Shares of crypto exchange Coinbase Global rose over 5% on Thursday after it announced $2.9 bln deal to buy crypto option exchange Deribit. Shares fell on Friday morning 1.1% after a lower first quarter profit report. The U.S. dollar index, which measures the currency against six major peers, edged away yesterday's one-month peak and was last down around 0.3%. The euro rose from one-month troughs and was last trading 0.2% firmer at $1.1251, and sterling gained 0.3% to $1.3281. Mainland China blue chips closed down 0.2%, while Hong Kong's Hang Seng ended 0.4% higher. Japan's Nikkei soared 1.6% and Taiwan's equity benchmark advanced 1.8%, with technology shares the strongest performing sector.
Categories: Business News

US Stocks end flat as investors await US-China trade talks

Business News - 4 hours 1 min ago
U.S. stocks ended the week on a quiet note on Friday after oscillating between slight gains and declines, as investors gauged President Donald Trump's comments on Chinese tariffs ahead of weekend trade talks between the two countries. Wall Street's main indexes finished slightly lower for the week. Trump said Beijing should open its market to the U.S. and that setting 80% tariffs on Chinese goods "seems right." The comments marked his first specific suggestion in a change for the levies, currently at 145%. Representatives from the two economic powerhouses are to meet in Switzerland over the weekend to discuss tariffs. Investors hope it will mark a first step toward ratcheting down a trade war that has sparked concerns over global economic growth and resurgent inflation. "China is the main focus, and that is the one where the consequences are largest because of long-term trade practices that really need to be improved," said Russell Price, chief economist at Ameriprise in Troy, Michigan. "It could go either way, because at least they're in the same room together. So regardless of whether we see that as just to get to know you a little bit better or to make some progress on an actual deal remains to be seen, but it could go either way." While many saw the discussions this weekend as being of a more preliminary nature, Trump said on Thursday he expects substantive talks. The Dow Jones Industrial Average fell 119.07 points, or 0.29%, to 41,249.38, the S&P 500 lost 4.03 points, or 0.07%, to 5,659.91 and the Nasdaq Composite gained 0.78 points, or flat, to 17,928.92. For the week, the S&P 500 fell 0.47%, the Nasdaq declined 0.27%, and the Dow fell 0.16%. Markets have been volatile since Trump first announced a slew of tariffs on countries around the globe on April 2, but stocks have rebounded to near levels seen just before the duties were announced, in part due to solid corporate earnings. Of the 450 S&P 500 companies that reported earnings through Friday morning, about 76% topped analyst expectations. But many have also cut or withdrawn their forecasts due to the uncertain trade environment. On Thursday, Wall Street's main indexes closed higher as investors cheered a trade deal struck between Britain and the U.S., the first of its kind since Trump announced a 90-day pause to his tariffs. However, a 10% baseline tariff on goods imported from the UK into the U.S. remained in place. Reuters reported India had offered to slash its tariff gap with the U.S. to less than 4% from nearly 13% now, in exchange for an exemption from Trump's tariffs, according to sources. Energy climbed 1.1% and led gains among the 11 S&P 500 sectors as oil prices rose on optimism ahead of the talks while healthcare fell 1.1% as the worst performer on the session. Days after the Federal Reserve left interest rates unchanged, Fed policymakers on Friday pointed to increasing economic risks from Trump's tariffs, echoing comments from Chair Jerome Powell at the meeting earlier this week. Expedia slumped 7.3% after the online travel platform missed quarterly revenue estimates. Advancing issues outnumbered decliners by a 1.35-to-1 ratio on the NYSE while declining issues outnumbered advancers by a 1.06-to-1 ratio on the Nasdaq. The S&P 500 posted six new 52-week highs and three new lows while the Nasdaq Composite recorded 53 new highs and 97 new lows. Volume on U.S. exchanges was 16.03 billion shares, compared with the 16.47 billion average for the full session over the last 20 trading days.
Categories: Business News

Pages

Subscribe to Bihar Chamber of Commerce & Industries aggregator

  Udhyog Mitra, Bihar   Trade Mark Registration   Bihar : Facts & Views   Trade Fair  


  Invest Bihar