TRADE WAR MORE RHETORIC, LESS ON IMPACT
INDIA SHOULD WORRY ABOUT RETALIATION BY US PARTNER COUNTRIES
2018-03-28 10:00
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Amidst the revision of Chinese Constitution, which will permit Xi Jinping to be the perpetual head of Communist Party after the expiry of his second term, Trump’s escalation of tariff on steel and aluminum imports and asserting further tariff rampage on Chinese exports worth of US$ 50 billion spooked an air of suspense over a global trade war. Trade analysts are in a fix to deduce whether Trump’s protectionist measures, which target China, would really instigate China for retaliatory actions or the dispute would be settled through political and economic adjustments through negotiations. Till now, China refrained from taking any retaliatory measures. Instead, it relied more on mustering global support to stymie USA’s measures.