Explained: How US-China tariff wars are likely to impact India | Explained News, The Indian Express

Explained: How US-China tariff wars are likely to impact India | Explained News, The Indian Express

Edited by Explained Desk |New Delhi |Updated: May 10, 2019 12:28:08 pm

Explained: How US-China tariff wars are likely to impact India

The benchmark Sensex at the Bombay Stock Exchange has been falling in line with the global markets that have been falling over fears of the escalating trade war between the US and China.

In this Nov. 9, 2017, file photo, U.S. President Donald Trump, right, chats with Chinese President Xi Jinping at the Great Hall of the People in Beijing. (AP Photo: Andy Wong)

On Friday, the US’ decision to hike tariffs to 25 per cent on $200 billion worth of Chinese goods took effect, a move that could impact goods trade in more than 5,700 product categories and spark off another round of tariff wars between the two largest economies of the world.