The United States has increased trade tensions by imposing new tariffs on imports from Canada, Mexico, and China. These include 25% tariffs on Canadian and Mexican goods and 20% on Chinese products, leading to a sharp drop across global stock markets and strong reactions from these countries, hitting back with...
Under Joe Biden, US & India have to be more accommodative on specific transactional issues hampering their limited trade deal. It is important for the world’s oldest and largest democracies to factor in the broader geostrategic contours of their economic partnership in the post-COVID world, for which the Quad could...
Most Favoured Nation is a non-discriminatory trade policy that requires a country to provide any concessions, privileges, or immunities granted to one nation in a trade agreement to all other World Trade Organization member countries. According to the World Trade Organisation rules, the most-favored-nation (MFN) clause denotes the equal treatment...
China is expected to lose more from escalation of tariffs as a result of the US-China trade war. On the other hand, analysis shows that India presently has an opportunity to benefit to the extent of 0.085% of its GDP. • The decline of US-China bilateral trade is only indicating...
Tariff cuts will translate into actual benefits only if Indian agricultural products are able to get market access in China. From the Indian side, the backward linkages need to be strengthened not only to boost the Indian exports, but also to reduce wastage at the farm level. The US and...
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