Tag: tariffs

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Joe Biden Says U.S. Lacks Leverage Over China, Will Keep Donald Trump’s Tariffs for Now

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President-elect Joe Biden will not immediately axe the tariffs imposed on China during President Donald Trump’s trade war and has said that the U.S. needs to work towards increasing its “leverage” over Beijing.



Joe Biden wearing a suit and tie: President-elect Joe Biden speaks at the Queen Theater on December 1, 2020 in Wilmington, Delaware.In an interview with The New York Times he said that a new stimulus deal would be his priority.

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President-elect Joe Biden speaks at the Queen Theater on December 1, 2020 in Wilmington, Delaware.In an interview with The New York Times he said that a new stimulus deal would be his priority.

Biden told The New York Times that when he takes office, the 25 percent tariffs that the Trump administration had slapped on around half of China’s exports would stay in place for the time being.

Ties between Beijing and Washington deteriorated under Trump who picked fights with China over trade and technology. There was a respite when both sides signed a “phase one” trade deal in January, committing China to purchasing $200 billion in extra American goods and services in

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France orders Big Tech to pay digital tax despite threat of US tariffs

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France will require big tech companies to pay its digital services tax, a move that is likely to trigger retaliation by President Donald Trump and pitch the incoming US administration into another trade fight.



a store inside of a building: A worker walk in the Amazon's distribution center of Saran on October 26, 2018, central France. (Photo by GUILLAUME SOUVANT / AFP) (Photo credit should read GUILLAUME SOUVANT/AFP/Getty Images)

© Guillaume Souvant/AFP/Getty Images
A worker walk in the Amazon’s distribution center of Saran on October 26, 2018, central France. (Photo by GUILLAUME SOUVANT / AFP) (Photo credit should read GUILLAUME SOUVANT/AFP/Getty Images)

The 3% tax on revenue from digital services in the country was introduced last year. But the French government had suspended collections while negotiations on a broader overhaul of the global tax system played out at the Organization for Economic Cooperation and Development. Those talks have not produced a breakthrough.

“Companies received the tax notice for this year,” the finance ministry said in a statement on Wednesday. Google, Facebook and Amazon are among the US tech firms that will have to pay

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Bharti Airtel posts highest-ever quarterly revenue on higher tariffs, data usage

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A Bharti Airtel office building is pictured in Gurugram, previously known as Gurgaon, on the outskirts of New Delhi, India April 21, 2016. REUTERS/Adnan Abidi/File Photo

BENGALURU (Reuters) – Indian telecom operator Bharti Airtel Ltd reported its highest ever quarterly consolidated revenue on Tuesday, driven by higher tariffs and a rise in data usage from a coronavirus-fuelled shift to remote working.

Indian telecom operators, grappling with low tariffs due to a price war that ensued after Mukesh Ambani’s Reliance Jio entered the space, hiked prices last year as they were ordered to pay 920 billion rupees ($12.44 billion) in dues to the government.

That helped the company’s quarterly consolidated revenue rise 22% to 257.85 billion rupees.

Average revenue per user at India’s second largest telecom operator rose to 162 rupees for the quarter, from 128 rupees a year earlier.

The company’s 4G data customers rose by 14.4 million to 152.7

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