Before the protectionist offensive of Donald Trump, India and China are reinforcing their economic ties, relaxed from mortal confrontations in 2020 between the two countries. Since the thunderous return of Donald Trump to US affairs, the two Asian giants have been the privileged objectives of the new customs surcharges imposed by the White House.
If he decided to extend the truce for 90 days with China, with which the United States had committed in spring in a commercial confrontation with exorbitant customs rights, Donald Trump still threatens to impose a 50% customs surcharge in Indian imports with signed 25% today by the end of August, if India does not stop in Russian oil.
But India touches the confrontation with the United States. Indian Prime Minister Narendra Modi said he was ready to pay the “price” of the defense of Indian economic interests against Donald Trump’s prices.
What brings Beijing and New Delhi, reports Bloomberg. The direct air links between the two countries, suspended for five years, could be resumed next month and the airlines have already been informed of this proposal, says the US economic media, citing sources close to the negotiations. India and China agreed in January to restore direct air connections between the two countries, without giving a specific date.
Possible fashion visit in China
Narendra Modi could also go to China at the end of August to meet with Chinese President Xi Jinping, who would be his first visit to the neighboring country since 2018. In addition, India recently authorized tourist visas for Chinese citizens after years of restrictions, specifies Bloomberg, who also adds that the Adani Indian group is studying the Chinese electric vehicle. Batteries in India.
For its part, China has also shown some favorable signs for a thaw of Sino-Indian relations. Beijing recently softened the restrictions on Urea expeditions, a fertilizer necessary for Indian agriculture, to India.
For five years and mortal clashes between the two armies on the Himalayan border, reports were executed between Beijing and New Delhi. But economic interests gather the two countries, often qualified as interdependent rivals. The Indian economy is largely based on Chinese imports of manufacturing products and continues to depend on Chinese technologies in certain key sectors, such as energy or semiconductors.
Source: BFM TV
