China has been searching for new alliances and trade partners due to the effects of a sustained trade dispute with the US. The White House has imposed billions of dollars in tariffs on China, with Beijing imposing reciprocal restrictions on US goods.
China has proposed unity to the Indian government in an attempt to bypass “protectionist” and “unilateral” trade policies imposed by the US against various countries since the beginning of the Trump administration.
The US has slapped 25 percent tariffs on Indian steel and 10 percent on aluminium. Earlier this month, the US stripped India of its special trade status, an arrangement which allowed for an annual export of over $5 billion worth of goods to the US. These latest moves have begun to strain Washington’s relations with New Delhi. Read More…
