Trump tariffs push China and India to reconcile
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Their relationship is defined by a bloody border dispute, a vast power imbalance and a fierce contest for influence across Asia. Yet, President Donald Trump’s latest trade war may be achieving the unthinkable: pushing India and China into a wary but tactical embrace.
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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Sourcing Journal on MSNIndia and China: US Tariffs Turn Rivals Toward Friendship in Major Geopolitical Shift
Chinese Foreign Minister Wang Yi arrived in New Delhi on Monday for a two-day visit viewed by many as the first indication of a thaw in relations between two rivals.
From a government guide on working in China to Manila forcing Beijing to adjust its moon mission, here’s a round-up from today’s coverage.
Ecuador, meanwhile, is closely tracking tariffs on India to seize on business opportunities, but producers there will go slow on new investments amid uncertainty over whether India and the Trump administration could strike a tariff deal, said Jose Antonio Camposano, president of National Chamber of Aquaculture of Ecuador.
Chinese Foreign Minister Wang Yi, who arrived in India on Monday, is scheduled to hold talks with Modi and other leaders about the disputed border in the Himalayan mountains. Reducing the number of troops on the border and possibly resuming trade in the contested region are expected to be on the agenda.
It follows his meeting China's Foreign Minister Wang Yi in New Delhi this week.Indian Prime Minister Narendra Modi hailed the "steady progress" made in improving the bilateral relationship with China during his meeting with Beijing's Foreign Minister Wang Yi on Tuesday.
U.S. Treasury Secretary Scott Bessent on Tuesday accused India of profiteering from its sharply increased purchases of Russian oil during the war in Ukraine, saying Washington viewed the situation as unacceptable.