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Indian industries stand to benefit in raising of tariff on Chinese imports to the US
BUSINESS ECONOMICS
|June 01 - 30, 2024
A delicate balance of power and influence exists between the United States of America and China.
Given the interconnected nature of nations, the world’s two largest economies are also mutually dependent.
The relationship between these superpowers experiences fluctuations. President Joe Biden recently announced a significant increase in tariffs on a range of Chinese imports, potentially reshaping international trade and geopolitics dynamics amidst ongoing tensions.
This decision to raise tariffs is in response to what the American administration perceives as unfair trade practices by Beijing. For India, a pivotal player in the broader IndoPacific region, the heightened US tariffs on certain Chinese imports hold significant implications.
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