• About us
  • Columnists
  • Careers
  • Brand Partnerships
  • rightlog is now TFIPOST
TFI Official Merchandise
हिन्दी
Thursday, January 21, 2021
TFIPOST
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Karnataka, Uddhav Tahckeray, Maharashtra, Shiv Sena

    Shiv Sena has not done anything to uphold the Maratha pride but has done everything to hurt the Kannadigas

    Tandav, I&B Ministry, Prakash Javadekar

    I&B Ministry only gave directions to the makers of Tandav to change certain scenes. That’s what lip service looks like

    Netaji Subhash Chandra Bose, PM Modi

    After Patel, PM Modi is all set to resurrect the legacy of Bose, whom congress belittled when he was alive and ignored after he disappeared

    Paul Dhinakaran, IT department

    IT raids at Rich evangelist Paul Dhinakaran’s 28 properties, looks like he is on his way to salvation

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Adani, Total, Reliance

    Adani leads India’s alternate energy revolution as Total SE makes a mammoth $2 Billion investment

    Bengaluru, IT Sector, tech

    Bengaluru leaves behind London and many other European cities to become the leading tech hub

    Indian rice, import

    From Southeast Asia to Europe: The World is hungry for Indian Rice and India is ready to feed them

    stock, Modi, economy

    Indian stock market adds $1.3 trillion in just nine months, thanks to the reforms

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    india indian army ladakh drones

    Amid standoff with China, India puts the Ladakh region under drone surveillance. More Made-In-India drones to follow

    drdo

    For 6 decades DRDO was not up to the mark. Today it is making one missile after another. What really changed

    ghatak drone

    GHATAK- How India’s stealth combat drone programme promises to make it a military superpower

    Turkey, US, Russia

    Turkey may be sanctioned by US for using F-16s as target practice for Russian S-400s

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    UK, India, G7

    Ahead of Biden presidency, UK invites India to G7 summit amid talks of expansion

    India, China, Al-Qaeda

    China stops India from heading Al-Qaeda sanctions committee that would have given it immense leverage over Pakistan

    Africa, India, Chinese, vaccine

    As Africa distrusts the Chinese vaccine, India has the golden opportunity and the perfect resources to expand its soft power

    France, India, EU

    France invites India to join European naval missions in the Persian Gulf, the most important oil route in the world

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • History
    • Indology
    sister nivedita

    Sister Nivedita – The friend of all

    Tanishq

    A stupid Ad and a dumb explanation: What Tanishq lost in last 48 hours?

    Coco island, islands, Nehru

    Nehru’s massive strategic blunder – How Nehru gave Coco Islands to Burma that China later grabbed

    Turkey, Hagia Sophia

    Hagia Sophia is not the only one: Turkey has a shameful history of desecration

    • Culture
    • History
    • Indology
  • Lounge
    • All
    • Books
    • Cinema
    • Food
    • Health
    • Satire
    • Sports
    • technology
    • Travel
    whatsapp signal brian acton

    He was forced to sell WhatsApp to Facebook. Now, he has come back with Signal to dethrone WhatsApp

    fan

    Here’s Why Finding the Right Ceiling Fan is Important

    coolie no. 1

    This is not even about nepotism; Coolie No. 1 remake is plain horrible and a huge insult to Govinda

    ajinkya rahane

    Ajinkya Rahane – One of the best test captains India NEVER had

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
  • Newswire
No Result
View All Result
TFIPOST
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Karnataka, Uddhav Tahckeray, Maharashtra, Shiv Sena

    Shiv Sena has not done anything to uphold the Maratha pride but has done everything to hurt the Kannadigas

    Tandav, I&B Ministry, Prakash Javadekar

    I&B Ministry only gave directions to the makers of Tandav to change certain scenes. That’s what lip service looks like

    Netaji Subhash Chandra Bose, PM Modi

    After Patel, PM Modi is all set to resurrect the legacy of Bose, whom congress belittled when he was alive and ignored after he disappeared

    Paul Dhinakaran, IT department

    IT raids at Rich evangelist Paul Dhinakaran’s 28 properties, looks like he is on his way to salvation

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Adani, Total, Reliance

    Adani leads India’s alternate energy revolution as Total SE makes a mammoth $2 Billion investment

    Bengaluru, IT Sector, tech

    Bengaluru leaves behind London and many other European cities to become the leading tech hub

    Indian rice, import

    From Southeast Asia to Europe: The World is hungry for Indian Rice and India is ready to feed them

    stock, Modi, economy

    Indian stock market adds $1.3 trillion in just nine months, thanks to the reforms

