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India Considers Raising Import Tariffs on China

China Stock Network recently reported that India is considering the possibility of increasing the import tariffs on Chinese goods in order to deal with the imbalance seen in the trade between the two countries. In 2013, India’s export volume to China was US$15 billion while its import volume from China reached US$51 billion. In the long run, India cannot sustain the trade deficit on this level. Some kind of protection has to be established. In the meantime, Indian government officials have been concerned about the dumping approach the Chinese companies are taking, which may destroy their Indian competitors. Some international media have expressed the belief that the increase in tariffs may cast distrust between the two countries and India could be criticized for protectionism that kills competition.
Source: China Stock Network, October 16, 2014