look news india
Mumbai: Amid the possibility of the Tariff War to reach the peak of the Tariff War between the US and China, Indian authorities have started strict monitoring on imports in the country, especially on imports from China.
The US will increase the prices of Chinese goods in the US due to heavy mutual tariffs on Chinese goods, and if they are not consumed at high prices, it will increase the possibility that China will dump its goods in other countries.
Government sources said that several meetings have been held in the last two days by the Ministry of Commerce of the country. The possibility cannot be ruled out that China can provide goods to Indian buyers at cheap prices to deal with its additional supply. The biggest shock of America’s mutual charges may fall on China and Vietnam.
India is currently investigating anti-dumping on many Chinese goods. Its dumping of dumping is going on, including chemicals, glass fiber, coke, crane etc. China has already started selling more goods to India, reducing its trade with the US. However, sources also said that India maintained its mechanism to ensure that the industries of the country are not damaged.
During the April-February period of the last financial year, India imported $ 103.70 billion from China. According to Commerce Ministry data, it is 10.40 percent higher than the same period last year, while India’s exports to China declined by 15.70 percent to $ 12.70 billion during this period.