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China imposes retaliatory tariff on US goods, India puts on hold similar decision taken earlier

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China imposes retaliatory tariff on US goods, India puts on hold similar decision taken earlier

China on Tuesday announced a tariff hike on $60 billion of US products in response to President Donald Trump’s latest duty increase in a dispute over Beijing’s technology policy.

The Trump administration announced the tariffs on some 5,000 Chinese-made goods will start at 10 percent, beginning Monday. They are to rise to 25 per cent on January 1.

China’s move comes even as an American business group warned that a “downward spiral” in their conflict appeared certain following Trump’s penalties on $200 billion of Chinese goods.

The Chinese Finance Ministry said it was going ahead with plans announced in August for the increases of 10 per cent and 5 per cent on 5,207 types of US goods, reported news agency AP. A list released last month included coffee, honey and industrial chemicals.

The increase is aimed at curbing “trade friction” and the “unilateralism and protectionism of the United States,” the ministry said on its website. It appealed for “pragmatic dialogue” to “jointly safeguard the principle of free trade and the multilateral trading system.”

The latest moves mark a new phase in the escalating US-China trade war. The US had earlier imposed tariffs on nearly $50 billion (₹3.6 trillion) on Chinese goods, which China has also matched. Led by US President Donald Trump’s protectionist policies, the punitive trade measures are aimed at pressuring China to halt what it terms “predatory” and “unfair” trading practices. It has also accused China of stealing US technological knowhow from American companies in exchange for allowing access to the vast Chinese market.

India to wait and watch

While India has also been subject to US tariffs of 25% on steel and 10% on aluminium exports, it has reportedly decided to postpone levying its own set of retaliatory tariffs on certain US goods it had planned earlier this year, said a report in Business Insider.

According to an Economic Times report, the US has granted a conditional waiver to India on imposing the steel and aluminium tariffs by exempting a certain percentage of these imports from tariffs.

India has been seeking a complete waiver and had indicated in June that it would in turn impose levies on 29 American goods and products including apples, walnuts and almonds.

However, it now appears, India is keen on averting a trade war with the US and will now evaluate its tariffs plans on US imports in November, the Business Insider report said.

India also recently entered into a strategic partnership with the US, signing a key communications agreement that would help the two countries better coordinate military exercises in the region and gain access to certain US defence technology.

But India is not immune from the consequences of the China and US trade war, which has already battered Asian stock markets with experts worrying about a long-term economic slowdown that could have a domino effect on emerging markets including India. In recent weeks, the Indian stocks markets have remained volatile with the Indian rupee plunging to its worst value compared to the US dollar.

In July, a parliamentary panel in India warned of Chinese exporters dumping products into India with devastating consequences on Indian manufacturers, and a widening trade deficit with China.

Football news

Cristiano Ronaldo announces retirement from international football

Cristiano Ronaldo has announced his retirement from international football, bringing an end to his 23-year career with Portugal after 234 appearances and 146 goals.

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Cristiano Ronaldo

Cristiano Ronaldo has announced his retirement from international football, bringing his 23-year career with Portugal towards an end.

The 41-year-old Portugal captain said he would hand back the No. 7 shirt of the national team after the November international break. Ronaldo made the announcement in a video message shared on social media.

The decision marks the end of one of the most decorated international careers in men’s football. Ronaldo has made 234 appearances for Portugal and scored 146 goals, both records at international level.

Ronaldo’s Portugal career comes to an end

Ronaldo made his Portugal debut in 2003 and went on to represent the country across more than two decades.

He helped Portugal win their first major international trophy at Euro 2016. He was also part of the teams that won the UEFA Nations League in 2019 and 2025.

Ronaldo’s international career also included six World Cup appearances. His final World Cup came in 2026, when Portugal were eliminated by eventual champions Spain in the last 16.

Ronaldo reflects on 23 years with Portugal

Announcing his decision, Ronaldo said it was not an easy choice and described his time representing Portugal as a privilege and responsibility.

He thanked his family, the Portuguese people, as well as the teammates, coaches and staff who were part of his international journey.

Ronaldo also said that Portugal would always remain a part of him.

Record-breaking international career

Ronaldo leaves the Portugal setup as the men’s all-time leading international goalscorer and the player with the most international appearances.

His 146 goals came across 234 appearances for Portugal. He also became one of only two players, alongside Lionel Messi, to feature at six World Cups.

His international career included major individual records as well as team honours, making his departure one of the biggest moments in modern international football.

What happens next

Ronaldo’s announcement comes after he said he would hand back Portugal’s No. 7 shirt following the November international break.

Portugal have Nations League fixtures during the November window, but Ronaldo’s announcement means his international career is now set to conclude after that break.

