US China Trade War- Opportunities for India
In April 2018 trade war leashed out between US and China when US announced that it will impose additional tariff on goods of Chinese origin. The move by the Trump administration was aimed at correcting the US China trade imbalance, where US has a huge trade deficit with China. Trade war between India’s biggest trade partners can be an opportunity for India if the Government comes up with strategies to tap this huge potential. There are several market access issues with China, which needs to be negotiated and addressed so that Indian products also can find its place in the huge Chinese market. There is a need to work out the strategies to ensure that India benefits from the existing trade war between US and China
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