
US President Donald Trump has opened such a dam that the stock market around the world is getting a shock. On April 2, Trump started the trade war by announcing a counter -tariff on all countries around the world. When the US imposed 34 percent tariff on China, China also retaliated and imposed 34 percent tariff on America. Trump then threatened China that the US would increase the tariff to 50 percent. In such a situation, China has vowed to “fight till the end” against the tariff of America on Tuesday. This increased the trade war that has already eliminated trillions from global markets. Away from the tariff on tariff, India has adopted the path of dialogue and agreement.
Trade war at its peak between America and China
The trade war between the US and China is visible at the peak. Trump threatened China that if he did not remove its counter -tariff, the US would increase its tariff from 34 percent to 50 percent. If Trump does this, then the total tariff on Chinese goods inside America will increase to 104 percent. Trump said in the White House, “I respect China a lot but they cannot do this .. We are going to make an effort on it … I will tell you what, to do so (to increase tariffs).”
A spokesman for the Beijing Ministry of Commerce Ministry said on Tuesday, April 8, “If America insists on following this path, China will fight it till the end.” He said Trump’s threatening “Once again reveals America’s blackmailing nature .. If the US enhances its tariff measures, China will strongly retaliate to protect its rights and interests.” At the same time, China reiterated that it wants “interaction” with the US, and “there is no winner in the business war”.
India is adopting the path of dialogue
India has not decided to retaliate like China on the tariff. He hopes that this situation can be dealt with by negotiating and by doing business agreement as soon as possible. India’s Foreign Minister S Jaishankar and US Secretary of State Marco Rubio agreed on Monday on the need to complete the proposed Indo-US bilateral trade agreement soon. A few days after Trump’s announcement of counter -tariffs on about 50 countries including India, the issue arose prominently in a phone conversation between Jaishankar and Rubio. Jaishankar gave information about the phone conversation in his social media post.
Good to speech with @Secrubio Today.
Exchanged Perspectives on the Indo-Pacific, The Indian Sub-Continent, Europe, Middle East/West Asia and the Caribbean.
Agreed on the important of the early conclusion of the bilateral trade agreement.
Look forward to remain in touch.…
– Dr. S. jaishankar (@drsjaishankar) April 7, 2025
This medium route of India is a separate stand in itself. On one hand, some countries like China and Canada have retaliated with Tit Tariff. At the same time, countries like Israel and Vietnam are reducing their tariffs to avoid Trump’s tariff, many are meeting Trump. But in the meantime, India has adopted a different route. He said that he will not retaliate on the US 26 percent tariff declaration nor will he reduce the tariff already implemented on America. In place of this, India is trying to make a trade agreement to make the two countries “Win-Win” trade and to complete it as soon as possible.
Also read: Trade war, recession, retailing… Understand the meaning of the words going viral with Trump’s ‘tariff bomb’
(Tagstotranslate) Us tariff