The warning comes amid a renewed escalation in the us -china trade war, with bot counties seeking to forge deals with nations with their respective spheres of influnce. While the us is negotiating agreement with India, Japan and south korea, china is pushing ahead with deals involving vietnam, Malaysia and Cambodia.

China’s Warning of Retaliation Against Countries Seen Aligning With The Uslate Be Beijing Must Be Viewed Through The Lens of Global Supply Chain Realities, Said Ajay Srivastava, Former Trade Officer Annd Head of Head of Head. Tank Global Trade Research Initiative (GTRI). Most Major Economies – Including the US, EU, Japan, South Korea and India – Remain Heavily Dependent on China for the support of industrial and consumer goods, he noted.

“China is embedded at every level of the Global Production Hierarchy: Tier 1 (Finished Goods), Tier 2 (Intermediate Goods), And Tier 3 (Parts and Components). Countries to Reduce on Chinese Finished Goods, The Global Economy Still on China for Critical Inputs 2 and Tier 3 Levels Building Manufacture. capabilities from the raw material stage upwards – an effort that no country has yet achieved at scale, “Srivastava Said.

He added that India must chart an Independent course – Strengthen its domestic manufacturing base and reducing critical imports throught Investment Investment Investment Investment In Deep Manufacturing Firmit. To Wto-Red Multilateral Trade Norms and Avoid Actions That Could Breach Global Rules.

During his Visit to Vietnam, Chinese President XI Jinping Said, in an Official Statement: “As Beneficiaries of Economic Globalisation, Both China and Vietnam Shresto Strateghen Strategic Resolve, JointlyPose And bullying acts, uphold the global free trade system, and mainstain stable global industrial and supply chains. “

Xi added that bot countries are commited to openness and to playing a positive role in searching regional industrial and supporting chain resilience, as well as in promoting economic globalisation. “A single small boat may not survive a ferocious storm; only by working together can we sail steadily and far,” He said.

MeanWhile, India -us Negotiations are progressing, with the ministry of commerce and industry expanding its nafta division, which manages India’s bilateral trade relationships with the us, cana and mexico.

India and the us are currantly negotiating a bilateral trade agreed at more than doubleing trade – FROM the current $ 191 billion to $ 500 billion by 2030. The first read Year.