The Trump administration’s tariffs may have reduced China’s exports to the US by 15 per cent this year, but the global chaos caused by the abandonment of international rules has had a bigger adverse impact than the direct hit from the tariffs. According to Bai Chong-En , Dean of School of Economics and Management at Beijing’s Tsinghua University, people should instead come together to improve international rules instead of acting unilaterally and imposing their rule on others.

In an interview with The Indian Express , Bai — who was in New Delhi to attend the fourth Kautilya Economic Conclave — added while India and China could become manufacturing rivals in the long term, there were more areas right now where the two countries complemented each other than competed.

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