• SENSEX
    NIFTY 50
Economy

India ships more cotton to China as 25 percent tax spoils US supply

Updated : June 21, 2018 06:24 AM IST

The United States, the world's biggest exporter of the fibre, has cornered the bulk of Chinese imports for at least a decade.
India has already signed contracts to ship 500,000 bales (85,000 tonnes) of their new season harvest to China, officials said last week, in rare advance deals.
In response to US tariffs on $50 billion in Chinese goods, Beijing slapped import taxes on cotton, as well as on other commodities and products from the United States, even as its own state reserves of the fibre are depleting.
India ships more cotton to China as 25 percent tax spoils US supply
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV