india toy industry: How India’s toy industry beat China with high tariffs and quality checks – can it go further?

india toy industry: How India’s toy industry beat China with high tariffs and quality checks – can it go further?

Toys that make both kids and their folks happy is a relatively rare thing. For one, good toys are expensive, and the cheaper options ain’t that good. Yet Vijay and Shradha Shetty are beaming, as are Aryan, 14, and Aditya, 12. The couple, both seasoned advertising professionals, recently bought a dart gun, fully motorised and … Read more

China’s customs chief and trade warrior Yu Jianhua dies aged 63 after sudden illness

China’s customs chief and trade warrior Yu Jianhua dies aged 63 after sudden illness

China’s customs chief Yu Jianhua, who helped China fight its trade war with the US during Donald Trump’s first term in the White House, has died suddenly aged 63. Yu was suddenly taken ill on Tuesday and died despite receiving emergency treatment, the customs office said in a statement. He had made his last public … Read more

China makes request to WTO in its dispute over Canadian EV and steel tariffs

China makes request to WTO in its dispute over Canadian EV and steel tariffs

China has submitted a request to Canada for consultation at the World Trade Organization on additional tariffs it has imposed on Chinese electric vehicles as well as steel and aluminum products, the Commerce Ministry said on Friday. “On Sept. 6, China lodged a request for consultations with Canada at the WTO regarding Canada’s additional tariffs … Read more

China announces plans to start anti-dumping investigation into Canadian canola imports

China announces plans to start anti-dumping investigation into Canadian canola imports

China said on Tuesday it plans to start an anti-dumping investigation into canola imports from Canada, after Ottawa moved to impose tariffs on Chinese electric vehicles, lifting prices of domestic rapeseed oil futures to a one-month peak. Canada has followed the lead of the United States and European Union, and announced last week a 100 … Read more

We get leverage when China invests in India, says Finance Commission chairman Arvind Panagariya

We get leverage when China invests in India, says Finance Commission chairman Arvind Panagariya

Chinese investments in India should be allowed, barring those that carry security risks, said leading economist Arvind Panagariya, who is chairman of the 16th Finance Commission. This will also give India leverage against China, he told Deepshikha Sikarwar in an interview. In his latest book, India’s Trade Policy, a collection of writings on trade policy, … Read more

U.S. nearly doubles duty on Canadian softwood lumber

U.S. nearly doubles duty on Canadian softwood lumber

The U.S. is dramatically increasing the duty it charges on softwood lumber imports from Canada, setting the rate at 14.54 per cent. The previous duty was 8.05 per cent. The new rate was shared with trade groups and government officials on Tuesday, but was not immediately posted to the U.S. Federal Register. In a written statement, Mary Ng, … Read more

Opinion | China’s third plenum shows its reform era has entered a new phase

Opinion | China’s third plenum shows its reform era has entered a new phase

China’s economic system is founded on the reforms carried out in the 1990s. With the unification of dual exchange rates in 1994, markets became the main tool to set prices. Many state-owned enterprises were either privatised or went bankrupt. Since then, privately managed businesses have consistently gained ground. The conventional formula to describe the role … Read more

Exclusive | Stephen Roach on how Beijing can right its economic course and the US’ big China ‘blunder’

Exclusive | Stephen Roach on how Beijing can right its economic course and the US’ big China ‘blunder’

Now, nearly 11 years later, I would have to say that while the Chinese economy has progressed on many fronts, the implementation of those reforms has been disappointing. I think the critique that was raised by former Premier Wen Jiabao in March of 2007 – when he warned that the Chinese economy, while strong on … Read more

Chinese EV makers allege EU ‘snooping’, urge Beijing to take ‘most stringent’ measures

Chinese EV makers allege EU ‘snooping’, urge Beijing to take ‘most stringent’ measures

After a seven-month investigation into subsidies in China’s EV sector, the EU announced last week that it would raise tariffs on Chinese EVs by up to 38 per cent from July 4. Under World Trade Organization rules, China should impose a “higher provisional tariff” of up to 25 per cent on large petrol-powered vehicles from … Read more

U.S. raises tariffs significantly on EVs, other goods from China

U.S. raises tariffs significantly on EVs, other goods from China

The U.S. plans to slap new tariffs on Chinese electric vehicles, advanced batteries, solar cells, steel, aluminum and medical equipment — an election-year move that’s likely to increase friction between the world’s two largest economies. The tariffs are unlikely to have much of an inflationary impact because of how they’re structured. Administration officials said they … Read more