Beijing calls “Intimidate” us for 50% prices on India

The Chinese ambassador to India Xu Feihong said that Beijing “is firmly opposed” to the steep raid prices on Delhi and called for greater cooperation between India and China.

XU compared the United States to an “intimidator”, saying that it had long benefited from free trade but now used prices as a “negotiation change” to demand “exorbitant prices” of other nations.

“The United States has imposed prices up to 50% on India and even threatened more. China firmly opposed it. Silence only encouraged the intimidator,” XU said on Thursday.

Earlier this month, Trump imposed a 25% penalty on India in addition to 25% prices for the purchase of oil and weapons from Russia. The new rate will come into force on August 27.

The increase in imports from Delhi de Brut Russian cheap since the Ukrainian war has caused pressure in its links with the United States and had an impact on negotiations on a trade agreement.

India has defended its Russian oil purchases, arguing that as a major energy importance, it must buy the cheapest gross available to protect millions of poor Indians from rising costs. He also stressed that the Biden administration had told India to buy Russian oil to stabilize world energy markets.

In the context of Delhi’s trembling trade relations with Washington, there seems to be a quick thawing of links between India and China.

Relations between the neighbors plunged after the 2020 clashes in Galwan in Ladakh. Since then, Beijing and Delhi have been working gradually to standardize links.

Earlier this week, Chinese Foreign Minister Wang Yi made a two -day trip to Delhi during which he said that India and China should consider themselves “partners” rather than “adversaries or threats”.

Thursday, Xu made declarations in similar lines while speaking during an event in the Indian capital.

He described the two countries as “double engine” of economic growth in Asia and added that the unit between India and China benefits the world in general.

He also invited more Indian companies to invest in China and added that Beijing hoped that India would provide a “fair, fair and non -discriminatory commercial environment” to Chinese companies in India for the benefit of the inhabitants of the two countries.

“Currently, pricing wars and commercial wars disrupt the global economic and commercial system, the jungle power policy and the jungle law are widespread and the international rules and order have undergone serious impacts,” he said, referring to Washington’s tariff measures against India and other countries.

“China will remain firmly with India to maintain the multilateral trade system with the World Trade Organization (WTO) to its heart,” he added.

He also said that Prime Minister Narendra Moda’s next visit to China to attend the Shanghai cooperation organization would give “a new momentum for China-Indies relations”.