Reference News Network, January 16 report: According to the U.S. Consumer News and Business Channel website, as high tariffs imposed by U.S. President Trump prompted India to look towards other alternative markets, India's exports to China surged significantly in December last year, while its exports to the United States declined.
The report stated that data released by the Indian government on the evening of the 15th showed that India's exports to China increased by 67% in December last year, reaching $2 billion. By contrast, Indian goods exported to its largest export market, the United States, fell by 1.8%, dropping to $6.8 billion.
The United States has imposed a 50% tariff on India. The report said that this rate is not only higher than the tariff rate imposed by the United States on China, but also the highest tariff rate imposed by the United States on all countries, seriously disrupting trade and diplomatic relations between the two countries.
In the first nine months of the current fiscal year ending March 2026, India's exports to mainland China increased by nearly 37%, and exports to Hong Kong exceeded 25%.
Translation/By Tu Qi
Original source: toutiao.com/article/7595951330259960360/
Statement: This article represents the views of the author himself.