look news india
America has decided to impose higher tariffs on Chinese products. This process will be implemented in a phased manner from the current year to the year 2026.
Then it has become difficult for China to deliver its products to the US before this deadline. Which has affected India. That is, due to all this commotion, India is facing a shortage of containers. Which is a situation that will affect Indian exports. Because, now most of the empty containers are diverted to China. China wants to export its products to the US as soon as possible. So that high rates can be avoided which will be implemented in a phased manner and the demand for Chinese goods will remain in the US market.
US President Biden's administration decided to impose higher tariffs on several Chinese products. These products range from steel to solar cells, batteries and components, electric vehicles and medical products. India's export figures for August and September may fall as containers are now diverted to China. Since, Indian exporters are waiting for containers to export their products. There was a sharp jump in container rates after several incidents of attacks on ships by Houthi rebels, although later container rates saw a decline, but now Indian exporters are facing a different problem amid the US-China high rate dispute.
Since the US has started imposing high tariffs on Chinese goods from August, Chinese exporters are currently exporting their products to the US at any cost to avoid this steep rate. Apart from the US, the European Union and Canada have also imposed high tariffs on Chinese goods.
Another serious problem for India is that many international shipping companies are ignoring many ports in India due to longer routes and the Red Sea crisis, leading to longer transit times, leading to container shortages.
The situation is further aggravated by the neglect of Indian ports by international shipping companies
US President Biden's administration has decided to impose high tariffs on many Chinese products, a process that will continue in a phased manner from this year till 2026.
Many shipping companies ignore many of India's ports because of longer routes and longer transit times due to the Red Sea hazard.
The supply of containers has already been disrupted due to this entire incident
However, government officials have indicated that the worst is over and things will improve in the coming months.