Third countries like india are being severely affected by the China-US trade war. In this situation, both countries have agreed to resolve the problem through talks. Accordingly, high-ranking officials of both countries have held talks for 8 hours in Geneva. india expects an agreement to be reached in this. Chinese Vice Premier He Lifeng and US Treasury Secretary Scott Besant, and Trade Representative Jamieson Greer were involved in these talks. Regarding the talks, trump said, "Relations between the two countries are continuing again. The Chinese market must be opened to American businessmen." As of today, both countries are imposing heavy tariffs. The US has a tariff of 145% for china and 125% for China. The purpose of the talks is for both countries to reduce the tariff.
In particular, the US wants to reduce the trade deficit of $295 billion. That is, china trades with the US. The US has not been able to trade with china to that extent. This trade deficit is $295 billion. trump wants to compensate for this. He is asking the US to treat him equally. This tariff issue has affected not only the US-China but also India. For example, the trade war caused by the tariff has weakened the value of the rupee. The indian rupee has continued to decline against the US dollar. This will have an impact on foreign exchange.

Similarly, cotton, medicines, etc. that we used to export to china are currently not being exported. Or are being exported in very small quantities. The electronic goods that we need to get from there have also decreased. Therefore, the smartphone and automobile industries in india have taken a heavy hit. This has increased the prices in this sector. On the other hand, some positive things have also happened to us. Especially the Make in india program has gained momentum. Similarly, relations with the united states have also strengthened. However, when the world economy is in a slowdown, no matter how much india tries, it cannot grow beyond a certain level. That is why india expects the China-US panchayat to be resolved. If the problems are resolved, new markets will open. Foreign investments will come in without any hindrance. But political experts have said that the issues will not be resolved for now.
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Sowmiya Sriram

11/05/2025 12:21 PM