Now It’s Not Just Tariffs… It’s a War of Retaliation
The tariff war between the US and China is escalating. Trump has taken a bold step by increasing tariffs on Chinese imports from 145% to 245%. This hike is on anti-dumping duty. In response, China has asked the US to reveal the final rate it wants to impose. Though this decision is yet to be officially declared, White House sources confirmed it.
Reacting to this move, China’s Foreign Ministry spokesperson Lin Jian said, “If America keeps increasing tariffs like this, then it should tell us clearly what its final rate is. China doesn’t want conflict, but it won’t tolerate pressure either. We will take all necessary steps to protect our interests.”
China has already responded by imposing new tariffs on US imports.
Impact of the Tariff War: Gold Reaches New Peak – ₹94,579 for 10g
New Delhi: The tariff war between the US and China has caused a surge in gold prices. According to the India Bullion and Jewellers Association, on Wednesday, the price of 24-carat gold increased by ₹1,477, reaching ₹94,579 for 10 grams. In Delhi, gold touched ₹98,100.
In the international market too, gold reached $3,318 per ounce, which is a record high. Due to the trade war, investors are treating gold as a safe investment. So far this year, gold has become more expensive by over ₹18,400 per 10 grams.
• Silver Sparkles Too: The price of silver rose by ₹1,545 to reach ₹96,575 per kg.
• Rupee Strengthens: In the foreign exchange market, the rupee strengthened by 16 paise against the dollar, closing at ₹85.64. This is the third consecutive day of gain for the rupee.
• Sensex Rises Again: For the third day in a row, the Sensex rose — crossing 77,000 — and closed 108.65 points higher.
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