BRICS: India to Turn on US, Join China in Trade War?
With the arrival of United States President Donald Trump’s Liberation Day economic policy, the world has been subject to an influx of tariffs. Now, despite its increased relationship with the country, BRICS nations may band together, with India potentially joining with China amid a brewing trade war with the US.
A Chinese Embassy spokesperson in India recently called for the nation to stand with its BRICS ally against the US Trump administration. Specifically, spokesperson Yu Jing called for the nations to join forces to “overcome the difficulties” of the recent tariff plan, according to a Reuters report.
Also Read: BRICS Divided on US Dollar Replacement
BRICS Nations to Join Forces? China Calls for India to Stand With It in Opposition to Trump Tariffs
In early April, US President Donald Trump threw a wrench into global economics. Indeed, he announced the arrival of a baseline 10% tariff on nearly every trading partner that the country has. The increasingly aggressive economic policy was instituted to facilitate balanced trade for the nation, the administration assures.
However, its presence has forced a host of nations to respond. Among the most concerning answers have been from East Asia, which has vowed to fight the policy. Now, it is calling on its BRICS ally in India to stand with China as it is set to engage in a trade war with the US.
Also Read: BRICS: 8 Strongest Currencies That Rule the World
Chinese Embassy spokesperson Yu Jin recently said the two sides should come together amid the action. “China-India economic and trade relationships are based on complimentary and mutual benefit. Facing the US abuse of tariffs… the two latest developing countries should stand together to overcome difficulties.”
The only problem is that both nations took radically different approaches to their response to the Trump tariffs. Specifically, India has already ruled out reciprocal action. Indeed, it noted that it was seeking to secure a negotiated trade deal with the United States amid the policy.
Alternatively, Chian has not been as diplomatic. According to a recent report, the country has vowed to “fight to the end” in response to the looming trade war. The US president has threatened an additional 50% tariff on China, with the Eastern Asian power calling it “blackmail.”
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BRICS: India to Turn on US, Join China in Trade War?
With the arrival of United States President Donald Trump’s Liberation Day economic policy, the world has been subject to an influx of tariffs. Now, despite its increased relationship with the country, BRICS nations may band together, with India potentially joining with China amid a brewing trade war with the US.
A Chinese Embassy spokesperson in India recently called for the nation to stand with its BRICS ally against the US Trump administration. Specifically, spokesperson Yu Jing called for the nations to join forces to “overcome the difficulties” of the recent tariff plan, according to a Reuters report.
Also Read: BRICS Divided on US Dollar Replacement
BRICS Nations to Join Forces? China Calls for India to Stand With It in Opposition to Trump Tariffs
In early April, US President Donald Trump threw a wrench into global economics. Indeed, he announced the arrival of a baseline 10% tariff on nearly every trading partner that the country has. The increasingly aggressive economic policy was instituted to facilitate balanced trade for the nation, the administration assures.
However, its presence has forced a host of nations to respond. Among the most concerning answers have been from East Asia, which has vowed to fight the policy. Now, it is calling on its BRICS ally in India to stand with China as it is set to engage in a trade war with the US.
Also Read: BRICS: 8 Strongest Currencies That Rule the World
Chinese Embassy spokesperson Yu Jin recently said the two sides should come together amid the action. “China-India economic and trade relationships are based on complimentary and mutual benefit. Facing the US abuse of tariffs… the two latest developing countries should stand together to overcome difficulties.”
The only problem is that both nations took radically different approaches to their response to the Trump tariffs. Specifically, India has already ruled out reciprocal action. Indeed, it noted that it was seeking to secure a negotiated trade deal with the United States amid the policy.
Alternatively, Chian has not been as diplomatic. According to a recent report, the country has vowed to “fight to the end” in response to the looming trade war. The US president has threatened an additional 50% tariff on China, with the Eastern Asian power calling it “blackmail.”
Read More