Beijing: China has slapped extra tariffs of up to 25 per cent on 128 US products including frozen pork, as well as on wine and certain fruits and nuts, in response to US duties on imports of aluminium and steel, China’s finance ministry said. China has slapped extra tariffs of up to 25 per cent on 128 US products including frozen pork, as well as on wine and certain fruits and nuts, in response to US duties on imports of aluminium and steel.“China’s suspension of some of its obligations to the United States is its legitimate right as a member of the World Trade Organization,” China DIN934 HEX NUTS Manufacturers it said, adding that differences between the world’s two largest economies should be resolved through dialogue and negotiation.Eight other products, including pork, will now be subject to additional tariffs of 25 percent, it said, with the measures effective from April 2.US President Donald Trump is preparing to impose tariffs of more than USD 50 billion on Chinese goods intended to punish Beijing over US accusations that China systematically misappropriated American intellectual property - allegations Beijing denies.The tariffs, to take effect on Monday, was released late on Sunday and matches a list of potential tariffs on up to USD 3 billion in US goods published by China on March 23.In a statement published on Monday morning, MOFCOM said the United States had “seriously violated” the principles of non-discrimination enshrined in World Trade Organization rules, and had also damaged China’s interests.

 

The tariffs on those products will be raised by an extra 15 per cent.China’s Ministry of Commerce (MOFCOM) said it was suspending its obligations to the World Trade Organization (WTO) to reduce tariffs on 120 US goods, including fruit..The tariffs, to take effect on Monday matches a list of potential tariffs on up to USD 3 bn in US goods published by China on March 23.China has repeatedly promised to open its economy further, but many foreign companies continue to complain of unfair treatment. China warned the United States on Thursday not to open a Pandora’s Box and spark a flurry of protectionist practices across the globe.“China’s suspension of its tariff concessions is a legitimate action adopted under WTO rules to safeguard China’s interests,” the Chinese finance ministry said.China has imposed the additional tariffs amid escalating trade tensions between Beijing and Washington, sparking fears of a full-blown trade spat between the world’s two biggest economies

The steel giant won the bid with Jamshedpur as the host city and will be part of ISL from the next season. (Photo: Tata Steel/Twitter) Mumbai: Tata Steel has successfully bid for the Jamshedpur franchise in the upcoming season of the Indian Super League (ISL).The steel giant won the bid with Jamshedpur as the host city China DIN934 HEX NUTS Manufacturers and will be part of ISL from the next season.

 

Tata Steel will announce the names of members of the Jamshedpur team along with the squad and coaching staff in due course.The team logo and jersey will also be unveiled soon. ISL organisers, Football Sports Development Limited (FSDL), had invited bids for 10 cities in India, namely Ahmedabad, Bengaluru, Cuttack, Durgapur, Hyderabad, Jamshedpur, Kolkata, Ranchi, Siliguri and Thiruvananthapuram.Jamshedpur was awarded to Tata/Tata Steel and it will participate in ISL. The new team will be competing for the coveted title along with franchisees from Kolkata, Chennai, New Delhi, Mumbai, Bengaluru, Kochi, Goa and Guwahati.Speaking on the occasion, Sunil Bhaskaran, vice president Corporate Services, Tata Steel, said: "This is a momentous occasion for Tata Steel, which has always been a pioneer in the development of sports in the country, especially football. Our entry into the coveted Indian Super League reinforces our commitment to provide a fillip to the development of football in the country.""We are extremely excited to have won the bid for our hometown Jamshedpur and will provide the best of facilities for football to prosper in the eastern part of our country," he added.