The Mint Report, October 11 report, the recent intensification of Sino-US trade tensions has given Indian exporters a competitive advantage. On October 9, the Chinese Ministry of Commerce, in conjunction with the General Administration of Customs, issued an announcement that starting November 8, it will formally implement export controls on five types of medium and heavy rare earths, including superhard materials, rare earth equipment and raw materials, holmium, lithium batteries, and artificial graphite anode materials. On October 10, Trump announced that starting November 1, an additional 100% tariff would be imposed on imported goods from China, raising the total tariff rate to approximately 130%. Analysts point out that the US's additional tariffs on China may enhance the competitive advantage of Indian export products, and Indian companies are expected to benefit from the transfer of demand. Currently, US retail giant Target has already sought new product cooperation with Indian toy exporters. In addition, the Indian think tank "Global Trade Research Initiative" (GTRI) warned that due to the US's high dependence on China for products such as electronics, textiles, and solar panels, the Sino-US trade tension could push up the prices of global electric vehicles, wind turbines, and semiconductor components.
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