04-April-2025
Economy News
 
Trump's tariff threat is turning two of the world's biggest foes into friends
02-Apr-2025

China is willing to buy more Indian products to balance trade, Beijing’s Ambassador Xu Feihong said just ahead of a US tariff announcement expected to hit the south Asian neighbors. “We are willing to work with the Indian side to strengthen practical cooperation in trade and other areas, and to import more Indian products that are well-suited to the Chinese market,” the ambassador to India was quoted as saying by China’s state-run Global Times, in a story posted Monday. Bilateral trade between the neighbors stood at $101.7 billion in 2023-24, according to India’s trade ministry, with India running a significant deficit.

News Source:- https://economictimes.indiatimes.com/news/economy/foreign-trade/china-ready-to-buy-more-products-from-india-as-us-tariffs-loom/articleshow/119861532.cms