Lessons for India from the US-China trade war
It would be nave on the part of India to remain complacent that Washington will not threaten New Delhi for enhanced market access in agricultural and dairy products, and medical equipment
So, the much-threatened US-China trade war is now inching towards a détente. After two rounds of strenuous negotiations—first in Beijing a fortnight ago and later in Washington last week—the US and China have agreed to suspend their tit-for-tat retaliatory measures. The two countries decided to negotiate a “framework" for fixing the targets that both sides would try and fulfil in both goods and services. Further, issues concerned with imbalances in their bilateral trade will also be simultaneously addressed. Surely, such an arrangement cannot be a one-way street. It is bound to involve give-and-take on both sides.