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China On US Tariffs: The thing that was being speculated between the US and China since the heavy trading tension was finally proving to be true. India is now getting the benefit of this entire controversy. Beijing told New Delhi that it is ready to import more and more premium goods of India. Not so much, he further said that the Chinese market is also ready to help the Indian business.
According to a report, the trade deficit between the two countries has increased to about 99.2 billion dollars. Chinese Ambassador Xu Feihong appointed in India during an exclusive interview to TOI has also hoped that the Government of India will not discriminate for Chinese companies and will adopt complete transparency in business.
China now supports India
He also cited PM Modi’s recent statement, in which Indian Prime Minister Narendra Modi said that competition would not be allowed to be converted into struggle. Shoo Fihong further said that talks are necessary for permanent and collaborative relations and China is ready to welcome PM Modi’s warmth in the Shanghai Cooperation Summit (SCO) to be held this year.
On the question of America’s reciperook tariff, the Chinese ambassador said that it is the responsibility of China and India to unite and protest both countries of any manner of integrity and protectionism. Along with this, he also responded to people’s contact with people to increase India’s concerns about China’s export control on manpower and equitupping, the role of Brahmaputra River and the role of media and mutual cooperation.
Trump’s bet turned upside down
Significantly, on April 2 of this month, US President Donald Trump announced to impose recipes on countries around the world. After his decision, there was panic in the stock markets around the world and the market crashed badly. Billions of dollars of investors were drowned in this. In view of this loss of the economy, the tariff was banned for 90 days by Trump. But China was excluded from this relief.
China retaliated and increased the tariff over America, while the US also increased the tariff on Beijing. However, now Trump said that he is ready to negotiate this entire issue with Beijing. The direct impact of this trade war is visible on the US dollar, the price of which is continuously falling. In such a situation, by confidence of the investors, Trump has forced to think again on his step.
