The summit between U.S. President Donald Trump and Chinese President Xi Jinping in Busan, South Korea ended with several outcomes for bilateral ties between the two countries, but also sent ripple effects to India. As a result of the talks, the U.S. has reduced tariffs on China to 47%, making India (and Brazil) at 50%, the highest tariffed country. More than the specific outcomes, including a one-year truce on trade tariffs and export restrictions on rare earth minerals, however, experts said the characterisation by both leaders of the U.S.-China “G-2” or grouping of the two
Continue Reading on The Hindu
This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.