India China – India gave a strong shock to China, and now 5 years long longing for the dragon, know how – BM

The tensions between India and Pakistan decrease and the ceasefire is applicable to the border. On the one hand, when the Indo-Bakh ceasefire was announced by the United States on Saturday, China prompted Pakistan on the same day. Now after the ceasefire, India has given China a strong blow, which will affect the dragon for 5 years. Do you know what the Indian government took?

5 years of resistance duty
After a ceasefire between India and Pakistan, the Indian government has targeted China, and a new tariff bomb exploded. Yes, the obligatory obligation on Titanium dioxide imported from China is destined for the next five years. The Ministry of Finance has announced an anti-dumping duty between $ 460-681 per metric tons.

Why did the Government of India decide?
The question is now that the Indian government made this decision on the dragon, amid a ceasefire and the abolition of China’s Pakistan after the stress of the India and Pakistan border. Therefore, India’s DGDR has discovered that Titanium dioxide is the lowest price of the country, which is damaging the domestic industry, and it has been decided to impose this obligation.

These fields will be affected
Tell me here that Titanium dioxide is used in all fields. This includes paint, plastic, paper and food industries. In such a situation, the impact of this decision by the government will be on Indian companies related to them. Indian companies are focusing on the coming days in the coming days, especially in trade, Asian paints, Berger paints, shalimar paints and others.

China made with us!
On the other hand, there are signs that tension between the United States and China decreases, which has become the issue of global trade war. The contract has been finalized to reduce the US-China trade impairment in Geneva. According to US Treasury Secretary Scott Besant, he signed an agreement with China after a two -day meetings, which will help reduce its 1.2 trillion trade deficit. However, it does not reveal how the US trade deficit will be reduced or they have not made a clear announcement on fees cuts.

(Report of Chetan Bhutani)