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Trump raised tariffs on chinese goods to 54%, escalating the trade war. India expects to benefit from increased us orders but is cautious about potential negative effects, including the risk of chinese goods being dumped in the country due to excess capacity. With india's tariffs already higher than those of most countries, further increases could be especially damaging.
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Beijing vows countermeasures, likely targeting trumps voter base, while calling for dialogue. The tariffs may also hurt u.s. Negotiators from the us and china are set to begin talks on saturday in geneva, potentially paving the way for a trade deal, after the us president stated that “80 per cent tariffs on china seem right” amid early signs of easing trade tensions between the world’s two largest economies.
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As the us escalates tariffs on chinese imports, crisil warns this could lead to an increase in diverted exports to nations like india.
How will a tariff imposition on china, mexico and canada affect india, global trade? The indian government is assessing the impact of us tariffs imposed on china and is consulting with industry representatives. Analysts warn the dispute could severely disrupt global supply chains. China, heavily reliant on exports, faces economic strain, with gdp growth at risk.
According to president trump, “tariff is the most beautiful word in the dictionary.” throughout his presidential campaign, trump promised to use tariffs as a central part of his foreign policy strategy.
