US President Donald Trump will be the one to make the final decision on tariffs and the US-China trade deal, White House trade adviser Peter Navarro said on December 10."Either way we're going to be in a great place ... The president loves them (the tariffs)," Navarro said in an interview with Fox Business Network."If we get a great deal, we'll be in a good place as well. But it will be the president's decision. It will come soon," Navarro added.Are you happy with your current monthly income? Do you know you can double it without working extra hours or asking for a raise? Rahul Shah, one of the India's leading expert on wealth building, has created a strategy which makes it possible... in just a short few years. You can know his secrets in his FREE video series airing between 12th to 17th December. You can reserve your free seat here. … [Read more...] about Trump will have final say on US-China trade deal: White House trade adviser
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US President Donald Trump is likely to meet with his top trade and economic advisers on Thursday to discuss whether to impose planned Dec. 15 tariffs on nearly $160 billion in Chinese consumer goods, according to two sources familiar with the plans.The meeting is expected to involve U.S. Trade Representative Robert Lighthizer, Treasury Secretary Steven Mnuchin, and White House advisers Larry Kudlow and Peter Navarro, the sources said.One person briefed on the situation told Reuters on Tuesday a decision to move ahead with the Dec. 15 tariffs could scuttle talks to end the 17-month-long trade war between the world's two largest economies for the remainder of Trump's term.Are you happy with your current monthly income? Do you know you can double it without working extra hours or asking for a raise? Rahul Shah, one of the India's leading expert on wealth building, has created a strategy which makes it possible... in just a short few years. You can know his secrets in his FREE video series … [Read more...] about Donald Trump likely to meet with advisers today about December 15 tariffs on China: Sources
US stock indexes jumped to new highs on December 12, and Treasury yields rose, after President Donald Trump tweeted that a trade deal with China was "very close" and on a report that US trade negotiators had offered to cancel a fresh round of tariffs on Chinese goods.The S&P 500, Dow Jones Industrials and the Nasdaq opened lower then reversed after Trump's statement, which comes just before tariffs are due to go into effect on December 15. The indexes had slipped from record levels two weeks ago.The Wall Street Journal reported US negotiators have offered to slash existing tariffs by as much as half on roughly $360 billion of Chinese-made goods, supporting the bounce.Close MARKETS: related news Global Markets: Stocks near record highs, pound wavers before election result Here's how a stalemate at WTO affects global trade Demand looking up for autos; these stocks likely to gain the most ** The S&P 500 briefly rose more than one percent to hit a record intraday high of … [Read more...] about Wall Street hits records on hopes tariffs will be dropped
Saudi Arabia’s Crown Prince Mohammed bin Salman is on a two-day visit to India and was welcomed by President Ram Nath Kovind and Prime Minister Narendra Modi, with an embrace of course.The reason for his visit is the strengthening of bilateral ties in various sectors, including energy and defence. If it’s a run-of-the-mill visit by a foreign dignitary, then what makes it controversial, you ask? Well, like in a David Fincher film, the timing.Crown Prince Mohammed bin Salman’s (popularly known as MBS) visit to India comes within five days of the terror attack on a CRPF convoy in Pulwama, which killed 40 jawans and infuriated the entire nation. After the attack, PM Modi had vowed to hunt down the perpetrators and avenge each drop of the martyrs' blood.Close The responsibility of the attack was claimed by Jaish-e-Mohammed (JeM), a banned terrorist organization which reportedly operates from Pakistani soil. JeM chief Masood Azhar, one of the most notorious terrorists in … [Read more...] about Should India really embrace Saudi Arabia Crown Prince Mohammed bin Salman’s visit?
Abhijit Kumar DuttaThe NDA government has thought up a novel way to crank up consumer spending in the country, which logically should give a leg-up to the insipid demand in the economy and eventually set the growth engine in motion.On December 4, the Union Cabinet cleared the Social Security Code Bill, 2019, which, among other things, offers the option to millions of employees in organised sectors to reduce their share in the provident fund contribution and thereby increase their take-home pay.Close At present, the employee’s contribution to provident fund is fixed at 12 per cent of basic salary. The employer also provides a matching amount to the fund, a portion of which goes to the pension corpus. related news 3-Point Analysis | MF industry sees rise in AUM About Pradhan Mantri Awas Yojana Though the contents of the code are not in the public domain, an Economic Times report suggests that the code will have a provision whereby the employee contribution to … [Read more...] about Save or spend — The provident fund puzzle