US-China Trade War: A Goldmine for Indian Exporters & Businesses
Donald Trump achieved a significant majority in the US presidential election, intensifying threats of sanctions, trade controls, tariffs, and countermeasures. The Trump administration will impose billions of dollars in tariffs on Chinese imports. This will make it difficult for exporters from China to enter the US market, affecting the overall export market and its share.
To support and sustain the export growth and domestic market, China retaliated with tariffs on USA exports to China and imposed trade control on several American companies. These protectionist policies affect global supply chains, increasing the cost of goods for businesses and consumers. Further, it will affect the trade volume between the two economic giants. Here is a breakdown of bilateral trade between China and the US trade with export commodities to understand how it will force them to look alternative markets for expansion –