China’s Commerce Ministry said in a statement on Thursday, it is extending an anti-dumping tariff on a fiber optic product made in India, per Reuters. Additional details “The punitive tariff on single-mode optical fiber takes effect from Aug. 14 and lasts for five years.” “Tariffs ranging between 7.4% and 30.6% depending on the specific Indian manufacturers.” This comes amid souring diplomatic ties between the countries after India announced a ban on a number of Chinese tech applications. USD/INR implications The Indian rupee could see a bit of downside pressure on the above news, with USD/INR likely to regain the 75 handle. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD bullish narrative runs counter to growth data – IIF FX Street 2 years China’s Commerce Ministry said in a statement on Thursday, it is extending an anti-dumping tariff on a fiber optic product made in India, per Reuters. Additional details “The punitive tariff on single-mode optical fiber takes effect from Aug. 14 and lasts for five years.” “Tariffs ranging between 7.4% and 30.6% depending on the specific Indian manufacturers.” This comes amid souring diplomatic ties between the countries after India announced a ban on a number of Chinese tech applications. USD/INR implications The Indian rupee could see a bit of downside pressure on the above news, with USD/INR likely to regain the 75… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
