India Follows the EU in Imposing Sanctions on Chinese Steel, Now Faces Retaliation from China! - Video

#china #chinanews #india #canada #tariff #steel

At the end of August this year, Canada suddenly announced that it would impose tariffs of up to 100% on electric vehicles exported from China, and a 25% tariff on steel and aluminum products.

However, interestingly, China has not yet launched a second round of countermeasures against these measures of Canada, but India has begun to get involved.

In September this year, India decided to impose tariffs of 12% to 30% on welded stainless steel pipes exported from China to India due to concerns about dumping.

However, some industry authorities pointed out that although India's move has a good starting point, the reality is somewhat unsatisfactory, because the current production capacity of local steel companies in India cannot meet the huge domestic infrastructure construction needs. Therefore, sanctioning Chinese steel is undoubtedly a dead end.

So why does India follow Western countries in imposing sanctions on China? Will China take countermeasures against India as in the past?

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