The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
Megvii is known for its facial recognition technology and while revenue grew over 350% in 2018, its losses have widened.Technologyread more
Stocks in Asia fell Monday afternoon following an escalation in the U.S.-China trade war late last week.Asia Marketsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
GENEVA, May 14 (Reuters) - Japan has complained at the World Trade Organization about India's duties on mobile phones, base stations and routers, and the circuit boards and other components that go into them, a WTO filing showed on Tuesday.
Japan's complaint, the first step in a legal dispute, said India had sought to foster domestic production by adjusting various taxes including customs duties, especially since it launched the "Make in India" campaign in September 2014.
Some of the tariffs on goods of substantial interest to Japan were now "clearly in excess" of the rates allowed by the WTO, Japan said.
India's WTO membership terms specified that the import tariff on all the disputed goods was zero percent, but India applied a 20% tariff to mobile phones and base stations, and tariffs of 10%, 15% and 20% on the other products, Japan said.
Trade data provided by the International Trade Centre, a U.N.-WTO joint venture, showed Japan accounted for a tiny proportion of India's mobile phone imports, valued at $53 million in 2011 and $43 million in 2012, but less than $2 million in all other years in the past decade.
India's mobile phone imports are dominated by China, although its appetite for foreign phones has shrunk fast, with total imports sliding from a 2014 peak of $7.1 billion to below $1.5 billion in 2018, the data showed.
India's imports of switchers and routers, totalling $5.7 billion in 2018, were dominated by China and Vietnam, while imports from Japan were worth $52 million, less than 1 percent of the Indian import market.
Under WTO rules, India has 60 days to settle the dispute, but after that Japan could ask the WTO to set up an adjudication panel to say whether India's tariffs break the rules. (Reporting by Tom Miles; Editing by Catherine Evans)