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While the United States tariff war heats up, Beijing invites PM Modi to stimulate regional cooperation – World News

While the United States tariff war heats up, Beijing invites PM Modi to stimulate regional cooperation – World News

 


World Trade War: China officially extended an invitation to Prime Minister Narendra Modi to visit the country later this year for the Shanghai cooperation organization (SCO). The Chinese ambassador to India, Xu Feihong, confirmed the invitation, saying, warmly welcomed Prime Minister Modi to visit China for the Summit of the OCS this fall. In a written response to India timeXU added that China is ready to work with India and other OCS member states to jointly accommodate a friendly, united and fruitful summit, aimed at inaugurating SCO in a high quality development phase.

Diplomacy in the midst of commercial wars

The invitation comes at an era of intensification of world disputes, especially between the United States and China. President Donald Trump recently imposed prices up to 145% on certain Chinese goods, certain functions reaching 245%. In retaliation, China has levied 125% tariffs from American products. India has also been taken in cross-fires when the United States slapped a 27% tariff on certain Indian exports earlier this year, although a 90-day break has since brought a certain relief.

While trade negotiations between India and the United States are continuing, Delhi would consider other prices reductions to facilitate tensions. The United States had recently been the largest trading partner, bilateral trade reaching $ 190 billion. The two nations, as well as Australia and Japan, are also part of the Quad, a strategic alliance aimed at counterbalanced the growing influence of China in Indo-Pacific.

Xi Jinping Eyes Regional Stability

Meanwhile, Chinese President Xi Jinping finished a diplomatic visit to Southeast Asia, positioning Beijing as a reliable trading partner in the middle of the growing friction with Washington. Earlier this week, during his tour in Southeast Asia, Chinese President Xi Jinping defended the concept of an Asian family to promote regional unit. In a veiled response to American pressure, XI urged solidarity against geopolitical tensions, declaring, together, we protect the brilliant prospects of our Asian family, Bloomberg reported.

Sources

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2/ https://www.financialexpress.com/world-news/as-us-china-tariff-war-heats-up-beijing-invites-pm-modi-to-boost-regional-cooperation/3815509/

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