China has said it would impose higher tariffs on $60 billion of US goods from June 1 in retaliation of US's tariff hike on Chinese goods. For India, a significant shift in the manufacturing sector is awaited due to the trade war. If the shift is properly positioned, it could be an advantage but if the tension persists for long, it could slow down the economy.
from Times of India http://bit.ly/2VCdOq8
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