As the US-China trade war intensifies, China wields its control over rare earth minerals as a potent tool against American pressure. Recent export controls on metals used in semiconductors signal a deliberate retaliation. China's new laws, like the unreliable entities list and export-control law, are operational and impacting Western firms. Green-energy tech manufacturers heavily relying on China's supply chain face uncertainty, with proposed export bans on solar-panel technology. Chip metal restrictions pose challenges for the US defence industry. However, China must tread carefully as potential blowback could affect its own commerce. #uschinatradewar
7 Aug 2023The uncertainty in the global trade environment does not bode well for Asian economies that are heavily dependent on international trade and investment as a means of sustained growth
4 min read23 May 2018It would be nave on the part of India to remain complacent that Washington will not threaten New Delhi for enhanced market access in agricultural and dairy products, and medical equipment
3 min read23 May 2018The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared