The US-China trade war along with the slowdown in the Chinese economy have significantly impacted this region. The temporary shutdown of Hong Kong International Airport, the largest cargo hub in the world, added additional pressure.
Out of 56 companies that relocated their production out of China between April 2018 and August 2019, only three went to India and two to Indonesia
When two giants collide, shockwaves impact everyone else. The US-China trade war has stirred a global economic slowdown. Major economies are feeling the heat of sanctions destabilizing markets worldwide.
The pulpy ‘grand gala’ apples from Washington are fast vanishing from Indian shelves after India imposed retaliatory tariffs on 28 US items.
Washington is disappointed with China for issuing “White Paper” yesterday and recent public statements to pursue a blame game misrepresenting the nature and history of trade negotiations between the two countries.
Trump: ‘Right where we want to be with China’ US President Donald Trump in a tweet on Sunday said that ‘We are right where we want to be with China‘ The tweet read: “We are right where we want to…