US-China trade war

16 Apr

Gold Soars to Record High on MCX as Trade Tensions and Weak Dollar Drive Safe-Haven Demand

Rajeev Sharma0 CommentsIndiaGold Prices 2025, MCX gold record, US-China trade war

New Delhi, April 16, 2025: Gold prices in India have reached an all-time high as global economic jitters and trade tensions between the United States and China fuel demand for safe-haven assets. On the Multi Commodity Exchange (MCX), gold surged to a record Rs 95,435 per 10 grams before settling slightly lower at Rs 95,172.Analysts attributed the steep rally to a combination of factors including a weakening U.S. dollar and fresh tariff threats from former U.S. President Donald Trump, which triggered fears of a renewed trade war. “Gold prices raced to an all-time high, driven by a weaker dollar, trade…

11 Apr

China Hits Back with 125% Tariffs Amid Escalating Trade War, Keeps Door Open for Talks

Rajeev Sharma0 CommentsWorld NewsChina tariffs, Trump trade policy, US-China trade war, WTO

Beijing, April 11, 2025 — China has sharply escalated its tariff retaliation against the United States, slapping a 125% additional levy on US imports starting Saturday. The move comes in direct response to America’s 145% total tariffs on Chinese goods, marking another heated chapter in the ongoing trade war.China’s Customs Tariff Commission, announcing the hike on Friday, said the US tariffs had crossed the line of economic rationale. “It would no longer make economic sense and will go down as a joke in world economic history,” the commission said, warning that if the US further raises tariffs, China will simply…