Trade war narrows down to US-China, Chinese trade deflection a real worry

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The story "Trade war narrows down to US-China, Chinese trade deflection a real worry" was covered 15 hours ago by Business Standard, a news publisher based in India.

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Trade war narrows down to US-China, Chinese trade deflection a real worry - Business Standard

Quick Summary:

As regards, leveraging opportunity to fill the potential space vacated in the US market due to China facing near prohibitive tariff, India seems to be not in favour of following any targeted strategy.

South America is expected to see a 9 per cent increase in Chinese imports this year, while all other markets are projected to see import increases of between four to six percent.

Though this hasn’t helped India to pre-empt US action on reciprocal tariff, but the formal trade talks have begun, which would be helpful.(These are the personal opinions of the writer.