CHINA-US TRADE BATTLE WILL HELP INDIA
BEIJING WILL BE FORCED TO MAKE LARGER INVESTMENT
2017-02-20 13:27
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Notwithstanding US President Donald Trump’ climb-down on One China policy, tension brews over the Sino- USA trade and investment. It is unlikely that Trump’s assurance to follow 40 years USA’s One China policy will soothe the relation and retrieve the normal trade relation. Though the White House statement viewed Trump’s direct telephonic call to President Xi Jinping very cordial and ensuring for a substantial dialogue between Washington and Beijing to re-rail the ties, normalization of trade tension is a far cry. China is the trigger for USA’s wide trade deficit. It accounts for 48 per cent of USA‘s global trade deficit and causing a big damage to the American jobs opportunities.