The world’s two largest economies – America and China, are once again ready to clash in a Tariff War. Donald Trump has announced to impose a new tariff of up to 100% on goods coming from China, which will come into effect from November 1. With the already imposed 30% tax, the total tariff will reach 130%. This step has been taken in response to new restrictions on the export of Rare Earth Minerals by China. China has recently increased control over 5 more minerals like holmium, erbium, thulium, europium and ytterbium. Now China has control over 12 out of 17 Rare Earth Elements. These minerals are used in important sectors like EVs, Mobiles, Satellite, Defense Technology. China not only controls 70% of the global supply but also 90% of the processing. This can have a major impact on the industrial supply chain and national security of America and its allied countries. Is this the beginning of a new trade war? Time will tell…

The second chapter of the trade war between the US and India has started! The US has announced to impose 10% tariffs on 100 countries before the July 9 deadline, which has shaken the stock market. Sensex was initially flat, but IT, metal, pharma and banking shares saw a decline. BRICS countries may also suffer double loss of this decision as Trump has warned of imposing additional tax on these countries if they go against the US policy. The markets of Japan and Hong Kong were also in decline. At the same time, the delay in the talks of US-India Trade Deal is worrying investors. Will there be a big stir in the market by July 10? Know the complete information in this video!