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Tariff War Is because of Economic Imbalances Between Countries: Report

SBI Funds Management reports trade imbalances fuel global trade wars. US-China tensions stem from differing economic models. China invests heavily, while the US consumes more. This creates trade deficits, with the US owing USD 1,202 billion and India owing USD 275 billion. The US seeks to address this imbalance through tariffs and reduced reliance on China.
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New Delhi: Trade negotiations between the US and China are progressing at a slow pace, raising the possibility of extending the current tariff deadline, according to a report by SBI Funds Management. The report highlighted that the ongoing negotiations have once again reached their familiar stalemate, where both sides have shown limited progress. A key concern in these discussions is China's dominance in scarce soil processing, an area where 90 …

The day begins with the next chapter of the tariff war, Canada has been hit with a 35% tariff. The dollar is strengthening, the forint is off to a bad start to the day, Viktor Orbán announced new support. Today is expected to be a data-poor day, but the leader of the world's largest country can make sure we don't get bored.

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mid-day broke the news in Mumbai, India on Friday, July 11, 2025.
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