China’s stance on US tariffs highlights a potential shift in regional alliances and trade dynamics.
**Beijing Denounces US Tariffs on India, Calls for Strengthened Sino-Indian Ties**
**Beijing Denounces US Tariffs on India, Calls for Strengthened Sino-Indian Ties**
Amid rising tensions, China's ambassador urges cooperation over conflict as US tariffs escalate.
In a firm address during an event in Delhi, Chinese ambassador to India, Xu Feihong, expressed Beijing's strong disapproval of the United States' recently imposed tariffs on India, dubbing the US behavior as that of a “bully.” He criticized the tariffs, which have soared to 50%, as an unfair tactic to pressure other nations into compliance, saying, “The US has benefited from free trade but is now leveraging tariffs as coercion.” His comments come after the Trump administration implemented a 25% penalty on Indian imports and additional tariffs on Russian oil and weapon purchases, with new rates set to take effect on August 27.
India has defended its import of cheap Russian crude in light of the Ukraine war, stating its responsibility to provide affordable energy to its populace, despite rising tensions with the US impacting trade negotiations. The Biden administration’s previous encouragement for India to procure Russian oil now seems contradictory to the imposition of new tariffs, underscoring the complexities of international trade relationships.
Amid the rift with the US, India and China appear to be recalibrating their diplomatic and economic ties following a significant downturn after the 2020 Galwan clashes. Recently, Chinese Foreign Minister Wang Yi’s visit to Delhi emphasized a desire for collaboration instead of confrontation, signaling a potential thawing in relations. Xu echoed these sentiments, calling for India and China to recognize each other as economic allies rather than rivals.
Highlighting the importance of economic collaboration, Xu referred to the two nations as "double engines" of growth in Asia and encouraged further Indian investment in China, urging for a conducive business environment for Chinese enterprises in India as well.
Xu stated, “Current trends of tariff and trade wars are undermining the global economic framework and creating political discord,” while affirming China’s position alongside India to support the World Trade Organization’s principles amid the escalating global economic challenges. He also noted that Prime Minister Narendra Modi's upcoming visit to China for the Shanghai Cooperation Organisation summit promises to revitalize Sino-Indian relations.
India has defended its import of cheap Russian crude in light of the Ukraine war, stating its responsibility to provide affordable energy to its populace, despite rising tensions with the US impacting trade negotiations. The Biden administration’s previous encouragement for India to procure Russian oil now seems contradictory to the imposition of new tariffs, underscoring the complexities of international trade relationships.
Amid the rift with the US, India and China appear to be recalibrating their diplomatic and economic ties following a significant downturn after the 2020 Galwan clashes. Recently, Chinese Foreign Minister Wang Yi’s visit to Delhi emphasized a desire for collaboration instead of confrontation, signaling a potential thawing in relations. Xu echoed these sentiments, calling for India and China to recognize each other as economic allies rather than rivals.
Highlighting the importance of economic collaboration, Xu referred to the two nations as "double engines" of growth in Asia and encouraged further Indian investment in China, urging for a conducive business environment for Chinese enterprises in India as well.
Xu stated, “Current trends of tariff and trade wars are undermining the global economic framework and creating political discord,” while affirming China’s position alongside India to support the World Trade Organization’s principles amid the escalating global economic challenges. He also noted that Prime Minister Narendra Modi's upcoming visit to China for the Shanghai Cooperation Organisation summit promises to revitalize Sino-Indian relations.