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    india indian army ladakh drones

    Amid standoff with China, India puts the Ladakh region under drone surveillance. More Made-In-India drones to follow

    drdo

    For 6 decades DRDO was not up to the mark. Today it is making one missile after another. What really changed

    ghatak drone

    GHATAK- How India’s stealth combat drone programme promises to make it a military superpower

    Turkey, US, Russia

    Turkey may be sanctioned by US for using F-16s as target practice for Russian S-400s

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    UK, India, G7

    Ahead of Biden presidency, UK invites India to G7 summit amid talks of expansion

    India, China, Al-Qaeda

    China stops India from heading Al-Qaeda sanctions committee that would have given it immense leverage over Pakistan

    Africa, India, Chinese, vaccine

    As Africa distrusts the Chinese vaccine, India has the golden opportunity and the perfect resources to expand its soft power

    France, India, EU

    France invites India to join European naval missions in the Persian Gulf, the most important oil route in the world

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • History
    • Indology
    sister nivedita

    Sister Nivedita – The friend of all

    Tanishq

    A stupid Ad and a dumb explanation: What Tanishq lost in last 48 hours?

    Coco island, islands, Nehru

    Nehru’s massive strategic blunder – How Nehru gave Coco Islands to Burma that China later grabbed

    Turkey, Hagia Sophia

    Hagia Sophia is not the only one: Turkey has a shameful history of desecration

    • Culture
    • History
    • Indology
  • Lounge
    • All
    • Books
    • Cinema
    • Food
    • Health
    • Satire
    • Sports
    • technology
    • Travel
    whatsapp signal brian acton

    He was forced to sell WhatsApp to Facebook. Now, he has come back with Signal to dethrone WhatsApp

    fan

    Here’s Why Finding the Right Ceiling Fan is Important

    coolie no. 1

    This is not even about nepotism; Coolie No. 1 remake is plain horrible and a huge insult to Govinda

    ajinkya rahane

    Ajinkya Rahane – One of the best test captains India NEVER had

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
  • Newswire
No Result
View All Result
TFIPOST
No Result
View All Result
  Newswire
Biden reverses US withdrawal from WHO 2 hours ago
UN chief welcomes US re-entry into Paris Agreement 2 hours ago
‘HC upholding ban on anti-Cow Slaughter Act boost to BJP govt’ 3 hours ago
France’s daily Covid-19 cases hit two-month high 4 hours ago
Biden appoints Jagadesan as acting USIDFC head 4 hours ago
Harris breaks glass ceiling after three women failed 5 hours ago
Next
Prev

US intensifies the trade war as effects become visible on China

Amit Agrahari
by Amit Agrahari
18 September 2018
in Economy
0

Image Courtesy: CNN

451
SHARES
3k
VIEWS
Sharre via FacebookShare via Twitter

United States will impose 10 percent tariff on 200 billion dollars worth of Chinese imports on 24th of September. The tariff will be increased to 25 percent by the end of this year. US administration threatened to impose further tariff on imports worth 267 billion dollar if China retaliated to these tariffs. As of now China and United States both have imposed tariffs on import of goods worth 50 billion dollars. If the retaliatory action continues in both countries then this trade conflict will escalate into full scale war. “We have been very clear about the type of changes that need to be made, and we have given China every opportunity to treat us more fairly. But, so far, China has been unwilling to change its practices,” said Trump in a statement.

(PC: Bloomberg)

The US has a trade deficit of almost 700 billion dollars of which China accounts for almost half. Imposing import tariffs is rebalancing the trade relations of US with countries like China, Japan, Germany, Mexico etc. Trump is vehemently opposed to the current trade relations between America and China because they are heavily skewed in favor of China. In 2016, China was the largest goods trading partner with $578.2 billion in total (two way) goods trade during 2016. Goods exports totaled $115.6 billion; Goods imports totaled $462.6 billion. The U.S. goods trade deficit with China was $347.0 billion in 2016. Trump was opposed to the fact that the Asian economy deliberately keeps the value of its currency low, therefore, making its exports more competitive in the international market. The American manufacturers were losing to Chinese because the labor was cheap there, and goods produced in America have become uncompetitive.

