The trade war between the USA and China has rumbled on for several months now, as leaders Donald Trump and Xi Jinping trade blows by imposing ever-increasing tariffs on goods imported from one another’s nations.
Each new import tax levied by the US has been met by a retaliatory response from its Chinese counterparts, with hundreds of billions of dollars’ worth of goods being affected on both sides. Yet as a truce breaks out between the two countries, with no new tariffs to be introduced within 90 days, India may also be watching closely. The outcome of the US-China talks may hold significant implications for the influential South Asian nation and its diverse exports.
India has long benefitted from exporting a wide range of goods to the US. Everything from luxury items like pearls and other precious stones, to key manufacturing parts like rubber and silicone washers, have made their… Read the rest Read more