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China wants India on its side in trade war with US

DNMUM423906 | 10/11/2018 | Author : Iftikhar Gilani | WC :795 | India

New Delhi: In a significant development, China on Wednesday reached out to India to fight protectionism in the wake of trade war with United States.
Last month, US President Donald Trump had imposed $200 billion tariff on Chinese imports. While China retaliated by imposing tariffs on about $60 billion of US imports, experts here believe that this was expected to hurt Beijing growth and erode President Xi Jinping’s credibility that he draws from continued good economic performance.
The US has threatened to impose additional tariffs of over $260 billion on imports if China retaliates again.
In a statement, Chinese embassy here asked for “deepening cooperation to fight trade protectionism”. Counsellor Ji Rong, spokesperson of
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