Mumbai: There is only a few hours left for the American tariff war to begin, so China is seen taking a cautious stance in its business relations with India. A report said that Chinese Ambassador Zhu Fiyong had offered to buy more goods from India to maintain trade balance with India.
The report quoted the Chinese Ambassador to India as saying that we are ready to further strengthen cooperation in trade and other areas and import more Indian products to China.
The amount of bilateral trade between the two countries in the financial year 2023-24 was $ 101.70 billion. In which India’s trade deficit is very big. According to government data, India’s main exports to China include petroleum oil, iron ore and marine products.
In the financial year 2023-24, India exported $ 16.60 billion to China. China’s statement is considered to be symbolic at a time when US President Donald Trump is preparing to impose mutual tariffs on countries around the world from Wednesday 2 April. India imports many items from China, including electronic goods, steel, semiconductor and pharmaceutical raw materials.
Recently, in a podcast, Narendra Modi praised Trump fiercely. Modi said that there is also a discussion with Chinese President Xi Jinping to make the situation on the Indo-China border peaceful. In 2020, relations between the soldiers of the two countries deteriorated after a clash.
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