'us-china Trade Deal Won't Last For Long': Sanjeev Sanyal Says India Must Focus On Its Own Strengths, Not China+1

Even arsenic Washington and Beijing denote a breakthrough waste and acquisition deal, Sanjeev Sanyal, a Member of nan Prime Minister's Economic Advisory Council, has cautioned that nan statement is improbable to beryllium durable.

Speaking to Mint connected whether nan US-China woody would impact India's China+1 strategy, Sanyal said: "I can't foretell really that woody will be. We'll person to set to immoderate it is. But I deliberation that wholly misses nan constituent of what's going on. This is simply a displacement successful world powerfulness dynamics which some China and nan US understand. So nary matter what that waste and acquisition woody is - it is people unstable."

Sanyal dismissed nan thought that waste and acquisition unsocial could resoluteness underlying tensions betwixt nan 2 world powers. "So my view is that we should proceed to build our strengths irrespective of what that China-US waste and acquisition woody is. It will not past for agelong periods of clip if it is thing specific. If it is thing wide that's a different matter." 

The economist said that this is simply a semipermanent struggle of awesome powers and that is not going to spell distant pinch a waste and acquisition deal. "Ultimately, it's a civilizational, geostrategic rumor successful which waste and acquisition is 1 mini portion of it. We should not deliberation of ourselves as China positive one. We should deliberation of ourselves arsenic 1 successful our ain right."

His comments travel conscionable days aft US President Donald Trump announced a waste and acquisition woody pinch China. The statement includes China lifting export restrictions connected uncommon world minerals and magnets, while nan US allows continued entree for Chinese students to American universities. Trump, successful a station connected Truth Social, said: “WE ARE GETTING A TOTAL OF 55% TARIFFS, CHINA IS GETTING 10%. RELATIONSHIP IS EXCELLENT!”

Despite nan upbeat statements, US Commerce Secretary Howard Lutnick acknowledged that nan statement simply puts "meat connected nan bones" of a vulnerable Geneva deal, which had faltered complete China's curbs connected captious minerals exports. The Trump management had responded by imposing export restrictions connected semiconductor package and craft technologies.

Meanwhile, India is moving guardant pinch its ain early waste and acquisition statement pinch nan US, expected earlier nan existent 90-day region connected reciprocal tariffs ends connected July 9. "We are moving connected an early waste and acquisition woody pinch nan US. The advancement has been good. We are hopeful that this will beryllium done wrong nan timeline," Commerce Secretary Sunil Barthwal said.

Chief negotiator Rajesh Agarwal confirmed that nan US squad visited India from June 5 to 11, and nan extremity remains to finalise nan first tranche of nan broader waste and acquisition woody by autumn 2025. Officials noted that some sides will request to trim tariffs and reside non-tariff barriers to scope their target of doubling bilateral waste and acquisition to $500 cardinal by 2050.

Published on: Jun 17, 2025 7:09 PM IST