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Donald Trump's trade war with China could be music for India's ears

A trade war with the US might derail China's Belt and Road Initiative investments, but that's exactly what India wants to hear at the moment

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Subhomoy Bhattacharjee New Delhi
There is a clear advantage for India from the scrap between US President Donald Trump and Xi Jinping, President of the People’s Republic of China, on trade. From March 23, when the US administration imposed new tariffs on steel and aluminium imports from its trade partners that included Chinese companies, through the summer, and to its peak in July, the trade war has become costlier every month. It has costs for both countries though Trump has claimed it would benefit the USA more than hurt it.'

The costs on the USA notwithstanding, the massively rising costs for China could help
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

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