Govt Weighing 'Full Impact' of Trump's Tariffs on China

INCREASED DUMPING BY CHINA A POTENTIAL FLIP SIDE TRADE WAR

- FE BUREAU

The government will assess any positive or negative implications for India from the tariffs that have been imposed by the US on China, a senior official said on Thursday.

Though the duties on China are prima facie expected to boost exports from India to the US due to the duty arbitrage, the chances of dumping of goods from the neighboring country has to be taken into consideration as it has excess capacity in almost every sector, the official added.

On February 1, the US imposed 10% tariffs on Chinese goods. China has retaliated to the additional duties by the US and has also filed a complaint at the World Trade Organization (WTO) calling the recent tariff action discriminatory.

"We are trying to analyze the announcements made by the US on increasing tariffs. We will take the decision in due course."