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Tuesday
May 2020
12:32 AM IST
News Headlines
Need to find a way to outlast Pujara in summer series: Cummins        La Liga can resume week of June 8 - Spanish Prime Minister        Extend loan automatically to all eligible borrowers without fear of 3Cs: FM to banks        Will try to restart international flights before August: Puri        Iran warns US not to interfere with Venezuela oil shipment        Sri Lanka to ease coronavirus restrictions from May 26        Coronavirus cases cross 10,000-mark in Ahmedabad, 24 deaths        Amphan toll rises to 85 in Bengal; protests over electricity, water supply        Prisoners aged above 60 to be released on emergency parole to decongest jail in Delhi        Record jump in COVID-19 cases, 137 more deaths        Bryant items fetch premium prices, Trout card sets record        Baseball players respond to MLB on virus protocols        RBI extends moratorium on loans for another 3 months till Aug        Sensex, Nifty turn choppy; RIL jumps on KKR deal        Quarantine must for domestic air travellers: Kerala govt        At least 57 killed in Pakistan passenger plane crash in Karachi        China introduces new security bill in parliament to tighten controls over Hong Kong        Trump lashes out at scientists whose findings contradict him        COVID-19 death toll climbs to 3,583 in India        Pak troops shell LoC areas in twin sectors of Poonch, Rajouri        
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Business News
Trump warns China of substantial increase in import tariffs
 
Washington: US President Donald Trump has warned of imposing substantial tariffs on imports from China if the trade negotiations did not go well.

"China has to do a lot of things to turn it around. But you'll be seeing. They've got to do a lot of things. It (tariff increase) goes on September 1," Trump said on Friday, a day after he announced to impose 10 per cent tariff on Chinese products worth nearly USD 300 billion.

This is in addition to the 25 per cent import tariff on Chinese products worth USD 250 billion.

The next round of the US-China trade talks is scheduled for September.

"Frankly, if they don't do, I can always increase it very substantially. In other words, I could increase it -- if I wanted to, I could increase it to a very much higher number," he said.

Observing that the US was "so far behind" China before he became the President, Trump said America had been treated badly.

"And I don't blame China. I blame our past leaders, our past presidents, our past trade representatives. They've done a terrible job," he said.

"We can't just go and make an even deal with China. We have to make a much better deal. Because, right now, they have a very unfair playing field, and I'm turning it around. We are getting 25 per cent of USD 250 billion and now we'll be getting 10 per cent of probably close to USD 350 billion. It's a lot of money, he said.

Trump further said China was devaluing their currency and they're also pouring money in.

"Their currency is going to hell, but they're also pouring money in. That will totally pay for the tariffs. The tariffs are not being paid for by our people; it's being paid for by China because of devaluation and because they're pumping money in," he said.

Trump said the US was taking in billions of dollars from China.

"We never took in 10 cents from China. Out of that many billions of dollars, we're taking a part of it and we're giving it to the farmers because they've been targeted by China. They come out totally whole. So, you interviewed the wrong farmer, but that's all right," said the US President.


Extend loan automatically to all eligible borrowers without fear of 3Cs: FM to banks
Will try to restart international flights before August: Puri
RBI extends moratorium on loans for another 3 months till Aug
Sensex, Nifty turn choppy; RIL jumps on KKR deal
Rupee rises 13 paise to 75.67 against US dollar in early trade
Bajaj Auto shares jump 6.50 pc after Q4 earnings
Rupee rises 6 paise to 75.60 against US dollar in early trade
Decide corruption cases in time involving retiring bank, govt officials: CVC
Consumers footfall increase, average basket value goes up at retail stores in lockdown 3.0
Decentralisation of cities, devt of far-flung areas can help address migrant workers' woes: Gadkari
Find out novel ways for revival of economy, not the failed ideas: BMS
Reliance Industries' Rs 53,000-crore rights issue to kick off on May 20
Rupee falls 13 paise to 75.59 against US dollar in early trade
Investor wealth plunges Rs 1.99 lakh cr as mkts plummet
Kotak Mahindra Bank Q4 profit down 4 pc to Rs 1,952 cr
Jet Airways insolvency resolution professional seeks fresh EoI for defunct airline
Rupee falls 22 paise to 75.95 against US dollar in early trade
Maruti resumes operations at Manesar plant on single shift basis
Warehousing demand in 8 major cities drops 29% in Jan-Mar, new supply down 14%: Report
Reliance fixes May 14 as record date for rights issue
KERALA NEWS
Quarantine must for domestic air travellers: Kerala govt
 Thiruvananthapuram: Domestic flyers arriving in Kerala must undergo strict home quarantine as per th  
12 fresh COVID-19 cases in Kerala, total rises to 642
Central financial package lacks public healthcare initiatives: Kerala CM
29 fresh cases in Kerala; Over 67,000 under observation
INTERNATIONAL NEWS
Iran warns US not to interfere with Venezuela oil shipment
 Tehran: Iran's president on Saturday warned the United States not to interfere with a shipment of oi
Sri Lanka to ease coronavirus restrictions from May 26
At least 57 killed in Pakistan passenger plane crash in Karachi
China introduces new security bill in parliament to tighten controls over Hong Kong
NATIONAL NEWS
Coronavirus cases cross 10,000-mark in Ahmedabad, 24 deaths
 Ahmedabad: Coronavirus cases in Ahmedabad crossed the 10,000-mark and rose to 10,001 after 277 new p
Amphan toll rises to 85 in Bengal; protests over electricity, water supply
Prisoners aged above 60 to be released on emergency parole to decongest jail in Delhi
COVID-19 death toll climbs to 3,583 in India
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