Opinion | Seven likely outcomes of the US-China trade war
Both adversaries are likely to suffer economic harm but reshaped patterns of trade flows could yield opportunities for India
With the collapse of trade talks on 10 May, the US might soon charge a steep 25% import duty on almost all products from China, though a 25% tariff on $325 billion of mostly consumer goods is yet to be imposed. The escalated tensions will affect more trade than just US imports of $540 billion from China. There are seven likely outcomes of this move.