Trade between America and China: The war has reached its peak. Amidst this trade war, the US is constantly making statements that it is ready to interact with China. But instead of negotiating, China is putting tariffs on tariffs and working improperly. Amid growing controversy between the two countries, the White House once again clarified on the issue of China tomorrow that China would have to deal with America. China will have to take a decision. America will not back down on tariff issue. President Donald Trump announced a 145 percent tariff on China. In response, China imposed 125 percent tariff.
White House Press Secretary Caroline Lewitt said that the President has made his views clear on China. However, I have a statement that he handed over to me in the Oval office. He has said that China will have to take a decision. China will have to deal with us. We have nothing to do with him. China is no different from any country in the world. China needs us. We need money. If China is ready to talk, we are ready to discuss with it.
Opportunities for India
The NITI Aayog report states that the US tariff burden on China has created opportunities to increase India’s exports in global electronics and component markets. Therefore, it has been recommended to focus on solutions to promote local industry, create campuses on global platform and to reduce costs. According to the report, India is at a significant turn, where it has an important opportunity to convert its hand and electrical equipment industry into global export superpower. The region has a capacity to export more than $ 25 billion by 2035.
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