India on High Alert Over China: After US President Donald Trump imposed tariffs on almost all countries, new turmoil has started in global trade. In such a situation, all countries have to choose between new markets for their products or less profit. India and China are also involved in this race.
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India on High Alert Over China
After this tariff war, Indian agencies have become cautious about imports coming from China. The main reason for this is that China may send its surplus products to India after the US imposed a 34 % tariff. Because India has always been a big market for Chinese goods.
What is said, Indian Officer?
According to an Indian official’s statement, the agencies are currently noticing any unusual increase in imports coming from China and ASEAN countries. A senior official, on the condition of anonymity, said that all the big economies are worried after the US started the tariff war.
Countries can, at this point, send their surpluses either directly or through another country (with which they have a free trade agreement), including China. The officer said that to deal with this problem, our customs officers are constantly monitoring and are on high alert to detect any such dumping. Apart from this, we also have many legal means to protect our domestic industries from such irregularities.
Finance Ministry say about India on High Alert Over China?
Another Finance Ministry official said that the Narendra Modi government is constantly pressuring the ASEAN countries to remove the flaws in our agreement. We hope that the revised agreement will be implemented by the end of this year.
The agreement made in 2009 under the UPA government was hasty. The current government of India wants to resolve this deal through renegotiation. Because somewhere there is evidence that goods from China and other non-ASEAN countries are reaching India through ASEAN countries.
What is ASEAN?
- The Association of South East Asian Nations (ASEAN) is a group of 10 Southeast Asian countries that work together to promote economic growth and prosperity and to maintain peace and stability in the region.
- This organization of ASEAN countries includes Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam.
- The Association of South-East Asian Nations (ASEAN) was established on 8 August 1967.
- Its headquarters is in Jakarta, the capital of Indonesia.
- Malaysia will assume the chairmanship of ASEAN on January 1, 2025.
- The theme of ASEAN 2025 is ‘Inclusiveness and Sustainability.
iPhones are only manufactured in India and China, and both these countries have been slapped with 26% and 54% tariffs by the US President, respectively.
— Outlook Business (@outlookbusiness) April 7, 2025
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As Trump’s tariffs announcement has shaken the world, the iPhone maker is yet to decide…
India on High Alert Over China: Apart from the Indian government, Indian industries had also expressed their concern over the imports through this route. Because after the imposition of tariffs by the US, there may be an increase in the movement of goods on this route.
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