India offers soybean, sugar to China; amid US-China trade war

With US-China engaged in a potential trade war, India went on to offer China to help meet its demand for soybean and sugar.

This is in wake of Beijing proposing hefty duties on imports of American commodities because of trade tensions with Washington.

The offer from New Delhi was made at the latest session of a bilateral economic dialogue.

The dialogue itself had been suspended following the military standoff at Doklam near the Sikkim border last year.

NITI Aayog vice-chairperson Rajiv Kumar said Beijing annually imports agricultural products worth billions of dollars but it had recently proposed duties on the two commodities usually imported from US states such as Iowa.

That is where India could come in by exporting the items to China.

China recently proposed a 25 percent tariff on American soybeans as part of a trade dispute

Show More

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button