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Tariff war spin-offs for India
Economy

Tariff war spin-offs for India

Pennews

The tariff war between the US and China is benefitting India as its exports to that country have increased by about 25 per cent during the June-November 2018 period to 8.46 billion dollars , apex exporters body FIEO said.

Exports to China had stood at 6.37 billion ollarsin June-November 2017.

In June and September 2018, the US announced high customs duties on several Chinese goods. In retaliation, China also raised levies on American goods.

'The US-China tariff war is benefiting India. Exports to China jumped from 6.37 billion dollars in June-November 2017 to 8.46 billion dollars in June-November 2018, the Federation of Indian Export Organisations (FIEO) President, Mr.  Ganesh Kumar Gupta, said.

He said commodities that have exhibited high growth during the period to China include petroleum products, chemicals, cotton yarn, plastic raw material, and marine products.