News Snapshot:
Amid escalating trade tensions, with China announcing duties of 34 per cent on all US imports in retaliation to Donald Trump’s tariffs, senior government officials in the Ministry of Commerce and Industry held a top-level meeting to assess a potential surge in imports following the implementation of reciprocal tariffs set to take effect on April 9, The Indian Express has learned. Concerns over a surge in imports from China stem from the likelihood of an increased glut in Chinese exports, following the imposition of a 34 per cent US reciprocal tariff on Chinese goods on top of the 20 per...