Connect with us

Business News

Here Is How India Can Greatly Benefit From US-China Trade War



The US-China Trade War has caught China off-guard and has disturbed the Chinese economy big time. Experts feel that India could emerge as a beneficiary of this trade rift between the Asian neighbour and the US. The Confederation of Indian Industry (CII) stated on Sunday that with China coming under immense pressure from the additional tariffs levied by the US, Indian goods may become more competitive.

Experts feel that India should now focus more on the markets in the US and take advantage of the trade war. The CII said that India should now tend to focus more on exports to the US and China as both these nations have now imposed tariffs on imports from each other. CII stated that India should put a greater impetus on the exports of machinery, electrical equipment, rubber, automobile parts, chemical and rubber products to create a winning situation for itself.

The CII also highlighted the fact that textiles, footwear, toys, games.and cell phones industries are becoming highly competitive in India and must be further encouraged. The CII also noted that India should look to encourage more FDI from the US by garnering a greater confidence between the two nations in terms of economic cooperation. The CII stated that for India the key lies in increasing its productivity by achieving technical innovations.

The CII also proposed that India must bank on trade dialogues with the US in a more planned and improvised manner. CII envisages a great opportunity for India as the US looks to oust China by stamping tariffs on almost all imports from China. Donald Trump recently stated that the tariffs are working well and he would not fear imposing tariffs on all Chinese imports.

The CII identified and examined more than 800 production lines in while the US has increased tariffs on Chinese imports. While there was an accelerated growth of the Chinese exports to the US between 2012 and 2017, now the exports have stumbled.

More News at EurAsian Times




Expert Reviews41 mins ago

Why US-Led Alliance Of Asian Nations – India, Japan & Australia Could Fail To Tame China?

Amidst China’s aggressive advances at land and at sea, the United States led Quadrilateral Security Dialogue (QSD) alliance with India,...

EurAsian Region2 hours ago

Russia, China, Pakistan, Iran Start One Of World’s Most Fiercest Military Drills

Russia launched a major military drill on Monday, involving almost 80,000 servicemen. Kavkaz-2020 (Caucasus-2020) is the final stage of annual...

army-soldiers army-soldiers
Featured2 hours ago

Can India’s Indigenous ‘Lightest Bullet Proof Jacket’ Be A Saviour At LAC Against China?

India has successfully developed an armour jacket for security personnel that is capable of protecting against bullets of different threat...

Chinese-Military-Base-Australia Chinese-Military-Base-Australia
Asia Pacific3 hours ago

China’s 3rd Aircraft Carrier Makes ‘Significant Progress’ Amid Conflict With India, Taiwan

China’s second indigenous aircraft carrier and the third in its fleet, the second Type 002’s construction details have surfaced over...

India-Pakistan ties India-Pakistan ties
Featured4 hours ago

Pakistan Rejects Nomination Of ‘Senior’ Indian Diplomat

Pakistan has rejected the nomination of an Indian diplomat for the post of its Charge d’Affaires in Islamabad, terming him...

Putin-Trump Putin-Trump
EurAsian Region5 hours ago

Escorted By Su-35 Jets, Russian Strategic Bomber Tu-160 Breaks World Record

The Russian Tu-160 strategic bombers broke their own world record by taking a non-stop flight of 25 hours. The previous...

rafale-jets rafale-jets
Featured11 hours ago

Indian Rafale Jets, For The 1st Time, Conduct Sorties Over Ladakh

French-origin Dassault Rafale jets, for the first time known, have commenced conducting ‘familiarization’ sorties over Ladakh as tensions between two...

qatar-saudi qatar-saudi
Featured20 hours ago

Qatar Affirms Its Position On Israel-Palestine Issue; Says Ending Israeli Occupation A Must

Qatar on Sunday said it stands by Palestinians and that the long-standing conflict with Israel should be resolved by addressing...

F-15EX-india F-15EX-india
Featured1 day ago

No More Rafales! Why Indian Air Force Could Reject Second Batch Of Dassault Rafale Jets?

As the Indian Air Force (IAF) looks to further bolster its aerial fleet after the successful acquisition of French Dassault...

Americas1 day ago

US To Re-Impose Biting UN Sanctions On Iran Despite Global Objections

The US will reimpose biting UN sanctions on Iran that were removed as part of a 2015 nuclear pact struck...