Given the interconnected nature of nations, the world’s two largest economies are also mutually dependent.
The relationship between these superpowers experiences fluctuations. President Joe Biden recently announced a significant increase in tariffs on a range of Chinese imports, potentially reshaping international trade and geopolitics dynamics amidst ongoing tensions.
This decision to raise tariffs is in response to what the American administration perceives as unfair trade practices by Beijing. For India, a pivotal player in the broader IndoPacific region, the heightened US tariffs on certain Chinese imports hold significant implications.
This story is from the June 01 - 30, 2024 edition of BUSINESS ECONOMICS.
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This story is from the June 01 - 30, 2024 edition of BUSINESS ECONOMICS.
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