Five WTO nations allege India provides excessive market support to wheat, rice
Monday, 11 November 2024 Five WTO members have accused India of exceeding market support for wheat and rice, potentially distorting global trade. They claim India's support for rice production has surpassed 87% of its value, exceeding the agreed-upon limits. India defends its actions, stating its commitment to domestic support requirements and the need to address food security concerns.
China has accused the US of pursuing “two-faced” policies, slamming Washington for imposing tariffs despite Beijing’s efforts to cooperate on global issues. Chinese Foreign Minister Wang Yi warned that China will “resolutely counter” pressure as tensions escalate. In response, China has imposed its own tariffs on US goods and taken the dispute to the WTO. The trade war, which began in 2018 under Trump, continues to disrupt global markets. Beijing insists it won’t tolerate suppression while Washington cites concerns over trade imbalances and fentanyl flows.
#China #USChinaRelations #TradeWar #Tariffs #Sanctions #USChinaTensions #WTO #EconomicWar #FentanylCrisis #TrumpTariffs #TechWar #TradeDispute #Washington #Beijing #USSanctions #ChinaRetaliation #BreakingNews #GlobalMarkets #EconomicPolicy #SupplyChain
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Hong Kong is up in arms after the U.S., under Trump’s trade policies, imposed a 10% tariff on its exports—treating the region just like mainland China! Officials are calling it a direct attack on "One Country, Two Systems," as goods from Hong Kong are now forced to bear a "Made in China" label. With Hong Kong preparing to challenge the move at the WTO, the trade war is heating up once again! Will this push Hong Kong further into Beijing’s grip?
#HongKong #USChinaTradeWar #TrumpTariffs #MadeInChina #OneCountryTwoSystems #TradeWar #Geopolitics #WTO #HongKongTrade #BreakingNews
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There's a range of options for the EU to open trans-Atlantic negotiations to persuade US President Donald Trump not to slap harmful tariffs on EU goods, the former EU trade commissioner and WTO chief told Euronews.
Credit: euronews (in English) Duration: 12:00Published
China has announced tariffs ranging from 15% to 25% on US imports, including coal, LNG, and crude oil, in response to Donald Trump’s trade measures. The Chinese Ministry of Commerce condemned the US's unilateral tariff hike, calling it a violation of WTO rules. Meanwhile, China’s market regulators have launched an antitrust investigation into Google, adding further tension. As Trump's 10% tariff takes effect, Beijing warns of additional countermeasures, emphasizing that no one wins in a trade war. The standoff escalates global economic uncertainty amid diplomatic strains.
#China #Trump #TradeWar #Tariffs #USChinaRelations #EconomicTensions #Imports #Exports #WTO #GlobalTrade #DonaldTrump #XiJinping #USPolitics #ChinaEconomy #Sanctions #BusinessNews #BreakingNews #USImports #OilPrices #TradeConflict #Peripheral
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