China Opposes Trump’s 50% Levy On India, Says Envoy Xu Feihong

News Snapshot:

Chinese envoy Xu Feihong stated on Thursday that China "fully opposes" the US decision to impose tariffs of up to 50% on India, as well as Washington's threat to escalate these measures. In a speech at a Delhi event, Feihong also remarked that tariff and trade "wars" are causing disruptions to the global economic and trade system. The Chinese envoy's remark assumes significance as it comes amid a thaw in Sino-India ties. India and China on Tuesday unveiled a series of measures for a 'stable, cooperative and forward-looking' relationship that included jointly maintaining peace along the frontier, reopening border trade,...