World
Trump’s administration had announced a 26% tariff on Indian goods earlier this month.
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Editor's take: The week that was —April 7-12
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India, US finalise terms of reference for first phase of trade deal
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China increases tariffs on US imports to 125%, US stands its ground
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Greater China
Beijing indicated this would be the last time it matched the US, should it take duties any higher.
BYD announced plans for a Mexican plant in 2023.
Trump said he would suspend targeted tariffs on several countries for 90 days.
China hiked tariffs on US imports to 84%, while the EU imposed a 25% duty.
China also announced it would raise its levies on US goods by 50%.
In March, TSMC had said that it plans to make a fresh $100b investment in the US.
Any export of TikTok’s algorithm is subject to Chinese government approval.
Export control regulations allowing for a fine of up to twice the value of transactions that violate the rules.
China’s Ministry of Commerce has reached out to Shein and other companies.
