US-China trade war escalation creates opportunities for India in manufacturing sectors.

The escalation of the US-China trade war is likely to boost India's exports and draw American investments, according to the Global Trade Research Initiative. New US Senate bills aim to counter Chinese trade practices, creating opportunities for India in manufacturing sectors like electronics and textiles. However, concerns exist about potential Chinese product dumping in India, prompting calls for protective measures. The US has imposed tariffs on Chinese goods ranging from 7.5% to 100%.

October 04, 2024
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