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Excerpt from www.deccanherald.com
New Delhi: The escalation of a trade war between the US and China may push Beijing to dump goods in the Indian markets, economic think tank GTRI said on Tuesday.
In this backdrop, the commerce ministry’s investigation arm Directorate General of Trade Remedies (DGTR) has to remain vigilant, it said.
The US on Tuesday reignited the trade war with China by announcing a series of proposed tariff increases on imports including electric vehicles (EVs), batteries, and various other goods.
“The raising of tariff on EVs, batteries and many other new technology items by the US may push China to dump these products in other markets including India,” the Global Trade Research Initiative (GTRI) said.
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