U.S. President Trump Forcing India to move closer to China
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China's top diplomat landed in neighbouring India on Monday, seeking to bolster long-fraught relations in the face of intense pressure and tariffs from the United States.Foreign
India is proposing a three-year import tariff on certain steel products, specifically targeting shipments originating from China, the world’s leading steel producer. The proposed tariff aims to curb the influx of these imports into the Indian market,
Chinese Foreign Minister Wang Yi begins a three-day visit to India on August 18, holding a crucial bilateral with EAM S Jaishankar, having boundary talks with NSA Ajit Doval, and meeting PM Narendra Modi.
India has recommended a three-year import tariff of 11%-12% on some steel products to curb shipments from top producer China.
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During the meeting today, EAM Jaishankar conveyed that India and China should adopt a "candid and constructive" approach in moving ahead in the ties that must be based on mutual respect, mutual sensitivity and mutual interest. He pitched for taking forward the de-escalation process in the border areas.
If approved, the proposed tariff on steel imports would begin at 12% in the first year, reduce to 11.5% in the second, and further drop to 11% in the third.
President Donald Trump has delayed tariffs on Chinese goods from resuming for another 90 days, extending the deadline until mid-November as global trade tensions continue to reshape economic relationships across Asia and beyond.
The United States and China agreed to pause tariff hikes on each other’s goods for an additional 90 days, a White House official told CNN. Without the agreement, tariffs were set to immediately surge,