IPL auction confirmed for February 18 in Chennai
New Delhi, Jan 27: The IPL players' auction ahead of the 2021 edition will be held in Chennai on February 18, the league organisers announced on Wednesday.
The announcement was made via IPL's Twitter handle exactly a week after PTI reported the date.
"IPL 2021 Player Auction on 18th February," read part of the post.
The "mini auction" will take place following the first two Tests between India and England in Chennai. The series begins on February 5 while the second Test will be played from February 13 to 17.
The BCCI is also yet to decide whether the IPL will happen in India even though the Board President Sourav Ganguly has repeatedly asserted that everything possible would be done to keep the glitzy event at its home.
The 2020 edition was held in the UAE in September-November due to the COVID-19 pandemic.
A smooth conduct of India's home series against England from next month should pave the way for the lucrative league to be held at home.
The player retention deadline ended on January 20 and the trading window closes on February 4.
Top Australian draws like Steve Smith and Glenn Maxwell were released from Rajasthan Royals and Kings XI Punjab respectively on the last day of the retention deadline.
The other notable names to be released were Chris Morris, Harbhajan Singh and Aaron Finch. A total of 139 players were retained by the franchises and 57 players were released.
Kings XI Punjab will enter the auction with the biggest purse (Rs 53.20 crore), followed by Royal Challengers Bangalore (Rs 35.90 crore) and Rajasthan Royals (Rs 34.85 crore).
With Rs 10.75 crore each, Kolkata Knight Riders and Sunrisers Hyderabad have the lowest purse going into the auction.
?ALERT?: IPL 2021 Player Auction on 18th February?️
— IndianPremierLeague (@IPL) January 27, 2021
Venue ?: Chennai
How excited are you for this year's Player Auction? ??
Set your reminder folks ?️ pic.twitter.com/xCnUDdGJCa
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China now faces up to 245% retaliatory tariff: White House
Washington, Apr 16 (PTI): China now faces tariffs up to 245 per cent on imports to the United States due to its retaliatory actions, the White House has said, as the trade war escalated between the world's two largest economies.
Separately in a post on Truth Social, President Donald Trump said on Tuesday that China "just reneged on the big Boeing deal, saying that they will “not take possession” of fully committed to aircraft".
He appeared to be confirming reports that China has asked its airlines not to take deliveries of planes from American aircraft manufacturer Boeing.
In the post, he also vowed to protect the US and its farmers in a trade war with its adversaries, such as China.
In a fact sheet issued on Tuesday, the White House said President Trump signed an executive order launching an investigation into the national security risks posed by US reliance on imported processed critical minerals and their derivative products.
"On Day One, President Trump initiated his America First Trade Policy to make America’s economy great again," it said.
"More than 75 countries have already reached out to discuss new trade deals. As a result, the individualized higher tariffs are currently paused amid these discussions, except for China, which retaliated," it said.
"China now faces up to a 245% tariff on imports to the United States as a result of its retaliatory actions," the fact sheet said, without giving details.
China is the only country to have retaliated with tit-for-tat levies.
China on Friday raised its additional tariffs on imports from the US to 125 per cent in retaliation to the Trump administration's 145 per cent levies on Chinese exports. China also filed a lawsuit with the WTO following the US tariff hikes.
China earlier retaliated with 84 per cent levies and imposed restrictions on imports of some US films, expressing its interest in holding dialogue with Washington to resolve the issue.
The fact sheet accused China of banning exports to the US of gallium, germanium, antimony, and other key high-tech materials with potential military applications.
"Just this week, China suspended exports of six heavy rare earth metals, as well as rare earth magnets, in order to choke off supplies of components central to automakers, aerospace manufacturers, semiconductor companies and military contractors around the world," it added.
According to the fact sheet, processed critical minerals and their derivative products are key building blocks of Amercia's defence industrial base and integral to applications such as jet engines, missile guidance systems, advanced computing, radar systems, advanced optics, and secure communications equipment.
"The United States remains heavily dependent on foreign sources, particularly adversarial nations, for these essential materials, exposing the economy and defence sector to supply chain disruptions and economic coercion," it added.
Trump has paused the additional duties on other nations for 90 days.
On Wednesday, China appointed Li Chenggang, who has decades of experience handling international negotiations and also served as China's ambassador to the World Trade Organization, as international trade representative at the Ministry of Commerce.
The move came after President Trump said the ball was in Beijing’s court to work out a deal to end the tariff deadlock.
