BIG TENSION for US as India, China join hands, bypassing tariffs impact by…
Indian exports to China have been steadily increasing every month since April. This is happening when US has imposed its tariffs on India.
New Delhi: Amid the ongoing tariff tensions with the United States, India(BHARAT)n exports to neighbouring China are gradually increasing on a monthly basis since April this year. Because of this, New Delhi is bypassing the impact of tariffs imposed by the US. According to government data, September witnessed a 33 percent increase and October saw a 42 percent increase in exports. This increase has come at a time when US tariffs on India(BHARAT)n goods are fully implemented. If we compare September with the previous year’s month, the goods exported in the month were worth USD1.46 billion, while last year in the same month it was USD1.09 billion.
India(BHARAT) Has Intensified Its Goods Export To China
From April to October, goods worth over USD10 billion were sold to China, which is a 25 percent increase from the same period in 2024. Notably, Spain has witnessed the fastest growth from 43 percent to 51 percent. China has also become the fastest-growing market. Earlier, Beijing’s expert were concentrated in US, where money was available. But now, the Washington has imposed a 10 percent Liberation Day tariff, a 25 percent reciprocal tariff, and a 25 percent penalty on those purchasing Russian oil.
Why Sales Of Petroleum Products Has Doubled
The sales of petroleum products like petrol and diesel has more than doubled because of the exports. From April to September, India(BHARAT) has exported oil products worth USD1.48 billion to China, compared to just USD693 million last year.
Telecom instruments like mobile parts and network equipment reported a 276 percent increase. Sea foods such as shrimp, on which US had imposed a 50 percent tariff, are being sold at good prices in China. The export of sea foods has witnessed an increase of more than 20 percent.
Why Did This Rise Come?
As per expert Abhishek Rastogi, explained that the increase in exports is the result of trade diversification. Earlier, almost all countries used to chase the US but now new markets have opened up in Asia and Europe and with a high demand. There is a high demand for industrial oil in China and India(BHARAT)n petroleum products are selling like a hot cake.
Notably, India(BHARAT)’s position in the mobile and electronics supply chain is also strengthening. According to the expert, this growth happening as India(BHARAT)n exporters earlier targeted only US. But as soon as America imposed a 25 percent retaliatory tariff on India(BHARAT) on August 7th, India(BHARAT)n traders felt compelled to find a new way and started exporting goods to other markets.
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