In a significant escalation of the ongoing trade dispute between the United States and China, Chinese airlines have ceased accepting deliveries of Boeing aircraft. This development follows the imposition of steep tariffs by both nations, with the U.S. levying a 145% tariff on Chinese imports and China retaliating with a 125% tariff on U.S. goods, including aircraft. The suspension of deliveries has led Boeing to consider alternative markets for its aircraft. With approximately 50

Nvidia, the crown jewel of Wall Street's artificial intelligence boom, suffered a staggering market loss this week, shedding nearly 7% of its value — over $148 billion in market capitalization — following the U.S. government's renewed crackdown on advanced chip exports to China. The dramatic sell-off marks one of the most severe single-day hits for the tech giant and signals growing fragility in the semiconductor sector amid intensifying geopolitical tensions. The immediat

 China has indicated a willingness to address India’s rising concerns over a ballooning trade deficit that is projected to touch a record $100 billion in the financial year 2024–25. This development comes as China seeks to offset its economic challenges amid intensifying trade friction with the United States. People familiar with the situation have said that Beijing has informally conveyed its openness to increasing imports from India by reducing tariff and non-tariff barriers,

  In a major escalation of the ongoing trade conflict between the United States and China, Beijing has announced a significant hike in tariffs on American goods, raising import duties from 84% to 125%. The move, confirmed by the Chinese finance ministry on Friday, is a direct response to recent tariff increases imposed by the U.S. administration. It marks one of the most severe retaliatory actions taken by China in the prolonged dispute that has gripped global markets and resha

As the holiday season approaches, the traditional hustle and bustle inside China’s Christmas product factories is strikingly absent this year. Long the workshop of the world when it comes to festive goods—from plastic pine trees to twinkling LED lights—these factories now face grim prospects due to the United States’ sudden and steep import tariffs. President Donald Trump’s recent escalation of trade tensions, with a 104% tariff slapped on Chinese imports, has effec

In a dramatic reversal that sent shockwaves through global financial markets, U.S. President Donald Trump announced a pause on newly implemented tariffs targeting dozens of countries. The unexpected move came less than a day after his sweeping tariff measures went into effect, causing major disruption across world markets and triggering one of the most volatile trading periods since the height of the COVID-19 pandemic. The tariff freeze, which offered some temporary relief to ratt

China has issued a stern warning in response to former President Donald Trump’s latest tariff threat, pledging to fight back with equal force if the United States raises duties on Chinese goods to a staggering 104%. The Chinese Commerce Ministry declared it would “resolutely” take all necessary countermeasures to defend the country’s economic interests, reinforcing its position that any trade war escalation would be met with firm resistance. Trump announced o

China has welcomed Prime Minister Narendra Modi’s recent remarks advocating dialogue over discord in India-China relations, calling them "positive" and a step toward strengthening diplomatic ties. Beijing emphasized that cooperation between the two Asian giants — likened to the 'Dragon-Elephant Dance' — is the most effective path to shared success. In a statement on Monday, Chinese Foreign Ministry spokesperson Mao Ning highlighted that both sides have acti

The fate of TikTok in the United States has taken a new turn as US President Donald Trump confirmed that his administration is actively engaged in talks with four potential buyers over the sale of the popular video-sharing platform. The news follows heightened concerns over TikTok’s data security risks and its ties to its Chinese parent company, ByteDance. Speaking to reporters, Donald Trump stated, "We're dealing with four different groups, and a lot of people want it ... all

China has announced a 7.2% increase in its defence budget for 2024, raising military spending to $249 billion as the country continues its aggressive modernization efforts amid escalating regional tensions. The budget, which was revealed in a draft report submitted to the National People's Congress (NPC) by Premier Li Qiang, underscores China’s strategic focus on military expansion in the Taiwan Strait, South China Sea, and its border with India. This increase follows China’s

The latest round of tariff hikes by US President Donald Trump has triggered immediate countermeasures from Canada, China, and Mexico, escalating tensions in global trade. Beginning Tuesday, the US is imposing a 25% tariff on imports from Mexico and Canada while also raising tariffs on all Chinese imports from 10% to 20%. In response, these nations have announced their own economic retaliations, signaling a sharp rise in trade disputes.Canadian Prime Minister Justin Trudeau and Chinese officia

In February 2025, US President Donald Trump’s announcement of a 30-day pause on tariffs against Mexico and Canada brought a brief sense of relief to global markets. The decision helped prevent a potential escalation of a full-blown trade war, with US equity futures and international markets responding positively. However, concerns linger about the long-term effects of tariffs on industries such as automotive, semiconductor, consumer goods, e-commerce, and green energy.  

Overview of China’s Technological Progress and India’s Struggles In the first paragraph, Nithin Kamath highlights the significant technological progress made by China, particularly in AI with startups like DeepSeek. Kamath draws a historical comparison between China and India’s development, noting that both countries had similar per-capita GDP in the 1960s and 7

India and China recently concluded a two-day foreign secretary-level meeting where several important decisions were made, marking a step toward stabilizing and rebuilding bilateral relations. The most significant outcome was the agreement to resume the Kailash-Mansarovar yatra during the summer, which has been suspended since 2020 due to the COVID-19 pandemic. The resumption of this sacred pilgrimage to Mount Kailash and Mansarovar lake in Tibet is expected to ease tensions and foster people-

Impact of China’s Export Restrictions on Indian Manufacturing: India’s manufacturing industry is facing significant disruptions due to China’s export restrictions, which are part of the ongoing trade tensions between the United States and China. These curbs primarily affect industries in India that rely on raw materials, machinery, and components from China, such as the solar po

Expansion of China's Trade-In Scheme China is extending its consumer trade-in program, originally launched in March 2024, to help stimulate demand in the struggling household sector. The scheme now includes additional home appliances such as microwave ovens, dishwashers, and rice cookers. In an effort to boost the digital goods market, subsidies are also being offered for products like smartphones, tablets, and smartwatches. Consumers who trade in old products can receive subsidies

On December 13, 2024, the United States and China signed a bilateral science and technology agreement, revising a 45-year-old pact. However, this new agreement limits research collaboration and narrows the scope of topics allowed for joint study, reflecting heightened concerns over international research security. Governments worldwide, including the U.S., European Union, Canada, and Japan, have introduced stricter measures to safeguard sensitive scientific data from foreign interference, esp

India's government is investigating rising steel imports, particularly in two categories of flat-rolled steel products (HS 7208 and 7210), which account for over 75% of the surge in imports. Instead of implementing global safeguards, experts suggest that India should focus on Free Trade Agreement (FTA)-specific safeguards and measures targeting China. Many imports come duty-free under FTAs with coun

2024 has been officially declared the hottest year in China’s history, with the national average temperature reaching 10.92°C (51.66°F), according to the China Meteorological Administration. This marks the fourth consecutive year of record-breaking heat in the country. The year witnessed the hottest month, July, along with the warmest August and autumn season on record. Global temperature records were also shattered, with the United Nations confirming that 2024 was set to be the

In his New Year's Eve address, Chinese President Xi Jinping reiterated his stance on Taiwan, declaring that "no one can stop the reunification" of Taiwan with mainland China. This declaration comes amidst heightened tensions, as Beijing has intensified military pressure on the island through numerous air force and naval drills in recent years. Taiwan, a democratic nation, stands in contrast to China’s communist government, with Beijing viewing Taiwan as an integral part of