Trump’s tariff has caused a ruckus in Asia-Europe’s stock markets. The new government of America has imposed strict tariffs on India and China under its US First policy. Additional tariffs of 34 percent on China and 26 percent on India have been imposed. Meanwhile, China said that India-China should stand together to counter the tariff imposed by US President Donald Trump’s administration.
The Chinese Embassy spokesman U Jing in India posted a post on X, “China-India economic and business relations are based on each other’s benefits. To compete with the situation that has been created after misusing the tariff from the US, the two largest developing countries (India and China) must stand together to counter the situation that has been created.”
In response to Trump’s tariff, China imposed a 34 percent tariff on the US. With this action of China, Trump threatened to impose 50 percent tariff on sugar imports. A spokesman for the Ministry of Chinese Commerce said that if the US enhances its tariff measures, China will take firm retaliation to protect its rights and interests. He said that American threat to increase tariffs on China is a big mistake and once again reveals America’s blackmailing nature.
(This story is being updated …)
https://www.abplive.com/news/world/india-china-should-stand-together-against-us-donald-trump-tariffs-2921232
