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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.

India News

Poland Minister Wladyslaw T Bartoszewski says India is a superpower, should play role in World affairs

The Polish Minister said it is time to take the relations between the the two countries to a higher level. He said India has developed into a phenomenal country and is the 5th largest economy in the world. The minister said the Polish economy has also developed and both the countries have much more to offer each other.

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Secretary of state at the Foreign Affairs Ministry of Poland Wladyslaw T. Bartoszewski on Monday said that India should play a bigger role in global politics. He said India is a superpower now and hence India should play a role that fits superpower at the global scale. He said the relations between Poland and India have been extremely good. He said they have not had any problems.

The Polish Minister said it is time to take the relations between the the two countries to a higher level. He said India has developed into a phenomenal country and is the 5th largest economy in the world. The minister said the Polish economy has also developed and both the countries have much more to offer each other.

He said the Polish government wants India to play a more active role in World Politics. He said India is the largest democracy in the world and shares values with Poland as to how the world should be organised. The Polish Minister said he is looking to partner with India. He said Poland is looking at potentially creating the India-Central Eastern European Forum to discuss amongst a few countries.

He said there are a lot of topics and Poland wants to partner with India to play its role in the world affairs. Bartoszewski highlighted the remarkable economic growth India has made under the leadership of Prime Minister Narendra Modi. He said Warsaw would like to work in closer co-operation with New Delhi. India and Poland share strong bilateral ties.

After the Ukraine war began, Poland helped in India’s Operation Ganga by aiding in the evacuation of Indian students from the war struck country in 2022.The Polish minister commented on the Russia-Ukraine war which has been going on since the last two years. He said the war will end if immediately if Russian President Vladimir Putin withdraws his forces from neighbouring Ukraine.

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71st Miss World contestants visit Raj Ghat and pay respects to Mahatma Gandhi

The 71st Miss World will take place between February 18 and March 9 which will unfold across various venues, including the Bharat Manadapam in New Delhi. 120 contestants from countries around the world will participate in various competitions and charitable initiatives, serving as ambassadors of change.

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Miss World contestants, accompanied by Julia Morley, chairman and CEO of the Miss world Organisation, visited the Raj Ghat, also known as the Gandhi memorial, on Monday, where they paid their respects to Mahatma Gandhi. The 71st Miss World participants also visited the Gandhi Museum.

The 71st Miss World will take place between February 18 and March 9 which will unfold across various venues, including the Bharat Manadapam in New Delhi. 120 contestants from countries around the world will participate in various competitions and charitable initiatives, serving as ambassadors of change.

Julia Morley, chairman and CEO of the Miss World Organisation said in a statement that her love of India is no secret and having the 71st Miss World Festival in this country means a lot to her. She thanked Jamil Saidi for his herculean efforts to make the return of the event to India a reality. She said the Miss World Organization has assembled the best team for the 71st edition.

The 71st Miss World will end with a dazzling grand finale at the Jio World Convention Centre in Mumbai. India last hosted the international pageant in 1996. Manushi Chhillar was the most recent Indian to win the pageant, having bagged the crown in 2017. Previously, Reita Faria Powell, Aishwarya Rai, Diana Hayden, Yukta Mookhey, and Priyanka Chopra Jonas have also won the competition.

India is currently hosting Miss World 2024 in Delhi and Mumbai after 28 years. The competition will begin on  Februray 18, with the grand finale scheduled  on March 9, the 71st Miss World Pageant will feature 120 contestants from 120 countries and territories, which includes India and will feature various competitions and charitable initiatives. The 21-day fashion and beauty event will feature a variety of events that will empower young women as change agents and future leaders.  

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India News

Prime Minister Narendra Modi inaugurates first BAPS Hindu Mandir in Abu Dhabi, UAE

The BAPS temple is the first stone Hindu Temple in Abu Dhabi which has been built using ancient architectural methods with scientific techniques. The temple has been built with over 300 high-tech sensors to measure temperature and monitor seismic activity.

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Prime Minister Narendra Modi on Wednesday inaugurated the Bochasanwasi Akshar Purushottam Swaminarayan Sanstha (BAPS) Mandir- first Hindu Temple – in Abu Dhabi, UAE. On reaching the grand temple complex, the Prime Minister was greeted by the members of the Indian community. Many celebrities including Bollywood star Akshay Kumar and actor Dilip Joshi also attended the opening ceremony of the temple.

The BAPS temple is the first stone Hindu Temple in Abu Dhabi which has been built using ancient architectural methods with scientific techniques. The temple has been built with over 300 high-tech sensors to measure temperature and monitor seismic activity.

Similar to Ayodhya’s Ram Temple, in BAPS temple also, no metal has been used in the construction and instead fly ash has been used to fill up the foundation. The grand temple has been built by the BAPS Swaminarayan Sanstha on a 27-acre site in Abu Mreikhah, near Al Rahba off the Dubai-Abu Dhabi Sheikh Zayed Highway, at a cost of around Rs 700 crore.

The Temple authorities said it has been built according to an ancient style of construction and creation mentioned in the Shilpa and Sthapathya Shastras, Hindu scriptures which give a detailed description about temple design and construction.

The architectural techniques have been joined with scientific methods. About 300 high tech sensors have been installed at every level of the temple to measure the temperature, pressure and seismic activity. The sensors will provide live data to research.

Swami Bhrahmaviharidas, head of international relations for the BAPS said if there is an earthquake in the area, then they will be able to detect it and will be able to study it. No metal has been used in the construction of the temple and fly ash has been used to fill up the foundation which has replaced 55% of cement in the concrete mix.

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