(PC: Bloomberg)

Imposition of tariffs has helped United States to control trade deficit but it has hurt Chinese economy. In the month of April 2018, trade deficit fell 2.1% to USD 46.2 billion after a downward revision for March. The result was better than analysts expected since a consensus forecast called for a 3.4% increase. The deficit with China in goods only, the principal driver of the overall US trade gap, fell 9.8% for the month as US imports from the industrial giant fell USD 4.7 billion to USD 41.9 billion. Americans imported fewer mobile phones and consumer goods as well as passenger cars. However, China is on the losing front due to trade war because its economy is mainly led by exports and investment. According to estimates by UBS Group AG “the initial round of tariffs on $50 billion of imports could lower China’s economic growth by 0.1 percentage point in the first year. If Trump imposes tariffs on a further $100 billion of goods, the drag on growth could be 0.3 to 0.5 percentage point.”

China put a brave face on American tariffs and threatened to retaliate. “China has always emphasized that the only correct way to resolve the Chinese-US trade issue is via talks and consultations held on an equal, sincere and mutually respectful basis. But at this time, everything the United States does, does not give the impression of sincerity or goodwill,” said Foreign Ministry spokesman Geng Shuang.

India stands to benefit from this  trade war in many ways if the country gets its policies right. The trade war will weaken demand outlook which results in fall of commodity prices. If crude oil prices decline, it will be huge benefit for India because it imports more than two third of its oil needs. On the export front, Indian exports will become more competitive due to tariffs on Chinese imports. So, if government makes efforts to take advantage of trade war, India will certainly benefit.

Tags: Chinatrade warUS
Share451TweetSend
Previous Post

RSS sends the message of inclusivity, openness and diversity of thoughts

Next Post

Mamata Banerjee’s ‘One-on-One’ formula for Mahagathbandhan is a recipe for disaster for the Congress party

Amit Agrahari

Amit Agrahari

Engineering grad but Humanities and social sciences are my forte. Avid reader of religious Scriptures (Especially Hindu), Lord Shiva devotee

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

  • Most Read
  • Latest
Xi Jinping, coronavirus, Shinzo Abe, china, Japan, coornavirus, COVID-19, Wuhan Virus

‘Pack up and get out of there,’ Japan to spend $2.2 billion to get Japanese companies to exit China

9 April 2020
ajay devgn karan johar

The man who bullied the Bully – How Ajay Devgn made Karan Johar’s monopoly a joke and forced him to apologize

22 June 2020
Huawei, China, Trump, USA, Xi Jinping

‘Our survival is at stake now,’ Chinese Telecom giant Huawei crumbles after US ban on Semiconductor exports

19 May 2020
T-Series Sonu Nigam Divya Khosla Kumar Bhushan Kumar

T-Series forced to take down Atif Aslam’s video, Divya Khosla trolled. T-Series has a bad day in office

25 June 2020
Karnataka, Uddhav Tahckeray, Maharashtra, Shiv Sena

Shiv Sena has not done anything to uphold the Maratha pride but has done everything to hurt the Kannadigas

20 January 2021
Tandav, I&B Ministry, Prakash Javadekar

I&B Ministry only gave directions to the makers of Tandav to change certain scenes. That’s what lip service looks like

20 January 2021
Netaji Subhash Chandra Bose, PM Modi

After Patel, PM Modi is all set to resurrect the legacy of Bose, whom congress belittled when he was alive and ignored after he disappeared

20 January 2021
Paul Dhinakaran, IT department

IT raids at Rich evangelist Paul Dhinakaran’s 28 properties, looks like he is on his way to salvation

20 January 2021

Popular This Week

Arnab Goswami, Modi, Pulwama Attack
Trending

It was not just Arnab but 1.3 Billion Indians who knew that PM Modi was going to do something “big” after the Pulwama attack

by Sanbeer Singh Ranhotra
18 January 2021
Nidhi Razdan, Harvard, associate professor
Trending

Nidhi Razdan quit NDTV to join Harvard University as Associate Professor. Turns out, it was all fake

by Sanbeer Singh Ranhotra
15 January 2021
whatsapp signal brian acton
technology

He was forced to sell WhatsApp to Facebook. Now, he has come back with Signal to dethrone WhatsApp

by Abhinav Singh
15 January 2021
Imran Khan, Balakot Airstrike, Pakistan, PM Modi
Trending

Imran Khan was trying to “rip into PM Modi”, ended up accepting that IAF bombed the poop out of Pakistan

by Sanbeer Singh Ranhotra
18 January 2021
whatsapp india
Opinions

WhatsApp’s honeymoon period in India is officially over

by Sanbeer Singh Ranhotra
15 January 2021

©2021 TFI Media Private Limited

  • Terms of use
  • Privacy Policy
  • Sitemap
No Result
View All Result
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
  • Newswire
TFI Official Merchandise
हिन्दी
  • About us
  • Columnists
  • Careers
  • Brand Partnerships
  • rightlog is now TFIPOST

©2021 TFI Media Private Limited