Goyal: China’s unfair practices to blame for tariffs

MUMBAI: Commerce minister Piyush Goyal blamed the present state of affairs on tariffs, on the world turning a blind eye to unfair trade practices adopted by China for over two decades after its admission to the World Trade Organization in 2001, driven by the narrative of low-cost manufacturing and cheap goods. He urged the world to act collectively to restore fair trade practices to preserve multilateral trade.

He called upon India to turn the tariff crisis into an opportunity just like the country did during the Y2K (year 2000 IT transition) and Covid challenges.