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Topic: Trade War
A careful analysis of Trump’s policies on China reveals that the primary driver is self-interest. And India can’t count on it.
Reproducing the kind of supply chains, marketing access & existing contacts built up by manufacturers in China’s industrial cities is a big challenge.
US and China have been locked in a trade war for a year, which included Trump slapping huge tariffs on Chinese goods.
Tensions between China and the US force nations to take sides. It’s a path that’s grimly reminiscent of the aftermath of World War II.
Maritime shipping volumes grew just 2.7% to 11 billion tons last year, says United Nations Conference on Trade and Development, in its annual review.
Modi has at last found a way to be useful to Trump.
Modi govt has asked China to provide quick clearances for made-in-India drugs at the India-China Strategic Economic Dialogue meet held between 7-9 September.
Overall atmosphere of the meeting was reported to be tense with leaders exchanging barbs.
The benchmark S&P BSE Sensex ended 0.3% lower at 39,714.20 in Mumbai, after a volatile session during which it gained as much as 0.7%. The NSE Nifty 50 Index retreated 0.2%.
As US and China slap fresh tariffs on each others goods, stocks and industrial output has fallen, leading to an investment slow down.