India says willing to work with China to develop relations

India says willing to work with China to develop relations

For those who still believe the U.S. is willing to play a constructive role in the region, it is high time they awoke to the bitter truth that its intention is to fan the fires of discord and it does not intend to let those fires be extinguished by others. Last year, trade between the two sides exceeded 500 billion US dollars, and two-way visits totaled 40 million, benefiting almost 2 billion people, according to Wang. The US President mentioned China several times in his speech in the Roosevelt Room of the White House at a ceremony wherein he signed two proclamations to impose 25 per cent and 10 per cent import duties on steel and aluminium respectively. Doesn't work. So that's called a "reciprocal tax", or "mirror tax". He further said that the country was losing $500 billion a year to China and something had to be done.

"China says it's got two per cent, but it sends much more".

Referring to a tweet by Tesla chief Elan Musk, Trump said China charges 25 per cent duty on American cars whereas it is just 2.5 per cent on import of Chinese cars into the US.

The US, India, Japan and Australia have growing concerns over China's increasing assertiveness in the Indo-Pacific region and its ambitious Belt and Road connectivity project.

In coming weeks, the Trump administration plans to issue a report on China's intellectual property practices expected to hammer China and possibly bring about further tariffs on a wider range of Chinese imports.

"If there is any competition between us, it has to be healthy and positive", Wang said, in response to a question from Bloomberg News.

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The US, he said, is negotiating now with China.

"And they trans-ship, and were going to accept their product, but its going to cost a lot of money from the standpoint of the trans-shipper", he added.

Trump recently said that while India charges 50 per cent import duty on Harley-Davidson motorcycles, the United States charges zero percent tax on motorbikes imported from India. They have been very helpful. Wang may be promoted to state councillor at the ongoing National People's Congress (NPC), China's parliamentary body, in Beijing, which is set to enshrine President Xi Jinping's authority by approving an amendment to abolish presidential term limits.

The movement is not aimed only at China, but nobody escapes that Beijing can be one of main goals of protectionist darts of Trump in future considering that Asian giant is biggest responsible for bulky deficit American commercial.

Mr Wang said the North Korean nuclear issue had reached a "critical moment", and China called for the United States and North Korea to engage in dialogue "sooner rather than later". He said mutual trust is the most precious commodity in the China-India relations.

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