The decision of the US to impose duties on certain steel and aluminium products besides hiking tariffs against Chinese goods has triggered a global trade war, with China retaliating to the move.
India can benefit from the ongoing challenges in global trade provided it plays its cards well, Commerce and Industry Minister Suresh Prabhu today said.
He said that some countries are taking steps which are testing the entire global trading system.
“We are passing through a challenging but an opportune time. If we play our cards properly, and that is what we are trying to do… we can actually benefit from it by creating an opportunity around the issues that are happening globally. We have no choice but to respond in a positive manner,” he said.
The minister was speaking at the CII annual general meeting here