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Latest world news

US sanctions Indian couple over alleged support for Iran’s shadow fleet

The US has sanctioned an India-based couple and associated entities over allegations that they helped Iranian vessels evade international restrictions through fraudulent maritime registrations.

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Donald Trump

The United States has imposed sanctions on an India-based couple and several associated entities, accusing them of helping Iran’s shadow fleet transport petroleum while evading international restrictions.

The US Treasury identified the individuals as Suniel Kumar Sharma and his wife, Jaspreet Preeti Shahid. According to the department, the couple operated a network that provided false maritime flags and certifications to vessels involved in transporting Iranian petroleum, including ships linked to Iran’s military and its proxies. 

The sanctions were announced as part of the Trump administration’s Operation Economic Outcast, a campaign aimed at disrupting Iran’s economic networks and oil revenues.

US alleges fraudulent maritime registrations

According to the US Treasury, Sharma and Shahid allegedly established fraudulent maritime registries and classification societies by creating websites that claimed to provide services on behalf of countries that had not authorised them.

The department said the couple’s activities went back to at least 2014, when they allegedly attempted to impersonate the maritime flagging authority of Dominica.

The Treasury further alleged that their network provided registration and certification services to vessels transporting Iranian petroleum, helping them circumvent international restrictions. 

False ship flags and maritime certifications can allow vessels to operate while avoiding regulatory and sanctions-related scrutiny, according to the US authorities.

India-based firms also face sanctions

The US action also covers several India-based companies and entities associated with the alleged network.

Among those designated are Oceaniek Technologies India and Aryavart Ship Management Private Limited. Other entities named by the Treasury include Precept Trends Private Limited, Polynesia Maritime Private Limited, Alexarya Finserv Private Limited, Alexarya Media and Entertainment Private Limited, Viharaboating Private Limited and Aryavart Maritime and Educational Trust.

The Treasury imposed the measures under Executive Order 13902, which targets key sectors of Iran’s economy, including petroleum, petrochemicals and aviation.

US Treasury issues warning

US Treasury Secretary Scott Bessent warned that Washington would continue targeting people and organisations it believes are supporting Iran.

“Under Operation Economic Outcast, you are either with us or against us,” Bessent said, adding that the US would sanction those it believes continue supporting the Iranian regime, whether by land, sea or air. 

Separately, the US also sanctioned Turkey-based Fugo Ground Services Inc, accusing it of providing ground-handling and other services to US-sanctioned Iranian airlines. 

The latest action therefore extends Washington’s sanctions campaign beyond Iranian entities to foreign individuals and companies that the US alleges are helping Tehran’s sanctioned oil and aviation networks.

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Mojtaba Khamenei warns against expecting US policy shift after midterms

Iran’s Supreme Leader Mojtaba Khamenei has warned against expecting a change in US policy towards Tehran following the Democratic Party’s victory in the US midterm elections. He also cautioned that any renewed American attacks on Iran would widen the ongoing Middle East war.

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Mojtaba

Iran’s Supreme Leader Mojtaba Khamenei has warned against expecting a change in US policy towards Tehran following the Democratic Party’s victory in the US midterm elections. He said those hoping that political changes in Washington would lead to a shift in America’s approach towards Iran were seriously mistaken.

His remarks came after Democrats secured control of both the US House of Representatives and the Senate, dealing a major electoral setback to President Donald Trump and his Republican Party.

In a message posted on the social media platform X on Wednesday, November 4, Khamenei said Iranians understood their position towards the United States more clearly than ever. He also said that examining the reasons behind what he described as US hostility and Iran’s resistance would provide guidance for the country’s future course.

Khamenei cautioned against viewing changes in the political balance in Washington as an indication that American policy towards Iran would become less hostile.

Khamenei Warns Of Wider Middle East War

The Iranian Supreme Leader also warned that the ongoing Middle East war could expand further if the United States resumed its attacks on Iran.

“Should such aggressions be repeated, its (the war) scope will become much wider,” he said.

His warning comes amid continuing tensions between Washington and Tehran, with the conflict involving the two countries remaining a major issue in US politics.

Democrats Take Control Of Both Houses Of Congress

The Democratic Party secured control of both chambers of the US Congress in the midterm elections, marking a significant setback for Trump’s Republicans.

The party benefited from public dissatisfaction with Trump and gained greater power to scrutinise and challenge his administration during the final two years of his presidency.

Trump, meanwhile, struck a conciliatory tone in an interview with The New York Times, saying he was “absolutely willing to accept those results” and was prepared to work with Democrats.

Iran War Emerged As A Key Election Issue

The war involving Iran was among the major issues during the US midterm election campaign.

Democratic candidates criticised Trump over the conflict and linked it to economic difficulties that had contributed to frustration among voters across the country.

Khamenei’s remarks, however, indicated that Tehran does not expect the change in congressional control to result in a fundamental shift in Washington’s approach towards Iran.

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