Business Prime: US imposes tarrifs on 300 billion USD of Chinese imports

US President Donald Trump on Thursday announced new tariffs on imports of goods from China. So the trade war continues. With the announcement markets have begun to react negatively. The global markets are weak impacting the Indian markets as well. US President Donald Trump announced that from next month, Chinese imports of 300 billion USD will be charged at 10 per cent. This has triggered a fresh trade war between the world's two largest economies.

In July, the GST collection was 1.02 lakh crore rupees. This is better than last month's collection. This is 5.8 percent more than the GST collection of 96,483 crore rupees a year ago. The central GST collection was Rs 17,912 crore, state GST of Rs 25,008 crore and unified GST of Rs 50,612 crore. The gross GST collection in April-July was 4,16,176 crore rupees. It was Rs 3,89,568 crore in the same period of last financial year.

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