China exempts 16 US products from tarriffs

China on Wednesday announced plans to exempt 16 types of U.S. products from additional tariffs, including food for livestock, cancer drugs and lubricants. The exemption, which is scheduled to go into effect from September 17, will be valid for a year through to September 16, 2020. The announcement comes as high-level trade officials from China and the U.S. prepare to meet in Washington next month. It will mark their latest attempt to resolve a protracted trade dispute. Washington and Beijing have imposed tariffs on billions of dollars’ worth of one another’s goods since the start of 2018, battering financial markets … Continue reading China exempts 16 US products from tarriffs

Why foreign investors are fleeing India

Foreign investors have fled stock markets after the budget. The Sensex is down nearly 2,500 points. Small and midcap stocks have fallen even faster. Beyond the budget, other problems are growing too. They add up to a discouraging message: Foreigners, enter India at your own risk. Andhra Pradesh chief minister Jagan Reddy has reserved 75% of jobs in industrial and infrastructure ventures for state residents. Madhya Pradesh chief minister, Kamal Nath, also pledged earlier this month to reserve 70% of jobs in private sector companies for locals. The Constitution forbids discrimination based on place of birth, but these gentlemen do … Continue reading Why foreign investors are fleeing India