Trade War Current Affairs - 2020

India notifies higher tariffs on 29 items imported from US

India has notified higher tariffs on 29 items imported from United States (US). This is was in retaliation against US announcement imposing tariffs on steel and aluminium items — 25% and 10% respectively — imported from all countries except Canada and Mexico in March 2018 to compensate from loss of revenue. Key Facts The 29 Read More…

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China imposes additional duties on US $50 billion worth of American products

China in tit-for-tat action has imposed additional tariffs and duties on $50-billion worth of American products. It comes after US President Donald Trump slapped stiff 25% tariff on Chinese goods worth similar amount. This has triggered full-fledged trade war between world’s two largest economies. Key Facts The decision was taken in line with relevant stipulations Read More…

India drags US to WTO over imposition of duties

India has dragged United States (US) to World Trade Organisation’s (WTO) Dispute Settlement Mechanism over imposition of import duties on steel and aluminium. India stated that decision will of imposition of import duties impact its exports of these products to US and is not in compliance with global trade norms. Key Facts India has sought Read More…