As the US and China agreed to reduce tariffs on each other's goods, India can use this as leverage to strengthen exports in sectors that remain relatively insulated from US-China trade, SC Ralhan, President of the Federation of Indian Export Organisations (FIEO), said.
The Indian rupee is likely to trade with an appreciating bias in the near term, supported by a mix of favorable domestic and global factors, according to a recent report by Bank of Baroda.
India must engage with both the US and China and it should not draw itself into any binary amid the trade wars between economic giants, Ajay Srivastava, founder of Global Trade Research Initiative (GTRI) said in a note.
White House Press Secretary Karoline Leavitt responded to questions on China during the White House Press Briefing on Tuesday (US Local time) and shared with media Donald Trump's additional statement on China.
By Thursday, hardly any cargo ships were headed to the US from the once-bustling ports of Shanghai and Guangdong, while export factories in provinces vital to China's export economy have largely come to a standstill, according to sources within the country, as highlighted by RFA.
As the US and China engage in a tariff war, Tanvi Madan, Senior Fellow at the Brookings Institution, said on the sidelines of the Carnegie Global Tech Summit that India is going to be carefully watching these developments. She also spoke about the increasing Indo-US partnership across areas
Indian export leaders are optimistic that the ongoing US-China trade tensions could create significant opportunities for India in both trade and foreign investment, according to statements from key industry figures.
European Commission President Ursula von der Leyen welcomed US President Donald Trump's decision to pause reciprocal tariffs for over 75 countries, calling it an important move to stabilise global trade amid escalating tensions between the US and China.
China's State Council Information Office on Wednesday released a white paper titled "China's Position on Some Issues Concerning China-US Economic and Trade Relations." The paper alleged that friction in trade between the US and China has significantly impeded normal economic and trade coo
US President Donald Trump on Sunday warned of new and significantly higher tariffs on Chinese goods if Beijing does not withdraw a recent 34 per cent retaliatory tariff hike, threatening to end all ongoing talks with China.
Congressman John Moolenaar, who chairs the House Select Committee on China, released a statement endorsing President Trump's declaration of new tariffs aimed at Chinese imports, based on a report from the Select Committee on the CCP (SCCCP).