BEIJING, CHINA: As per Chinese Foreign Ministry, a discussion regarding US trade war and its protectionist trade policy will take place as soon as President Xi Jinping and Prime Minister Narendra Modi will meet next week on the sidelines of the BRICS Summit in Johannesburg.
According to our recent resources, as a response towards increasing the taxes on Indian steel and aluminium by American President Donald Trump, tariffs hike on 30 US products in retaliation have been decided by New Delhi last month.
Our sources reported that President Xi and PM Modi will hold a one on one conversation on the sidelines of the BRICS Summit in Johannesburg. The summit which is beginning from 25th of this month will be a three-day summit that will include countries like Brazil, Russia, India, China and South Africa.
“President Xi Jinping and Prime Minister Narendra Modi will go to South Africa for the BRICS summit… On the sidelines of the summit, President Xi will hold bilateral meetings with the leaders of India and other countries. The relevant details (of the meeting) are under negotiation,” Foreign Ministry spokesperson Hua Chunying said.
The meeting which will soon take place between President Xi and PM Modi will be the third one as both of them met during Shanghai Cooperation Organisation (SCO) summit in May and then in Wuhan in April.
While addressing media, Foreign Ministry spokesperson Hua Chunying was asked whether both the leaders will have a word over on-going trade war by the US. On this Hua said that the conversation between the two will revolve around views on the international landscape, BRICS cooperation and other issues of mutual interest.
“China and India uphold multilateralism and free trade and the open world economy. They hold consensus and common interests in this aspect. I think the leaders will exchange views on the issue of common interests including this issue. This is also the consensus of the BRICS countries,” Mr Hua said.
Our news sources briefed that a tariff hike of more than $34 billion has already been slapped over the products of Beijing and Washington. As we all know that Trump initiated the move but as of now the Trump administration is accusing China of unfair trade practices.
Besides this President, Donald Trump also imposed additional tariffs on products from the European Union.