Beijing21 minutes ago
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There is a business of Rs 49 lakh crore between China and America, in which America has a trade deficit of Rs 24 lakh crore.
The tariff on American products by China will be applicable today i.e. Monday. China has imposed this tariff in response to 20% extra tariffs imposed by the US.
In fact, US President Donald Trump decided to impose a 10% extra tariff on China on 1 February. A month later, Trump increased 10% of tariffs imposed on China to 20%.
After this, China had announced 15% tariffs on coal-LNG coming from the US and 10% tariffs on crude oil, agricultural machinery and large engine cars.
China will suffer two and a half times more damage than America Tariff War has started once again between the two countries like Trump’s previous term. Experts estimate that China will suffer two and a half times more loss from the US in this fight.
The American tariff includes sugar goods worth about Rs 39 lakh crore, while the Chinese tariffs include American goods worth Rs 1.73 lakh crore. China’s economy may be 4.1% in 2025 due to tariff war, it was 5.4% in the fourth quarter of 2024.
In the next 4 years, the US GDP may fall by Rs 4.77 lakh crore and Chinese economy may fall by Rs 11 lakh crore.
What is the effect of China-US tariff war on India According to Oxford Economics, India was the fourth largest beneficiary between 2017 and 2023 from Trip’s previous term. However, this time the situation can change.
According to a report by Credit Rating Agency Crisil, China can increase its exports aggressively in Asian markets after the US tariff.
This will lead to difficulties in competition with China in regional and global markets. This will have a direct impact on Indian exports. This also causes risk on global trade.
China reached WTO against America American goods reaching China from today will have high tariffs on chicken, wheat, maize and cotton from now on, while soybean, jowar, pork meat, beef, aquatic products, fruits, vegetables and dairy products will be slightly lower.
Apart from this, China has filed an appeal against the US tariff in the World Trade Organization (WTO). China says the US tariff is a violation of WTO’s rules.
Industries such as US defense, electronics and industrial manufacturing depend on Tungsten. However, Chinese action is not very effective on America.
The difficulties of the Chinese economy may increase On returning to the President’s Office in January, Trump announced a tariff on several American trading partners including China, Canada and Mexico. The White House has alleged about China, Mexico and Canada that these countries are reaching the US illegal immigrants and Phantanel drugs.
According to experts, the Chinese economy already struggling with economic crisis can lead to more difficulties than American tariffs. Its effect is also visible.
In the first two months of 2025, China’s exports have increased at a rate of just 2.3%, compared to an increase of 10.7% in December last year.
Trump will impose a tit tariff from April Trump has announced to install Tit tariffs like worldwide since April 2. He says that whatever the tariff is put on us, we will also apply it on it. Trump wanted to implement it on 1 April, but he did not want people to consider it as ‘April Fool’.
Trump said that under his administration, if a company does not make its own product in the US, it will have to give tariffs. In some cases, this tariff will be very large.
He said that other countries impose heavy tax and tariffs on America, while America imposes them very little. This is very unjust. Other countries have been putting tariffs on us for decades, now it is our turn.
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